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Gerald Lucas

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3 Ways 1st Time Home Buyers Can Get Help, How To Make Renovation Projects Cheaper & Faster, Apartment Rents Fall

February 28, 2023 Gerald Lucas

3 Ways 1st Time Home Buyers Can Get Help

Real Estate Tip:

Get at least 3 difference contractor estimates on any real estate renovation projects you are considering taking on. Make sure each estimate is for exactly the same scope of work so you can make an apples to apples comparison.

Real Estate Insight:

The average age of 1st time home buyers rose to 36 in 2022, a record high.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage lending, first time homebuyers, FHA loans, mortgage
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Fall Housing Market Forecast, Don't Forget About This When Calculating Property Rehab Holding Costs, US Construction Costs Move Even Higher

September 6, 2022 Gerald Lucas

Fall Housing Market Forecast

Real Estate Tip:

When you estimate holding costs for a property rehab, consider estimated renovation time as well as the time required to sell the property

Real Estate Insight:

US construction costs continue to soar--rising more than 10% since last year

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Tags Gerald Lucas, real estate tips, real estate strategies, Fall Housing Forecast 2022, mortgage interest rates, millennials and housing, first time homebuyers, construction costs, home inventory, home sales
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Why NJ Housing Inventory Is Rising Now, Do This BEFORE You Apply For A Mortgage, Where NJ Ranks Nationally In Rent Affordability

July 27, 2021 Gerald Lucas

Why NJ Housing Inventory Is Rising Now

Real Estate Tip:

Get a free copy of your credit report from all 3 major credit bureaus and make sure there are no errors that need to be corrected BEFORE you apply for a mortgage.

Real Estate Insight:

NJ is the sixth most expensive place to rent in the US behind only Hawaii, California, New York, Massachusetts and Washington, D.C.

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Tags Gerald Lucas, real estate tips, real estate stratgies, home affordability, housing inventory trends, home price increases, first time homebuyers
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