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Gerald Lucas

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Will Dip In Apt Construction Lower Rent Prices?, G's Rule Of 3 To Save Money On Home Renovations, US Homeownership Rates Change In A Surprising Way

October 10, 2023 Gerald Lucas

Will Dip In Apt Construction Lower Rent Prices?

Real Estate Tip:

Use G's rule of 3--always get at least three estimates for any service or construction work done on your home or property.

Real Estate News:

The US home ownership rate has recently risen to almost 66%, exceeding pre-pandemic levels.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, marriage, divorce, illness, death, unemployment, new job, mortgage interest rates, adjustable rate mortgage, builder
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The Real Driver Of Home Sales-NOT Interest Rates!, Beware Of Bank Owned Properties, Bank Lending Standards Tighten

October 3, 2023 Gerald Lucas

The Real Driver Of Home Sales-NOT Interest Rates!

Real Estate Tip:

Be careful when you make offers to purchase bank-owned property, also known as REOs because there is no previous owner compelled to disclose problems like a leaky roof or oil tank. You must do your own homework which includes a property inspection--the bank will only give you clear title to the property.

Real Estate News:

US banks recently reported that lending standards tightened for all residential real estate.

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Tags Gerald Lucas, real estate tips, real estate strategies, interest rates, mortgage rates, marriage, divorce, illness, death, unemployment, new job
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How To Get A 3% Mortgage Loan Today, How To Protect Yourself From Repair Nightmares When You Buy A Home, Existing Home Sales Fall Again

September 26, 2023 Gerald Lucas

How To Get A 3% Mortgage Loan Today

Real Estate Tip:

Make sure any contract you sign to buy a home has an inspection contingency that provides you more than enough time to get a thorough property inspection.

Real Estate News:

Existing US home sales fell .7% in August.

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Tags Gerald Lucas, real estate tips, real estate strategies, 30 year fixed rate mortgage, FHA, VA, mortgage loan, mortgage loan assumption, mortgage balance
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