Introducing Assembly Bill 12 (AB 12) – Effective July 1, 2024, this legislation will significantly impact the rental landscape in California. Under AB 12, landlords will be restricted in their ability to demand security deposits, with a new cap set at one month’s rent. Learn how these changes may affect Newport Beach and Costa Mesa real estate, and how Lucas Real Estate can help navigate these challenges.
At Lucas Real Estate, we understand the importance of full disclosure in real estate transactions. Whether you’re a buyer or seller, knowing what to disclose and when is crucial to a successful and ethical transaction. In this article, we delve into the intricacies of disclosing prior reports and repairs, shedding light on common misconceptions and … Continue Reading
At Lucas Real Estate, we pride ourselves on being experts in all aspects of real estate, including property taxation. Understanding how taxes affect your property is crucial for making informed decisions as a homeowner or investor. In this blog, we delve into a common yet often misunderstood topic: supplemental property taxes in California.
As residents of vibrant communities like Newport Beach and Costa Mesa, property owners of new construction often encounter additional charges on their tax bills beyond the standard property tax rate. One such fee is the Mello-Roos fee, designed to fund essential public facilities like schools, parks, roads, and libraries. But what exactly are Mello-Roos fees, … Continue Reading
Amidst recent developments in real estate, the California Association of REALTORS® (C.A.R.) has taken proactive measures to address potential confusion surrounding buying and selling homes. As part of this initiative, C.A.R. has published an open letter in prominent California newspapers, including the Los Angeles Times and San Francisco Chronicle. The letter aims to clarify upcoming changes in business practices resulting from antitrust lawsuits, emphasizing transparency and consumer awareness.
At Lucas Real Estate, we’re dedicated to staying at the forefront of industry changes and ensuring our clients understand how these new rules will impact their home buying and selling journey. As the landscape of real estate evolves, we remain committed to guiding buyers and sellers through these transitions with expertise and clarity.
After completing any transaction that involves filing changes of ownership or title with the county, it’s not uncommon to receive a barrage of solicitations in the mail. These solicitations may come in the form of official-looking letters or notices from companies offering services related to your recent transaction.
For 2024, the federal estate tax threshold is $13.61 million for individuals, which means married couples don’t have to pay estate if their estate is worth $27.22 million or less. For 2023, the threshold was $12.92 million for individuals and $25.84 million for married couples.
New Requirements for Buyer Representation Agreements and other pending changes to the industry.
These eight steps will help set you on a path for success for Buying Your First Home.
Summertime is just around the corner! Whether you’re planning backyard barbecues, lounging in the sun, or staying cool indoors, a little proactive summer home preparation can go a long way in ensuring your Newport Beach or Costa Mesa home is ready for the season. At Lucas Real Estate, we are here to provide you with … Continue Reading
Lucas Real Estate
2901 West Coast Highway Suite 200 | Newport Beach | California | 92663-4023
[email protected] | 949.478.1623 office
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Lucas Real Estate, a dynamic full-service residential real estate team led by Devin Lucas, REALTOR®, Real Estate Broker, and Real Estate Attorney, and Courtney Lucas, REALTOR® and CPA, offers unparalleled expertise in Newport Beach and surrounding areas.
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