If you are over 55: Sell now, buy later!

Dear William,

I’d like to buy a replacement property using the Proposition 19 rule where I can bring my tax basis with me. The only problem is I don’t have a property to buy yet and I feel like I should sell my house. Can you help?

K.S., Malibu

Dear K.S.,

Buying a replacement property and following the timelines for everything can be very overwhelming. Fortunately, for every single detail, we have the right people to help along the way. One important aspect you should know about Proposition 19 is that you are allowed to sell your property first and still have up to two years to identify your replacement property [if you are over the age of 55].

Call me and lets talk strategy,

William