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Gerald Lucas

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Is It Smart To Subdivide A Property?, Real Estate Auction Risks Explained, Surprising New Homeowner Trend

February 4, 2025 Gerald Lucas

Is It Smart To Subdivide A Property?

Real Estate Tip:

Be very careful if you participate in a real estate auction. Auctions encourage impulsive behavior and at most auctions there's usually someone dumb enough to pay too much for a property-- better to let that person win. No one ever got rich paying too much for something.

Real Estate News:

More than one-third (34%) of U.S. homeowners say they'll never sell their home, and another 27% say they wouldn't consider selling for at least 10 years.

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Tags Gerald Lucas, real estate tips, real estate strategies, subdivide property, revenue, value, property taxes, insurance premium, maintenance costs, legal fees, surveying, engineering, infrastructure
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Biggest Mistake To Avoid In Winning A Property Tax Appeal, Essential Property Insurance Claim Tip, How Much NJ Home Sales Jumped This Year So Far?

October 8, 2024 Gerald Lucas

Biggest Mistake To Avoid In Winning A Property Tax Appeal

Real Estate Tip:

When you file a property insurance claim, document damage with both photos and video.

Real Estate News:

The number of homes being offered for sale in NJ has increased by 46% since January of this year.

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Tags Gerald Lucas, real estate tips, real estate strategies, property taxes, property tax appeals, hearing, over-assessment, under-assessment
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Better To Buy A New Home Or Pre-Existing Home?, How To Avoid The Unique Property Trap, US Homes Sales Move In August

October 1, 2024 Gerald Lucas

Better To Buy A New Home Or Pre-Existing Home?

Real Estate Tip:

Unique properties are often harder to sell because they generate lower demand and appeal to a smaller percentage of potential buyers.

Real Estate News:

U.S. home sales fell 4.7% in August, hitting the slowest pace in nearly a year.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage rates, pre-existing home, newly constructed homes, fixtures, property taxes, mortgage rate lock
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