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Prop 19 passed in California, which allows you to sell your home and carry over your property tax to the home you're buying. Is this a factor in today's market?
Last Liked - 17 days ago by TodayWeBuy
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Prop 19, Zillow Estimates, LLC I think overall Zillow estimates are fairly accurate. Zillow isn't going to know if the property has a million dollar view or the condition of the home. Estimates are just estimates anyways and can vary based on who is doing the onsite assessments.
If a property hasn't sold in a long time, the estimates tend to be lower than actual. If ...
Prop 19 With Prop 19, you seem to have two choices:
1. Do nothing. Pay significantly higher property taxes on any inherited property, but get the step up in cost basis for properties.
2. Transfer property before Feb. 12 to keep property taxes but if you sell, pay step up in cost basis taxes of 30% (20% Federal, 9.3% ...
Proposition 19 REAL DEADLINE is February 12, 2021. The Proposition 19 deadline says it starts on February 16, 2021, but the REAL DEADLINE is February 12, 2021. Feb. 13 and 14 are Saturday and Sunday, and Monday is Feb 15th President's Day and the BoE is off. Tuesday Prop 19 goes into effect. So if you are attempting to do any transfers before the deadline, your schedule just lost 3 days!
California Proposition 19 Deadlines: 12/31/2020 and 2/16/2021 Prop 15 got all the attention in California, but Prop 19 will have a major impact.
The California Realtors Association spent $35M and others added $15M to get this proposition passed while the opposition spent only $45K. For Realtors, it means more business, more sales, more commissions because even if a child wants to move back into ...
Homebuyers can take steps to entice sellers Both sides can take advantage of hot market.
Follow the URL below to read this article by Jessica Menton and Charisse Jones from USA Today. I found it beneficial.
Private Mortgage Insurance: One Strategy That Can Benefit You! If you can't come up with 20% down on a home (and who can now a days), you'll pay Private Mortgage Insurance (PMI). PMI ends when you have 20% equity in your home.
One strategy is to buy a fixer upper and when extra money becomes available, make improvements to the property such that the home appraises at a higher value. This allows you ...
SB 1120 - Ends Single Family Zoning Throughout California What's your view on SB 1120 now being considered by California Assembly?
SB 1120 would allow any home in California to be converted into a duplex or allow up to 4 homes where a single home exists today anywhere in California.
While the goal is to add additional and more affordable housing, which we agree with, this is not the ...
1 Comment - 7 months ago by TodayWeBuy
Update to SB 1120: This bill died in the final three minutes of the California Senate. TodayWeBuy · 7M OpenHouseOn.com LLC, Camarillo, CA · DRE 12345678
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