Man using calculator

Understanding Your Property Tax Bill: Navigating Mello-Roos Fees

  • May 10, 2024
  • devinlucas

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

California Association of REALTORS® logo

California Association of REALTORS® Open Letter in 39 California Newspapers

  • May 6, 2024
  • devinlucas

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.

sign that says "no junk mail" on a door

Beware of Solicitations After Property Transactions

  • May 3, 2024
  • devinlucas

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.

judicial gavel

FAQ Regarding the National Association of REALTORS® Class-Action Lawsuit Settlement: Impact on Commissions and Home Sale Process

  • April 15, 2024
  • devinlucas

The California Association of REALTORS® (C.A.R.) has received many questions about the National Association of REALTORS® (NAR) proposed settlement of the antitrust class action lawsuits brought related to broker compensation. The settlement is subject to final court approval; however, because the release of claims extends through the date of class notice, NAR will be putting … Continue Reading

nice home with green grass and bushes and pristine landscape

Why Spring Is the Best Time To Sell Your Home

  • March 28, 2024
  • devinlucas

It is a cliche’… for a reason. As winter ends, a burst of activity takes over the property market and potential buyers come calling, especially those seeking a coastal lifestyle in Newport Beach, Laguna Beach, Costa Mesa or other parts of Orange County. During this time, the housing market can also just look more appealing, accented with … Continue Reading

roses with home in the background

Why Spring Is the Best Time to Buy a Home

  • March 28, 2024
  • devinlucas

Cliche’ or fact?

Spring is widely recognized as the best time to buy a home, and it’s not hard to see why, especially in our local markets of Newport Beach, Laguna Beach, Costa Mesa and coastal Orange County.

The season is all about fresh starts and new beginnings, which feels just right when you’re about to make a big decision like purchasing a new home. Learn why now could be the right time to find the perfect place to call your own.

infographic showing Grant Deed vs Quitclaim Deed information

Grant Deed versus a Quitclaim Deed

  • March 28, 2024
  • devinlucas

From our friends at Lawyer’s Title, a great infographic on the differences between a Grant Deed and a Quitclaim Deed. This question often comes up, especially in many of our family transactions involving gifts or inheritance or selling below fair market value here in Newport Beach, Costa Mesa or anywhere in the state of California. (other … Continue Reading

couple in kitchen reviewing info on laptop

Navigating Open House Tours: A Home Buyer’s Guide

  • March 28, 2024
  • devinlucas

Open house tours are a crucial part of the buying process, giving you the chance to explore your options and envision your future in a new home. To make the most of your property visit, come prepared by following these important steps.