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Forming an LLC to Hold Real Estate in California

  • July 26, 2023
  • devinlucas

Lucas Real Estate – REALTOR® and Attorney Devin Lucas and REALTOR® and CPA Courtney Lucas – are experts in California LLCs.   Ready to Form an LLC – view on pricing and information here.   Questions? – Paid one-hour confidential legal consultations are conducted daily via Zoom and address virtually all questions, options, tax implications … Continue Reading

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Real Estate Fraud Alert: Scams Are On The Rise Pertaining to Inherited Property, Paid Off Properties and Vacant Properties

  • July 25, 2023
  • devinlucas

This office has seen first-hand a rise in real estate fraud whereby someone simply claims to be the “owner” of a property, obtains a loan against the property, and is off and running with your home’s equity. It’s shockingly easy and not surprisingly, it’s on the rise in California and elsewhere. Inherited properties, paid off … Continue Reading

Transfer on Death Deed

California’s New(ish) Transfer on Death Deed May Be An Ideal Solution For Easy Estate Planning, But Carries a Host of New Requirements for Compliance and Has Limitations

  • July 16, 2023
  • devinlucas

This is an update to our earlier article on the 2016 implication of the Transfer on Death Deed in California.  What is a Transfer on Death Deed Simply put, a Transfer on Death Deed (or “Revokable Transfer on Death Deed” or “TOD”) it is a deed, recorded on your property’s title, that allows for a … Continue Reading

Photo of article in magazine on real estate mediations

Devin Lucas Published in Advocate Magazine For Insight on Residential Real Estate Mediations

  • July 15, 2023
  • devinlucas

Devin Lucas – REALTOR®, Real Estate Attorney, Real Estate Broker, and Principal at Lucas Real Estate – was recently published in the July 2023 edition of the Los Angeles legal magazine, Advocate Magazine, published by Consumer Attorneys Association of Los Angeles, with an article on residential real estate mediation and compliance with the California Association … Continue Reading

Graph of Newport Beach Real Estate sales in June 2023

Newport Beach Monthly Activity Report – All Activity For June 2023

  • July 15, 2023
  • devinlucas

Here is your latest Newport Beach Activity Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact us if you would like more information on the current market

Graph of Costa Mesa Real Estate sales in June 2023

Costa Mesa Monthly Activity Report – All Activity For June 2023

  • July 15, 2023
  • devinlucas

Here is your latest Costa Mesa Market Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact us if you would like more information on the current market.

Map of Eastside Costa Mesa Real Estate sales in June 2023

Eastside Costa Mesa Market Report (July 15, 2023)

  • July 15, 2023
  • devinlucas

This Market Report contains detailed information about properties currently for sale or that have recently sold in Eastside Costa Mesa. This data will help track and assess values and trends in Eastside Costa Mesa. The report is based on current information from the regional Multiple Listing Service. If you need clarification on any of the figures or if you wish to take additional steps toward your property sale or purchase, please let us know. We are happy to help.

legal gavel with the words "new law" in front

New State Law Provides Deferment of Property Tax for Certain Eligible Prop 19 Transfers Awaiting A County Response

  • May 22, 2023
  • devinlucas

California Senate Bill 989 defers property taxes for taxpayers claiming Proposition 19 base year value transfers when the county assessor has not completed its determination of the property’s eligibility for property tax relief under that section. Additionally, the property tax bill must contain information regarding Proposition 19 base year value transfers and potential tax deferment in large counties.

Repeal the Death Tax logo

HJTA announces initiative to “Repeal the Death Tax”

  • May 22, 2023
  • devinlucas

The Howard Jarvis Taxpayers Association will go forward with an initiative to restore the right of parents to transfer their home and limited other property to their children without reassessment to market value.