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 […]

November California Housing Data: Volume up 14%; 11 Strait Months of year-over-year Price Increases; Cash Buyers 32.5% of All Sales; 30-Year Mortgage Down to 3.32%

  • December 14th, 2012
  • devinlucas

November property prices were up 2.1% from October and 19.3% from November 2011, making this past November the 11th straight month of year-over-year increases, according to the real estate information firm DataQuick. Volume was up over 14%, making November the highest month of volume in six years. “More buyers feel confident about their jobs, the […]

Foreclosed Properties Are No Longer the “Deals” They Once Were

  • November 23rd, 2012
  • devinlucas

Orange County, Newport Beach and Costa Mesa Buyers Take note – The days of a foreclosed home being sold for 20 percent or more under market value are all but gone in the Southern California and Orange County marketplaces, especially in ideal locations such as Newport Beach and Costa Mesa.  And with good reason.  Well-priced […]

Short Sales Demystified – Red Flags and Potential Pit Falls

  • November 9th, 2012
  • devinlucas

A short sale property listing – a property being listed, and potentially sold, for less than the current mortgage/debt, by agreement of the owner and lender(s) – can be a wonderful opportunity for the right, and very patient, buyer.  However, potential buyers beware, as short sales can have massive problems, pit falls, delays and be […]

Renters Beware – Scam “Leasing” Of Foreclosed Properties Is On The Rise

  • October 26th, 2012
  • devinlucas

Renters beware.  A new rental scam is on the rise as foreclosures continue to flood the marketplace… rental properties being “leased” by sham “landlords” with no connection, whatsoever, to the property!  You, the renter, find a great rental property – perhaps on-line or driving by – you fill out your applications, pay a deposit, maybe even […]

Save Water, Save Money, Upgrade Your Home, All For Free – The Weather-Based Irrigation Control Rebate Program From The Municipal Water District of Orange County

  • October 16th, 2012
  • devinlucas

There are many energy-efficient rebate programs still out there.  While Congress let lapse a key federal tax rebate for all kinds of great energy-efficient upgrades, there are still many programs remaining that homeowners, landlords and businesses should jump on. One of the best programs (because it’s completely free for single-family residences), is to upgrade to a Weather-Based Irrigation […]