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Gerald Lucas

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The Building Material In Shortest Supply Right Now, How To Manage Your Property Manager, NJ Housing Inventory Rises Significantly

August 16, 2022 Gerald Lucas

The Building Material In Shortest Supply Right Now

Real Estate Tip:

If you hire a property mgmt company to manage your real estate, make sure your property management agreement has the following 3 items: 1. roles & responsibilities 2. payment terms and 3. termination clause

Real Estate Insight:

NJ’s unsold housing inventory continues to rise, increasing 70% since January 2022

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Tags Gerald Lucas, real estate tips, real estate strategies, building materials, shortage, lumber, electrical supplies
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How To Identify An Incompetent Mortgage Broker, Occupancy Agreement Pitfalls To Avoid, California Makes Small Step To Increase Residential Housing Inventory

August 9, 2022 Gerald Lucas

How To Identify An Incompetent Mortgage Broker

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:

California, with the biggest US homeless population, has allotted $400 million to help convert commercial buildings for residential use.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage rates, mortgage broker, incompetent, inexperienced, mortgage commitment, debt-to-income ratio, deadline
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How A Recession Will Affect Home Prices?, How To Avoid Home Renovation Nightmares, Home Construction Costs & Time To Complete Soar

August 2, 2022 Gerald Lucas

How A Recession Will Affect Home Prices?

Real Estate Tip:

Don't take on a home renovation project yourself unless you have prior experience-1st time home renovators often end up wasting both time and money.

Real Estate Insight:

In addition to the rising costs of materials and labor in residential construction in recent years, the amount of time it takes to complete a multifamily project has also continued to rise.The rising costs of materials and labor in residential construction in recent years, the amount of time it takes to complete a multifamily project has also continued to rise.

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Tags Gerald Lucas, real estate tips, real estate strategies, recession, mortgage rates, interest rates, home prices, home affordability, housing supply, economic conditions
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