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Gerald Lucas

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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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What Happens When A Home Purchase Contract Expires?, The Perils Of Overpricing, Did Home Buyer Down Payments Peak?

November 19, 2024 Gerald Lucas

What Happens When A Home Purchase Contract Expires?

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate News:

Home buyers retreated from record-high down payments across the U.S., with down payments reaching an average of 14.5% and a median down payment amount of $30,300 in the third quarter of 2024, down from the Q2 2024 historical peak of 14.9% and $32,700.

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Tags Gerald Lucas, real estate tips, real estate strategies, purchase contract, contingency clauses, expiration date, home inspection, appraisal, mortgage financing, home buyer, home seller
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Can Home Sellers Leave Their Stuff In The Home After Closing?, What The Best Real Estate Deals Look Like, Housing Affordability Plunges Further

December 5, 2023 Gerald Lucas

Can Home Sellers Leave Their Stuff In The Home After Closing?

Real Estate Tip:

Most of the best real estate deals will involve properties that are in need of repair. In order to capitalize on these rehab deals, you or someone you work with will need to know how much time and money are required to renovate these properties.

Real Estate News:

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade.

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Tags Gerald Lucas, real estate tips, real estate strategies, purchase contract, written agreement, seller credit
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