Saturday, October 31, 2009

Selling Fremont CA Real Estate--Have you considered the proposition?

In a recent blog post, I wrote about a Proposition 60, 90 and 110 client of ours that was denied the claim to transfer their tax to the replacement home.

In short, the replacement home was too expensive for the transfer. The tax assessor will only allow a certain increase in the replacement properties sales price. It was not even close, but we thought we would try. The comment from my client was, "Well, I had to have this house, so it was not even a question." I agree. The replacement house is a beautiful house in the Niles area of Fremont.

In closing, if you are over 55 or disabled and are selling your home in Fremont or any home in California and Alameda and Contra Costa Counties, look into the Props before you plan your move. That is unless you just, "gotta have that house."
By Jeff Pereyda

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