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Gerald Lucas

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Have We Entered A Housing Recession?, Make Sure Your Contractor Isn't Too Busy!, Pandemic Job Recovery Completed

August 23, 2022 Gerald Lucas

Have We Entered A Housing Recession?

Real Estate Tip:

Find out how many jobs a real estate contractor is working on before you hire him. If he has too many jobs running concurrently, the job you hire him to do will unlikely be completed on time.

Real Estate Insight:

The US economy has now recovered 98% of the jobs lost during the initial months of the pandemic. Jobs and personal incomes more than any other factors drive home prices.

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Tags Gerald Lucas, real estate tips, real estate strategies, building materials, shortage, lumber, electrical supplies
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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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