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Gerald Lucas

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How Much Should You Pay For A Home Inspection?, Many Property Rehabbers Fail To Consider This Vital Item, Mortgage Rates & Mortgage Applications

March 11, 2025 Gerald Lucas

How Much Should You Pay For A Home Inspection?

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 News:

Falling mortgage rates have captured the attention of home buyers, as mortgage applications for a home purchase, which is a gauge of future homebuying activity jumped 9% this week.

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Tags Gerald Lucas, real estate tips, real estate strategies, home inspections, radon, termites, mold, foundation, costs
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Which is Better-Concrete Block Or Wood Framed Homes?, Obscure But Powerful Homeowner Insurance Tip, How This Year's Hurricane Season Is Affecting Homebuyer Demand

October 22, 2024 Gerald Lucas

Which is Better-Concrete Block Or Wood Framed Homes?

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:

Nearly one-third (32%) of U.S. residents aged 18-34 say they're reconsidering where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene.

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Tags Gerald Lucas, real estate tips, real estate strategies, insurance premiums, natural disasters, concrete block homes, wood framed homes, insurance, insulation, mold, wood destroying insects, termites
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3 Home Health Dangers In Older Homes To Avoid, Why Occupancy Agreements Matter, Home Prices Finally Fall-But By How Much?

May 16, 2023 Gerald Lucas

3 Home Health Dangers In Older Homes To Avoid

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 Insight:

Home prices in Q1 2023 fell in more parts of the US than they have in over a decade with a third of metro areas posting annual price declines.

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Tags Gerald Lucas, real estate tips, real estate strategies, mold, asbestos, lead, EPA, lead paint
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