THE ART OF THE DOWNSIZE CHECKLIST SERIES

 

CHAPTER TWO: Proposition 19

The very thought of downsizing may be overwhelming, but your vision of the end result is what has brought you here. In this series we’re covering the six important steps or chapters in this case to go through as you navigate the process. If you’ve missed a step or want to skip ahead, just head to our online Downsizing Headquarters to get what you need. This includes our downloadable The Art of the Downsize workbook that walks you through all the little details to consider and have as part of your process to make your downsizing that much easier.

In this episode, we cover the game changer that is California's Prop 19. It continues to be a well kept secret since its April 2021 introduction. Basically, Prop 19 allows you to keep that lower tax basis you might already have from being in your home for potentially multiple decades and take it anywhere within Santa Cruz County or anywhere else throughout the State of CA. Basically, if you or your co-owner are 55 and over or you have a homeowner with certain disabilities, you’re a military veteran, or you're a victim of recent wildfires or natural disasters, you will likely now qualify for this awesome opportunity. 

 

As a specialist on Proposition 19, I’m here to answer all your questions, so feel free to reach out via email, text or phone and we’ll get you the details you need as there are some intricacies to dive into that may even be able to open up additional opportunity.

 

We hope you enjoyed this overview of the series we’ve developed for anyone considering a future downsize. Have you checked out our library of resources, including our READY TO Sell program allowing 0% financing for 12 months to fix up bathrooms, your roof, landscaping and so much more so you can sell your home at top value. Plus, our Mortgage & Home Value Calculators will help you crunch your numbers.

 

Don’t forget to sign up for our e-newsletter so you don’t miss out on all our news, trends and market information to keep you in the know too as it’s released each week. Our Vlog Bio or EFHomes.com/blog has all the resources we’ve mentioned waiting for you.

 

Thank you for letting us be your real estate resource!

-Erick Fernandez