California's Proposition 19, goes into effect on April 1, 2021, offering many protections to California home owners. If you are a California homeowner or investor, could you take advantage of the new benefits provided under this new law? Today's Five Minute Friday offers a quick summary of what Prop 19 is all about.
1. Senior citizens often live in homes that are no longer a fit because it may be too large or far away from loved ones or medical providers.
2. Severely disabled individuals might live in a residence that is no longer safe or suitable.
3. California wildfire victims, possibly losing everything if their home was destroyed, could have property tax hikes if they desire to move to a new home.
Because of these new advantages and if you meet any of the criteria above, this might be the time to selling your California home, even if it is a rental home or a vacation home.
Have a listen to learn more about Proposition 19. If you are interested in taking advantage of Proposition 19 by selling your rental home or buying an investment property, our real estate sales division can help!
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Property Manager in San Diego
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