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Gerald Lucas

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How Tariff-Induced Market Gyrations Will Affect Real Estate, Sure Fire Way To Lower Contractor Costs, How New Tariffs Impact Construction Costs

April 15, 2025 Gerald Lucas

How Tariff-Induced Market Gyrations Will Affect Real Estate

Real Estate Tip:

Pay for property renovation projects by the job not by the hour. When you pay by the hour, it normally takes more time and costs you more money.

Real Estate News:

The new tariffs Trump recently announced would raise construction costs because nearly all imports would be subject to 10% 'baseline' tariffs.

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Tags Gerald Lucas, real estate tips, real estate strategies, tariffs, stock market, uncertainty, home prices, construction costs, building materials, steel, lumber, drywall, financial markets
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Is A Final Walk through Necessary When You Buy A Home?, Home Inspection Tips, The Fed's Latest Decision

April 8, 2025 Gerald Lucas

Is A Final Walk through Necessary When You Buy A Home?

Real Estate Tip:

When you're buying a property, attend the home inspection, ask lots of questions and listen so you don't misinterpret what's written in the inspection report.

Real Estate News:

The Federal Open Market Committee's decided to hold interest rates steady and lower it's gross domestic product projections for 2025.

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Tags Gerald Lucas, real estate tips, real estate strategies, final walkthrough, vacant property, home inspection report, repairs, purchase contract
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How Many Homes Should You Look At Before You Buy?, My Important 1st Step Before You Hire A Contractor, Builder Confidence Drops Due To Tariffs

April 1, 2025 Gerald Lucas

How Many Homes Should You Look At Before You Buy?

Real Estate Tip:

Demand that a solid written agreement with a home contractor or handyman be signed before any work begins on your home and before any money is exchanged.

Real Estate News:

Builder confidence dropped in March to lowest level in 7 months due to economic uncertainty, the threat of tariffs, and high housing costs.

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Tags Gerald Lucas, real estate tips, real estate strategies, local real estate market conditions, personal financial situation
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