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Gerald Lucas

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3 Things To Be Grateful For Thanksgiving 2023, Tool To Measure The Strength Of Your Local Real Estate Market

November 21, 2023 Gerald Lucas

3 Things To Be Grateful For Thanksgiving 2023

HAPPY THANKSGIVING

Real Estate Tip:

The average number of days on market required to sell a home gives you a good indication of the strength of that local real estate market--a higher average number of days on market usually suggests a weaker market, a lower average number of days on market implies a stronger local real estate market.

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Tags Gerald Lucas, real estate tips, real estate strategies, Biden Administration, the Fed, interest rates, commercial buildings, housing costs, housing shortage
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Can U Keep A Home Buyers Deposit Money If They Back Out?, Which Data To Verify In A Real Estate Transaction, Adjustable-Rate Mortgages Soar

November 14, 2023 Gerald Lucas

Can U Keep A Home Buyers Deposit Money If They Back Out?

Real Estate Tip:

In a real estate transaction, don’t accept any piece of important data that is provided to you until you’ve gotten third party confirmation of it (i.e. lease-verified rental income numbers).

Real Estate News:

Adjustable-Rate mortgage demand hit it's highest level in a year as interest rates continue to climb.

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Tags Gerald Lucas, real estate tips, real estate strategies, contingency clauses, mortgage contingency, inspection contingency, purchase contract, home buyer deposit
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Can You Force A Mortgage Co-Borrower To Pay Their Share?, The REAL Value Of A Home, Big Retailers Take Harder Line

November 7, 2023 Gerald Lucas

Can You Force A Mortgage Co-Borrower To Pay Their Share Of A Monthly Payment?

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate News:

Some of the nation's largest retailers are taking a harder line when it comes to deciding whether to preserve or permanently shut struggling outposts, a shift that has resulted in a number of high-profile closings as some brands appear no longer willing to stick it out in challenging locations.

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Tags Gerald Lucas, real estate tips, real estate strategies, mortgage, co-borrower, suit for partition, sale, jointly liable, loan
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