Brentwood Discovery Bay Real Estate Cecily Tippery, Broker

04/29/2022

Celebrating May as "the flower" month, reminding me to stay on the growth path in real estate. See an elegant home with colorful daisies at our open house Sat/Sun April 30th and May 1 at 575 Bartlett Ct, Brentwood CA; drop by for light refreshments from 11 AM to 4 PM

04/05/2022

There is a possible attack on property rights by Sacramento Legislators, Vote No on AB 1771 (Ward)

opposes . This bill taxes homeownership and offers the WRONG solution for California’s housing crisis. [TAG YOUR LEGISLATOR] Please vote No on AB 1771.

The California Association of REALTORS® strongly OPPOSES Assembly Bill 1771, authored by Assemblymember Chris Ward, which attacks private property rights by imposing up to a 25% tax on the gain from selling a home or other real property -- diminishing freedom to move or relocate, housing supply, economic security and opportunity to grow intergenerational wealth for new homebuyers.

Assembly Bill 1771 by Assemblymember Chris Ward attacks property rights with a proposed tax on the sale of a home in the first seven years after purchase. If the home were to be sold within the first three years, the tax would impose a punitive 25% tax. This legislation would result in higher prices due to a reduced supply of homes. AB 1771 will also limit wealth-building opportunities for California’s new and more diverse population of homeowners.

We need to tell our state representatives to reject this legislation.

01/23/2021

I just fell in love with this back yard when i first met my clients at the property. Lovely, shaded, yard, great for gardening (which I am not but it is one of my dreams that will probably never be realized) and useful floor plan with a private office or library (my preference).
Enjoy!

Ready to move in! Most popular floorplan in Spinnaker Ridge, entry with living space on the right, step up to formal dining and then kitchen in rear, down to family room and bedroom and bath. Upstairs is 2nd and primary bedroom, hall bath, 3rd bath with shower, soaking tub and walk-in closet: sittin...

01/20/2021

We have had a lot of questions about Prop 19 and what it means to your future. Please see the info below provided by First American Title/Brentwood, Savannah Jenkins:

The Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act

EXPANDED SPECIAL RULES FOR ELIGIBLE HOMEOWNERS

Effective April 1, 2021: Homeowners 55 years of age and older, severely disabled, or whose property was extensively destroyed by wildfire or other natural disasters may be eligible to transfer the taxable value of their primary residence to a replacement primary residence:

Anywhere in California


Of any value, but with upward adjustments if replacement is of greater value


Purchased or newly constructed within two years of sale


Up to three times (previously one time), but without limitation for properties destroyed by fire


TAXATION OF INHERITED PROPERTY TRANSFERS

Effective February 16, 2021: Prop 19 narrows the rules allowing properties to pass from parent to child and grandparent to grandchild without an increase in the property tax bill. The taxable value can be transferred:

To only those properties used as a primary home or farm by the child or grandchild


If homeowners’ exemption is filed within one year of transfer


If the value of the property is less than $1M over the original tax basis. If the property value, at the time of transfer, is more than $1M over the original tax basis, some upward adjustment in assessed value would occur


If eligible, these changes may affect your title and escrow transaction. Additional forms may be required through escrow if you plan to transfer the current taxable value of your property. Consult your tax advisor, and/or contact your local tax assessor’s office to learn more about Proposition 19’s provisions and eligibility rules.

Want to learn more? Visit www.boe.ca.gov/prop19

Proposition 19 (2020) the Home Protection for Seniors, Severely Disabled, Families, and Victims of Wildfire or Natural Disasters Act. The mission of the State Board of Equalization is to serve the public through fair, effective, and efficient tax administration