"The space in which we live should be for the person we are becoming now, not for the person we were in the past."

- Marie Kondo


Are you ready to move on to a home more reflective of your present lifestyle? Prior to the passage of Proposition 19*, many homeowners were reluctant to sell their home that no longer suited their needs because of the insufferable property tax assessment they would bear. That limitation has now been lifted!

Effective April 1, 2021, an Owner of a primary residence aged 55+, or severely disabled or a victim of wildfire/natural disaster, may:

  • TRANSFER THE TAXABLE VALUE OF THEIR PRIMARY RESIDENCE TO A REPLACEMENT RESIDENCE ANYWHERE IN CALIFORNIA, provided they do so within two years of selling their primary residence.

  • PURCHASE A HOME OF GREATER VALUE WITHOUT INCURRING A SUBSTANTIAL INCREASE IN TAXABLE VALUE. For example, if a senior sold a home with an assessed value of $250,000 for $2 million and purchased a new home for $3 million, the new home's assessed value would be $1.25 million ($250,000 + the $1 million increase in home value). Blending the taxable value of the old home with the new, more expensive home results in a positive property tax savings for the homeowner.

  • ….do so up to three times during their lifetime (one time for victims of wildfire/disaster).

This benefit may be the incentive you've been waiting for to progress to the next phase of your life. Coupled with our historic low interest rates, there could not be a more opportune time. Call me when you are ready to discuss selling your existing home and purchasing one more suitable to your present way of living.

*We advise obtaining guidance from attorneys specializing in Real Property Tax for details on taxation matters directly affecting your unique situation.

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New WORLD CLASS PARTNERSHIP
for Extraordinary Listing Exposure

JamesEdition.com has been added to our arsenal of online syndication partnerships for marketing our luxury properties worldwide. By displaying your home on RobbReport.com, ArchDigest.com, LuxuryEstates.com, FinancialTimes.com, WSJ.com, MansionGlobal.com and hundreds of websites, including the most visited real estate websites in the world, we ensure your listing receives extraordinary exposure with global reach.


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CURRENT MARKET STATISTICS

Stay up-to-date on the current value of your home and your neighborhood by reviewing the statistics I compile each month. This analysis of the present market is required reading for anyone thinking of buying or selling in today's environment.





Reach out to me if you would like a Comparative Market Analysis of your own home. I would be delighted to prepare one for you!


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PROPERTY TAX REMINDER

Second installment due February 1st
(January 1 - June 30 tax period)
Delinquent after April 10
First installment due November 1
(July 1 - December 31 tax period)
Delinquent after December 10th


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WHALE WATCHING!

The majestic gray whales have begun their winter migration down the California coastline! Here are 10 places where you may be able to spot them on their southern sojourn from the arctic Alaskan waters to the warm lagoons of Mexico...





I am here to help you navigate all things real estate. Whether you must purchase a new home, sell your existing one or chart a move across town, state or country, I will ensure your experience is an exceptional one. Through our vast Global Relocation Network, I can connect you with an excellent agent anywhere in the world.

Please reach out whenever I may be of service to you, a family member or friend.


Isabelle V. Laub
Cell: 415.533.2332
isabelle.laub@cbnorcal.com
Your trusted Real Estate Professional
specializing in Marin and San Francisco
When purchasing real estate, be sure to work with an Agent to represent and protect your interests during one of the largest purchases you may ever make. Commission is paid by the Seller, inherently structured and agreed to in the listing contract set forth between the Seller and the Seller's representative, the listing agent.