Posted by Jack on September 11, 1998 at 10:50:09:
In Reply to: Re: Trading places posted by Christine Baker on September 10, 1998 at 23:14:28:
> Some California Counties have re-assessment exemptions for
> transfers from parents to children as well as a way for
> senior citizens to preserve their low assessments.
> Call your County!
Hey, wait a moment, I never mentioned there was family involved.
How did you know ?
That's a little joke. Yes, the other "interested party" is
my in-laws.
I get it now. We sell our home and buy their's - if we can
afford it. What a simple concept ! And, the house might not
get assessed at the purchase price, because of a family
transfer exemption. The only professional(s) we would need
then would be your basic quality real estate agent(s).
It doesn't need to be nearly as complex as I made it out.
After all, they don't want our house, they want to sell
theirs.
I called our county assessor's office, but had to leave a
message.
Waiting on pins and needles now.
Jack