Who you are dealing with
This website is the licensed real estate practice of Kevin Lucano, REALTOR®, a California real estate licensee with Windermere Signature Properties, serving the Greater Sacramento Region. He represents sellers and buyers in real estate transactions.
Kevin also owns and operates a separate property acquisition business, Lucano Buys Houses, which buys properties directly as a principal. The two businesses are kept apart, and the section below explains how, because that is the fact a visitor is most likely to get wrong.
For the record, these are the identifying details a licensee is required to disclose:
- Kevin Lucano, REALTOR®
- DRE license number 02430847
- Responsible broker: Windermere Signature Properties
- 180 Promenade Cir. Suite 220, Sacramento, CA 95834
- 916-582-4076
- Kevin@CallKevinRE.com
- kevinlucanore.com
A second business, and it is a separate one
Kevin Lucano buys houses directly through Lucano Buys Houses, at lucanobuyshouses.com. In those transactions that business acts as the buyer.
When he is buying as a principal, he is not the seller’s agent, he does not represent the seller, and he is not the seller’s fiduciary. He is on the other side of the transaction.
When he works with you through this website as a REALTOR® with Windermere Signature Properties, the position is the reverse. He is a licensee representing you, and he owes you the duties a licensee owes a client.
The two roles are never the same transaction. A property is either being bought by him as a principal through Lucano Buys Houses, or it is being bought or sold with him as your representative through the brokerage. It is never both at once, and you are never moved from one to the other without being told plainly.
You are not required to consider a direct purchase in order to work with him as your agent, and you are not required to work with him as your agent in order to ask Lucano Buys Houses for a direct purchase offer.
An agency relationship is not created by sending a form
Sending the form or reading this page does not create an agency relationship with Kevin or with Windermere Signature Properties. That happens only under a written agreement that you sign.
Asking what your home is worth does not appoint anyone to sell it, and requesting a valuation is not a listing agreement. You sign a listing agreement, a buyer representation agreement, or neither. That choice is yours, and it can wait.
A valuation is not an appraisal
A comparative market analysis is a licensed agent’s opinion of value based on recent sales, current competition and the condition of your home. It is prepared for marketing purposes and is not an appraisal, which under California law must be prepared by a licensed appraiser. No analysis can promise what a buyer will pay.
A direct purchase number from Lucano Buys Houses is a different thing again. It is a price that business is willing to consider as a buyer, not an opinion of market value, and it is not an appraisal. A direct purchase offer usually reflects the condition of the property, the repairs needed, holding costs, and the risk and cost of reselling it, and it is often lower than a successful listing would bring.
Property condition and required disclosures still apply
Selling as-is does not remove your legal obligations. Under California Civil Code section 1102 and related statutes, a seller of residential property generally must deliver a Real Estate Transfer Disclosure Statement and other required disclosures. You remain responsible for disclosing known material facts about the property. Please complete those disclosures honestly and completely, and ask your own attorney if you are unsure what they require.
Foreclosure situations
The Home Equity Sales Contract Act, California Civil Code sections 1695 through 1695.17, applies when a homeowner whose principal residence is in foreclosure enters an agreement to sell that residence. That law imposes specific requirements, including a written contract in at least 10-point bold type in the language used in the negotiations, particular notices, and a right to cancel within five business days. Those requirements are strict, and violating them can make the contract voidable.
If your property is in foreclosure, tell us immediately, and please speak with a lawyer or a HUD-approved housing counselor before you sign anything. We do not provide foreclosure rescue services, we do not promise to stop a foreclosure, and we do not make credit repair claims. Anyone who tells you that a quick sale will definitely save your home is not being straight with you.
Registered sex offender disclosure
California Civil Code section 2079.10a requires every contract for the sale of residential real property of one to four dwelling units to include the following notice. It is reproduced here in the exact statutory wording. A seller or broker who delivers this notice is not required to provide any additional information about the proximity of registered sex offenders.
Notice: Pursuant to Section 290.46 of the Penal Code, information about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice at www.meganslaw.ca.gov. Depending on an offender’s criminal history, this information will include either the address at which the offender resides or the community of residence and ZIP Code in which the offender resides.
Communications and consent
When you submit a request, you agree that we may contact you by phone, text message, and email about it. We do not send marketing text messages unless we have your written consent for that, and the consent wording you approved is what governs. You can tell us to stop contacting you at any time, by phone, email, or by replying STOP to a text. We honor opt out requests.
We do not make robocalls. We do not sell your phone number to other businesses.
No legal, tax, or financial advice
Nothing on this website, and nothing we say when discussing a property, is legal, tax, accounting, or financial advice. Selling a property can have tax consequences, including consequences that depend on your basis, your residency, and how you use the proceeds. Please consult your own licensed attorney and tax professional about your situation. We are not attorneys and we are not tax advisers.
If you deal with the buying business directly
The rest of this section describes the practices of Lucano Buys Houses, which is a separate business. It is not a description of brokerage services.
Lucano Buys Houses may buy a property itself, or it may bring in a partner, co-investor, or another purchaser to complete the purchase. It may also assign a purchase agreement. Whatever the structure, the price, the terms, who is buying, and who is responsible for costs must be stated in the written agreement you sign. Do not rely on anything said verbally as a substitute for what the contract says. If the specific structure matters to you, ask for it in writing before you sign.
A direct purchase is not your only option
A direct sale is not right for everyone, and it is not the only route. Listing a property on the open market with a licensee often exposes it to more buyers and may produce a higher sale price, in exchange for repairs, preparation, showings, and a longer and less certain timeline. If maximizing price matters more to you than speed or convenience, listing may be the better route.
You are never required to request a direct purchase offer before listing, and you are never required to list with Kevin if you decide not to sell to the buying business.
Verify our license and where to complain
You can check a California real estate license, or file a complaint about a licensee, through the California Department of Real Estate at www.dre.ca.gov.
Any complaint about the licensed service should start with us. Call 916-582-4076 and we will try to resolve it.
Documents prepared by others
Disclaimer: I have not verified and will not verify any of the information contained in documents prepared by others.
Accessibility
If you need any part of this website or these disclosures in another format, call 916-582-4076 and we will work with you.