Many times, life happens and our kids have to move to another area for work — and then, of course, they get married and have kids of their own. And just where does that leave the grandparents? Most likely just visiting for holidays and missing a lot of their grandkids’ lives. That is no way to live — after all, those grandkids are the payoff for all the hard work of raising their own kids … right? To some, being a family means living close by. Is moving an option? Possibly, but what if you have a Prop 13 tax basis on your home? Would you be able to afford higher property taxes on a comparable home?
Prop 60 or Prop 90 could help keep your tax basis the same. If either spouse is over age 55, Prop 60 allows replacement of a primary residence with a new home of equal or lesser value within the same county. Prop 90 allows counties to elect to accept transfers of Prop 13 values for moves from other counties when a primary residence is replaced with a less expensive home.
So maybe it is possible to make the move! Keeping the same tax basis and living near the grandkids is a dream come true — CALL US TODAY and we can provide more information regarding Prop 60/90.
OK — after a lot of consideration the decision has been made: LET’S SELL! The next step is to let us help you sell your home. We have many qualified buyers who are waiting for a special home to purchase. Our new buyer’s agent, George Robinson, has been hard at work qualifying buyers and getting them ready to purchase a new home. We have great resources for helping grandparents get through the hassle of getting their home ready to sell. From painters, packers, planters, and pest control — we have everything necessary to make your sale smooth and stress free. Just ask our many clients who have said things like, “Our house sold in four days for more than we thought possible. Now we live in a brand new home near our grandson and have a nice retirement base that provides us confidence about our future. Call Gigi — she will make your sale easy!” — Paul and Sue Lindvay.
Or our clients Carol and Ed Dougherty, who said, “We wanted to move closer to our kids — we kept putting it off. We didn’t feel market conditions were good enough and we worried about our house passing inspection. We called Gigi and her team and they helped us fix a few things, declutter, and get our house ready for sale. We had multiple offers on the first day! We live in a new home, kept our Prop 13 tax basis, and see our six grandkids every week. We wonder why we waited so long to call her.”
What do you have to lose? Don’t wait another second … give us a call to ask all the questions you might have about the housing market in your neighborhood and what your home may be worth. You will be glad you did! Call Santoro and Sons Real Estate today at (818) 237-5687.
A native Californian born in Toluca Lake, Bridget Bacon grew up having vast Real Estate knowledge as her father was a leading Real Estate Executive and owner of Ramsey-Shilling Associates.
After school and a successful modeling career working with well-known designers, her focus changed to Real Estate in 1980 when she joined the firm of Ramsey-Shilling Associates.
A well-respected professional in the Real Estate community, and a consistent multi-million dollar producer, Bridget has been a recipient of numerous company awards. A longtime member in good standing of the National Association of Realtors, the California Association of Realtors, and the Southland Association of Realtors, her knowledge of the Real Estate market enables her to serve a diverse clientele from first-time buyers to celebrities.
Bridget’s experience allows her to help you purchase and sell properties from condos to lovely estate sized homes, as well as investment and commercial properties.
She would be pleased to assist you with any of your Real Estate needs. Call Bridget at (818) 515-7944.