House flipping hits lowest level since 2000Only 2.7% of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000.Per a report fromATTOM, a
Nov 2 2019 38376 2
Dated: November 2 2019
Views: 113
Transfer Your Low Property Tax Rate to Your New Purchase
Proposition 60/90 or called the “Empty Nest Act” was enacted on July 23, 1987 and provided that persons who are over 55 years of age may buy a new home of equal or lesser value and transfer their “base year” taxes to the new home. This meant that after the kids move out, Mom and Dad could downsize and not be penalized by having to pay property taxes on the current value on their new home purchase.
The home must be in the same County (prop 60) or anywhere in the State of California (prop90). Some rules apply. Counties accepting the Prop 90 are Alameda, Kern, Los Angeles, Marin, Modoc, Monterey, Orange, San Diego, San Mateo, Santa Clara and Ventura. For more information, call Jack Lees at 818 262-0924. I’m here to help!
Latest Blog Posts
Top 10 Issues Affecting Real Estate in 2021Remote work and mobility are expected to have the most significant impact on real estate over the next year, according to The Counselors of Real’
7 Ways to Get That Downpayment: Watch my video HEREBuying a home has always been a dream. If you’re a first time home buyer, an FHA loan may be your best bet only having
10 Mistakes Homeowners are making Around the House1. Using Traditional Light bulbsIf you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on
Based on information from California Regional Multiple Listing Service, Inc. as of August 2, 2021 6:31 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
