FAMILY TRANSACTIONS, INTRA-FAMILY GIFTING AND SALES, AND PRIVATE PARTY TRANSACTIONS

We can coordinate all aspects of your private transaction via video conference and teleconference.

WARNING — CALIFORNIA PROPOSITION 19 UPENDS THIS ENTIRE PROCESS AND EFFECTIVELY WIPES OUT MANY BENEFITS OF PROPOSITION 58 AND 193 AS OF FEBRUARY 16, 2021.

Strong consideration should be made to a transfer of family real estate on or before February 15, 2021.

Review our article on Proposition 19 and its dire reduction of the family transfer tax benefit here.

Questions? – Paid one-hour consultations are conducted daily and address virtually all questions, options and tax implications and strategies. (Book a consultation here.)

Ready to proceed with a private sale or transfer today? – We facilitate private party and family real estate transactions (sale, gift or a hybrid) on a flat-fee basis depending on the work performed, not the value of the home. Nearly all matters can be handled for a flat fee of $2,500 or less. Contact our office to obtain a quote today (contact info below).

We are experts in California intra-family transactions, family gifting and family sales of real estate, utilizing all aspects of Proposition 13, Proposition 58, Proposition 60, Proposition 90 and Proposition 193 and new Proposition 19 to ensure the lowest tax consequence possible. Review our in-depth article on family transactions here. Equally important, review our in-depth article on Proposition 19 here.

Real Estate – often a family’s largest asset – can be freely transferred, sold, gifted or a hybrid of the two. While there can be significant tax and other financial considerations, the process itself can be accomplished easier than you may think. As part of an estate plan, or in lieu of, many families desire to transfer, via gift, sale or both, property to their children. We can help.

Many clients approach our office because they already have someone to purchase their home – family, friends, neighbors, tenants, etc. – they do not need or want a traditional REALTOR® or commission-based expenses.

We can facilitate all aspects of a family sale, gift or hybrid of the two, a private party sale, such as a sale to tenants, and for sale by owner transactions.

We prepare the purchase agreement, seller disclosures, and all required documentation and can even record title. If applicable, we coordinate inspections, appraisals, due diligence, termite and/or other repairs. If a loan is involved, we work with the lender and a third-party title company (that the lender will require) and coordinate all aspects of the same to ensure a seamless transaction.

TO BEGIN THE PROCESS, our preference is an initial consultation with the key parties to discuss the transaction, review potential tax considerations and an overall plan for the transaction.  Most matters can be fully facilitated thereafter with a flat-fee arrangement (that varies slightly based on time-consumption factors, such as if a loan or homeowners association are involved).

To discuss your private party or family real estate transaction, contact our office. If you are ready to proceed with a consultation, you can book directly by clicking here.

In-Person, Video Conferencing and Teleconferencing 

In-person attendance is always preferential, but extenuating circumstances have altered in-person meetings for the foreseeable future.  While our office intends to remain open we understand some may prefer a video or telephonic meeting.  

If video/telephonic is desired, we will arrange a dial-in number and secure video conference via Zoom or Google Meet.  Zoom and Google Meet are easy.  You will be provided an email with a secure link to your conference.  There is no limit on the number of locations and connections. 

Once documents are prepared and approved, a mobile notary can be dispatched to your location to obtain notary signatures and our office handles all aspects of filings with the applicable county recorder.

Contact by phone or email anytime:

info@lucas-real-estate.com

949-478-1623

Schedule an appointment by clicking here

Family Transactions discussed in depth here