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Gerald Lucas

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Are Houses Or Condos A Better Investment?, The Dangers Of Use & Occupancy Agreements, How Much Did Existing Homes Sales Change Last Year?

February 6, 2024 Gerald Lucas

Are Houses Or Condos A Better Investment?

Real Estate Tip:

If you allow the seller to stay in a property you are buying after the closing, make sure you have an airtight occupancy agreement that clearly spells out the dates of occupancy and the consequences of failure to abide by those dates.

Real Estate News:

Existing home sales in the US fell 19% in 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, condos, houses, maintenance costs, demand, single family homes, appreciation
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The REAL Difference Between Condos And Co-ops, Important Fact You Need To Know About Your Homeowners Insurance, Huge Drop In Investor Purchases Of This Kind Of Property

January 30, 2024 Gerald Lucas

The REAL Difference Between Condos And Co-ops

Real Estate Tip:

Find out if your homeowners insurance uses "actual cash value" method rather than "cost to replace" method to calculate a claim--if so, depreciation will be deducted from your settlement amount, resulting in lower compensation to you in the event of a claim.

Real Estate News:

Investor purchases of US single family homes dropped 29% in 2023.

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Tags Gerald Lucas, real estate tips, real estate strategies, condos, co-ops, board of directors, condominium associations, fee simple ownership, mortgage financing
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Hidden Danger Of Condos, How To Survive Any Real Estate Market, NYC High End Rental Market

April 13, 2016 Gerald Lucas
 

Hidden Dangers of Condos

Real Estate Tip:

Adapt to the real estate market around you; don’t expect it to adapt to you

Real Estate Insight:

The market for high end rentals in New York City is slowing

 
Tags gerald lucas, real estate tips, real estate advice, real estate insight, hidden danger of condos, condos, real estate market, nyc high end, high end real estate
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