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Gerald Lucas

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How Far Will Home Prices Fall?, Protection From Overpaying For Property, Commercial Borrowing Nosedives

June 6, 2023 Gerald Lucas

How Far Will Home Prices Fall?

Real Estate Tip:

The best way to avoid paying too much for a property is to never offer too $ much when you make a purchase offer to buy.

Real Estate Insight:

Commercial borrowing declined 42% in Q1 2023 in all major property categories and from all major lender sources.

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Tags Gerald Lucas, real estate tips, real estate strategies, property, price, real estate, home prices, dot com bust, local real estate markets, pandemic
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7 Things U Can and Cannot Control In Real Estate, What Contractors You Work With Should Have, Home Sales In This Category Fall By More Than In A Decade

May 30, 2023 Gerald Lucas

7 Things U Can and Cannot Control In Real Estate

Real Estate Tip:

Only hire real estate contractors that have established trade lines (credit accounts that allow them to buy supplies and materials themselves)

Real Estate Insight:

Sales of previously owned homes fell in April from the prior month and prices declined from a year earler by the most in more than 11 years.

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Tags Gerald Lucas, real estate tips, real estate strategies, property, interest rates, inflation, property taxes, insurance, land, building materials, labor, price, real estate, transaction, real estate investments, listing agreement, lease, contract, regulations, risk, ROI, return on investment, rent, tenant
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Where Are The Best Places To Buy Real Estate Now?, How To Manage Your Property Manager, NJ Adopts 'Environmental Justice' Regulations For Property Development Projects

May 23, 2023 Gerald Lucas

Where Are The Best Places To Buy Real Estate 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 has become the first state to adopt a so-called environmental justice regulations to limit the development of projects that could bring pollution to lower-income communities.

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Tags Gerald Lucas, real estate tips, real estate strategies, appreciating real estate markets, local real estate market, averages, neighborhoods, property types, property
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