California Proposition 19 for Sellers: Benefits and Pitfalls

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Neil Hunt
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Irina & Jeff Shoket have been our repeat Realtors now for many years, through all our various house purchases & sales in Ventura Co. We have sung their praises each & every time. However this last sale was exceptional as far as their mental/physical efforts went in getting us old folks organized & moved out! To say I recommend them is a gross understatement! Not only do they reveal a talent for anticipating & solving possible problems & weeding them out, but also in their actual physical efforts they go way beyond the norm in getting homes presentable & the move out smoothly accomplished. Cannot thank you enough Irina & Jeff. I gratefully repeat-you are both really incredible. Neil Hunt & Agneta Ekebrand.
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Denise Morris
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We have done numerous transactions with Shoket Properties. Each time our expectations have been met resulting in seamless transactions! Their communication is on point which is key when going thru the stress of a real estate transaction. Highly recommend Jeff and Irina Shoket!
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Enih Phillips
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We were incredibly pleased with the service we received from Shoket Properties, Jeff, and Irina when selling our condo in Westlake Village. We cannot speak highly enough of their exceptional service and expertise throughout the process. We recommend Shoket Properties for anyone trying to buy or sell their home.
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Mimi Hersh
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Choosing Irina and Jeff as my realtors was one of the best decisions I ever made. They were both supportive, caring and knowledgeable, in helping me sell my home and purchase another. Buying and selling at the same time is a stressful process, and they did everything they could to make things proceed smoothly and alleviate my stress. Irina and Jeff were both very efficient in dealing with the paperwork and meeting all the deadlines in a timely manner so that it was smooth sailing for both transactions. I couldn't have asked for a more dedicated duo and highly recommend them to anyone Buying or Selling.
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Richard Rome
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I had the pleasure of working with Jeff and Irina Shoket when they helped sell my partner's home in Calabasas. From the initial consultation to the final closing, Jeff and Irina displayed a level of professionalism and expertise that left us thoroughly impressed. Their dedication to ensuring a seamless and successful home sale was truly exceptional. Throughout the entire process, Jeff and Irina were highly responsive to our needs and concerns. They took the time to understand our unique situation and provided tailored solutions to meet our goals. Their guidance on preparing the property for listing, from staging to minor renovations, was invaluable in maximizing the home's appeal and market value. What stood out most was their marketing strategy. Jeff and Irina's creative approach set our listing apart from others. They leveraged cutting-edge digital marketing techniques, highlighting the property's best features through high-quality photos and videos, and effectively promoted it on various platforms. The result was a significant increase in the number of interested buyers. Jeff and Irina's negotiation skills were also commendable. They expertly navigated through offers and counteroffers, ensuring that we achieved the best possible sale price. Their professionalism and knowledge of the local real estate market were evident during this critical phase of the transaction. In addition to their professionalism, what truly sets Jeff and Irina apart is their personal touch. They maintained clear communication throughout the process, keeping us well-informed at all times. It felt like we were their top priority, and they were genuinely invested in our success. Selling a home can be a stressful and complex endeavor, but Jeff and Irina Shoket made the experience remarkably smooth and successful. Their dedication, industry knowledge, and personalized approach left a lasting impression on us. I wholeheartedly recommend Jeff and Irina to anyone looking for top-tier real estate professionals in the Calabasas area.
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Mukund Halthore
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My wife and I have been working with Irina and Jeff for over 15 years. They have helped us to rent initially and Buy our home. Irina very patiently showed many wonderful properties to our liking, in the areas we preferred and within our budget. Helped us through the process from start to finish. I have recommended them to my friends and family and everyone is extremely happy with their services. I will be using them if I need to buy or sell!
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Suzanna
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Dear Irina and Jeff! We extend our heartfelt gratitude for your exceptional help during our real estate ventures in Thousand Oaks over the past several years. Selling our property there was far from straightforward. However, it was your expert guidance that not only ensured a successful sale but also transformed what seemed like adversity into triumph. Your extensive knowledge and unwavering dedication were truly remarkable. Your commitment to our success didn’t waver, regardless of the obstacles that arose. Having known you both for nearly nine years and having engaged your services for more than one real estate transactions, we can confidently say that you’ve consistently exceeded our expectations. We are delighted to provide this review to support your online presence. For anyone in Thousand Oaks seeking real estate services, your expertise and personalized approach are a cut above the rest. Ira and Jeff, we are eager to endorse your services and contribute to your growing online community. Wishing you continued success and an abundance of satisfied clients in the future.
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pauline boyle
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I met Irina and Jeff many years ago and they helped me sell a couple properties as well as assisted in leasing my properties. What I have always liked about them is their quick responsiveness, professionalism, and their ability to complete a transaction in a timely manner. I will continue to use them for all my future real estate transactions. Thank you Irina and Jeff! … you both are awesome!!
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Joel Freedenberg
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Over the past decade +, I have worked with Shoket Properties (Irina & Jeff) on 6 separate transactions as both a buyer and seller. Every experience has been outstanding. Irina and Jeff work as a husband / wife team. Working with Irina and Jeff is a rare opportunity to truly get two highly experienced and very capable real estate professionals for the price of one (if anyone else makes this claim, ask what role each plays to determine if they are both engaged. Ask if one or both have another full-time job. In this case, they are both 100% dedicated to the client). Irina is most often the agent who will show you properties or show your property. Jeff is most often the one who is doing the footwork behind the scenes (although both are very good at either set of responsibilities). When we were selling properties, Jeff spent hours thoughtfully taking professional photos/processing and creating compelling listings and email marketing. When we were sellers, we were beyond happy with the results. As a seller, they always worked hard to find us the best deal. They were not pushy about accepting offers that didn’t make sense. In fact, we were always impressed at their confidence in selling the property. When they are the listing agent, they are very hard workers. They will get a property listed quickly and run open houses over and over again to drive traffic. They are very good at selling homes. As a buyer, we were always impressed with their patience. This is not the kind of real estate group that tries to push you into making a purchase simply to close a transaction. Irina and Jeff are big picture professionals who want their clients to be happy for the long term. They take the time to really understand the wants and needs of the buyer and work hard to find a match. Another area that sets them apart from most real estate agents is that they have a broker’s license. This means that they are more knowledgeable than most real estate agents. This is a huge advantage to you as a client. Whether buying or selling, we also have found them to be outstanding strategists. I never want to pay too much or sell for too little. Irina & Jeff are adept at figuring out the best approach to negotiating offers. Finally, Irina and Jeff are great people. They are incredibly honest and operate with ethics beyond reproach. I couldn’t be more satisfied from my experiences with Shoket Properties and I highly recommend.
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Czr C
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Attention to detail. Great patience and valuable professional insight. Sincerely dedicated to helping you find the property you are looking for. Second time we go with this team and will do it a third time if and when that point arrives.

Our expert home staging tips cover everything from maximizing your home’s value to avoiding common mistakes that turn buyers away.Contact us today for a free home valuation at (805) 267-9171..!

Photography by: Jeff Shoket

California Proposition 19 for Sellers: Benefits and Pitfalls

Benefits of Proposition 19 for Sellers

California’s Proposition 19, effective April 1, 2021, transforms property tax rules for home sellers. Specifically, it provides tax relief for eligible homeowners but also introduces complexities. California Proposition 19 for Sellers: Benefits and Pitfalls below offers a clear breakdown for those exploring tax base transfers in California. Here are the key benefits:
  • Flexible Tax Base Transfer: For sellers over 55, severely disabled, or affected by natural disasters like wildfires, Proposition 19 allows transferring a low Proposition 13 tax base to a new primary residence anywhere in California, up to three times. Unlike Prop 60/90, this benefit extends beyond county lines, thus enhancing relocation freedom.
  • No Price Cap on Replacement Homes: Moreover, sellers can purchase a pricier home while retaining their tax base, with adjustments for the price difference. For instance, selling a $600,000 home with a $2,200 tax bill and buying a $900,000 home results in a blended tax base, avoiding full reassessment.
  • Increased Market Mobility: Consequently, Prop 19 encourages eligible sellers to downsize or relocate without facing a steep tax increase, thereby freeing up housing for younger buyers or renters.
  • Disaster Relief Support: Additionally, sellers whose homes were destroyed by wildfires or other disasters can transfer their tax base, which eases the financial burden of rebuilding or relocating.

Pitfalls of Proposition 19 for Sellers

  • Complex Eligibility Rules: Both homes must be primary residences, and transactions must close within two years. Therefore, errors in timing or paperwork can disqualify benefits, so consulting a tax advisor is crucial.
  • Higher Taxes on Pricier Homes: Furthermore, buying a more expensive home increases the tax bill due to an upward adjustment, which can be significant in California’s costly housing markets.
  • Limited Eligibility: Only sellers over 55, severely disabled, or disaster victims qualify. Thus, younger homeowners or those not meeting criteria are excluded.
  • Market Competition Risks: By encouraging sales, Prop 19 may raise home prices. As a result, sellers may face challenges competing as buyers in California’s tight real estate market.

Navigate Prop 19 with Confidence

Proposition 19 grants eligible California sellers—those over 55, disabled, or disaster victims—valuable tax relief and flexibility to relocate or downsize. However, its complex rules and market impacts demand careful planning. Therefore, sellers should consult a tax professional to maximize benefits and avoid costly errors.
If you have further questions, Read More…

A Must Watch Video on YouTube: What Homeowners Should Know About Prop 19

(This proposition is very well explained in great detail… a must watch!)

Prop 19 Calculator – by Lawyers Title Company

Conejo Valley Realtors serving: Serving Ventura & LA Counties: Agoura Hills, Calabasas, Camarillo, Lake Sherwood, Malibu, Moorpark, Newbury Park, Oak Park, Ojai, Oxnard, Santa Rosa, Simi Valley, Somis, Thousand Oaks, Westlake Village, Woodland Hills, Wood Ranch, + Ventura

Stunning home staging tips and Shoket Properties’ marketing expertise ensure your home stands out and sells faster. Contact us today for a free home valuation at (805) 267-9171..!

Photography by: Jeff Shoket