woman biting nails and nervous

Real Estate Cancelations Surrounding Coronavirus (COVID-19)

  • March 24th, 2020
  • devinlucas

Can you legally cancel your real estate transaction, or real estate listing, over Coronavirus (COVID-19)?  What options does a buyer have to cancel, what about the seller, what about the REALTOR®?  No doubt, real estate transactions are being canceled over fears surrounding Coronavirus (COVID-19) and related economic impacts.   Local real estate markets have seen an […]

Eviction Notice crossed out to signal do not evict

It’s Official – California Has Statewide Rent Control

  • February 3rd, 2020
  • devinlucas

It’s Official – California Has Statewide Rent Control… Many exemptions exist that will apply to most small owners; corporate owners are the primary target of the current law. … This New Statewide Rent Control Has Two Key Components: 1) Caps Rental Increases; 2) Requires “Just Cause” For All Evictions.

graphic of person handing keys to another person

1031 Exchange – Overview / How To

  • October 10th, 2019
  • devinlucas

There may be no better tax incentive for investment real estate than the 1031 Exchange.  Named in reference to section 1031 of the Internal Revenue Code, the “1031 Exchange” allows an income tax free (or tax deferred, see below) exchange of investment real estate with wide latitude as to what real estate can be purchased […]

Davis Magnet School logo

Davis Magnet School lottery is now open – Newport Mesa Unified School District

  • February 17th, 2019
  • devinlucas

Attention Newport Mesa parents…. Davis Magnet School lottery is now open.  Newport Mesa Unified School District (serving all of Newport Beach and Costa Mesa) has some amazing schools… including Davis Magnet School.  How do I get my child in?… you literally have to win the lottery.  Lottery applications are now open – now through March […]

wallet of cash into the hands of Uncle Sam

2018 Tax Reform – Key Impacts on California Real Estate

  • June 15th, 2018
  • devinlucas

Newport Beach, Costa Mesa, Orange County and all California homeowners – and potential homeowners – have some significant tax changes to consider and plan for in 2018. H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on December 20, 2017, contains a large number of provisions that affect […]

rolls of money, lots of money

California Propositions 60 and 90 – Property Tax Transfer to New Residence

  • April 4th, 2018
  • devinlucas

Proposition 60 allows the transfer of an existing Proposition 13 base year value from a former residence to a replacement residence within the same county, if certain conditions are met.  This benefit is open to homeowners who are at least 55-years old and are able to meet all qualifying conditions, (see below) and applies in […]

Real Estate Mediation And Compliance With The Requirement For Pre-Litigation Mediation Under The California Association of REALTORS® Residential Purchase Agreement (“RPA”)

  • March 10th, 2018
  • devinlucas

For information on Mr. Lucas’ services and availability as a mediator for your real estate dispute, please view our mediation services page here. All Mediations are facilitated virtually, via video conference and/or teleconference. To schedule an online, virtual mediation, view our mediation services page. This article is designed to review and provide an overview of […]