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Gerald Lucas

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3 Ways Artificial Intelligence Can Improve Real Estate, G's Rule Of 3 (Apples2Apples) Explained, Change In Avg Age Of 1st Time Home Buyers

February 21, 2023 Gerald Lucas

3 Ways Artificial Intelligence Can Improve Real Estate

Real Estate Tip:

Get at least 3 difference contractor estimates on any real estate renovation projects you are considering taking on. Make sure each estimate is for exactly the same scope of work so you can make an apples to apples comparison.

Real Estate Insight:

The average age of 1st time home buyers rose to 36 in 2022, a record high.

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Tags Gerald Lucas, real estate tips, real estate strategies, realtors, home buyers, AI, artificial intelligence, Zillow, automation, renters, mortgage lending, credit reports, income
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Do Open Houses Help Sell Homes?, Batch Strategy To Rent Property, NJ Gov Tries To Speed Up Construction

February 14, 2023 Gerald Lucas

Do Open Houses Help Sell Homes?

Real Estate Tip:

When you rent a property, set up all appointments to show the property at the same time--this saves you time and creates more urgency for tenant applicants to make a decision.

Real Estate Insight:

Gov. Phil Murphy has signed into law a bill that aims to speed up construction permitting in New Jersey, allowing developers to hire private-sector code inspectors if local officials cannot complete a review within three business days of a requested date.

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Tags Gerald Lucas, real estate tips, real estate strategies, open houses, realtors, home buyers
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Biggest Real Estate Myth You Should Reject, Avoid IRS Problems Regarding Your Real Estate Taxes Paid, 4 Quarter Property Sales Plummet

February 7, 2023 Gerald Lucas

Biggest Real Estate Myth You Should Reject

Real Estate Tip:

If your mortgage lender pays your real estate taxes from an escrow account, make sure the real estate taxes you claim on your return matches the number on Form 1098 your mortgage lender sends you-Form 1098 will report any real estate taxes you paid.

Real Estate Insight:

Fourth-quarter property sales were the worst slowdown since the great recession.

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Tags Gerald Lucas, real estate tips, real estate strategies, Warren Buffett
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