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Gerald Lucas

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3 Year End Real Estate Tips, Rental Policy A Must For Landlords, Home Prices Fall For 3rd Month In A Row

December 20, 2022 Gerald Lucas

3 Year End Real Estate Tips

Real Estate Tip:

As a landlord, it’s best to have a thorough written rental policy that uniformly applies to all tenants and all tenant applicants.

Real Estate Insight:

Home prices fell in September from August, the first time prices have declined for 3 straight months in nearly 4 years.

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Tags Gerald Lucas, real estate tips, real estate strategies, roof inspection, water heater flush, service, oil heaters, gas heaters, water heaters
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How Much Has NJ Home Inventory Increased In Last Year?, Always Do This When You Get A New Roof, Fannie Mae & Freddie Mac Scale Back On Multifamily Loans

December 13, 2022 Gerald Lucas

How Much Has NJ Home Inventory Increased In Last Year?

Real Estate Tip:

Always get at least a 5 year guarantee on a new roof before you make the final payment on it.

Real Estate Insight:

Fannie and Freddie are buying fewer multifamily loans as interest rates rise and property sales fall.

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Tags Gerald Lucas, real estate tips, real estate strategies, home prices, housing demand, NJ home inventory, housing inventory, home buyers
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How Property Tax Policy Changes Can Fix Housing Shortage, The Best Home In The Neighborhood To Buy, Builders Offer Homebuyers More Incentives

December 6, 2022 Gerald Lucas

How Property Tax Policy Changes Can Fix Housing Shortage

Real Estate Tip:

Buy property that is consistent with other property in the neighborhood. It's smarter to buy the cheapest rather than the most expensive house in an acceptable neighborhood-this increases the odds that your property value will increase and often makes it easier for you to sell.

Real Estate Insight:

Builders have become more eager to offer prospective home buyers incentives— including more affordable rate buy-downs, reduced closing costs and free amenities—as mortgage rates soared to a 22-year high last quarter and more homes emerged on the market.

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Tags Gerald Lucas, real estate tips, real estate strategies, home prices, inflation, local real estate markets, economy, housing demand, interest rates, macroeconomic conditions
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