Real estate insights: Is now the time to move? Reflecting on the gift of Prop 19

Exciting news for homeowners wanting to buy a smaller home and/or move to a different part of the state!

[SPONSORED POST]

Enacted in California in last November’s election, and scheduled to take effect on April 1st, PROP 19 provides amazing, newly expanded possibilities for moving by allowing homeowners over the age of 55 to

Transfer taxable value (their “tax base”) of their current primary residence to a replacement residence anywhere in the state:

  1. Regardless of the value of your new home (it can be more or less expensive than the home you sell)
  2. Within 2 years of the sale of your current home
  3. Up to 3 times
  4. And you can purchase your new home before your current home is sold

Please contact us for additional info on how this money-saving new law could work for you.

Karen Starr
Office | (510) 339-0400
Cell | (510) 414-6000
Starr@grubbco.com
License ID: 01111458

Brenda Schaefer
Cell | (510) 453-2401
Office | (510) 339-0400
Bschaefer@grubbco.com
License ID: 01896001

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