Santa Cruz Senior Real Estate Options

Whether your home is paid off or you still have a mortgage, for many senior homeowners the question is- "To sell or not to sell?"

Contact Gregg Camp to get started in Santa Cruz real estate today. Call him at 831-818-7524 for an appointment.Whether you are relocating to Santa Cruz or just looking for a beach home or a house for your UCSC student, family or senior,Gregg can help you find the Santa Cruz home that fits your budget.


To Sell?

For those interested in selling your residence, here are a few important questions to consider-
  • What is the value of my house, condo or mobile home?
  • How long will it take to sell?
  • Can I afford "In-home" care or need to consider moving to a care facility?
For basic information on "Reverse" mortgages, please go to NCHEC: Basic Q & A or contact:

Stephanie Woodward
Woodward O'Connor Mortgage Associates
(831) 479-3303
www.woodwardoconnor.com

To Buy or Move to a Smaller Residence?

BUYING- Many times elder homeowners cannot deal with the cost and maintenance of their home as their mobility decreases. Good solutions for aging homeowners include- buying a smaller home or condo, or moving into a retirement community. There are many good options in Santa Cruz County.

Location? Do you want to live in Santa Cruz County or are you open to  living options in California or even out of state? For some seniors the  weather is a determining factor.

Type of Residence? There are many living options  in the Santa Cruz area  that offer a variety of care services. These residences range from large and active homes to more intimate settings. For those seniors who require advanced care services, there a many quality facilities in California, as well as out of state.

Proposition 60 For Seniors

Proposition 60  allows qualified taxpayers to transfer the assessed value of their original residence to a qualifying replacement dwelling. Without this Section of the code the replacement dwelling would be reappraised at fair market value at the time of transfer. In a sense, this legislation lets older taxpayers downsize without being penalized by higher property tax payments. Click here  for to learn more about Proposition 60.


For more information on Real Estate Options for seniors, contact Gregg Camp, Seniors Real Estate Specialist (SRES) at (831) 464-4423 or by email at gregg@propertyinsantacruz.com