What it could cost each month to cash out a co-owner through a structured refinance, based on the numbers you share, not a guess passed around at Thanksgiving.
What the property tax looks like if you qualify for the partial exclusion versus if you don't, calculated from the actual assessed and market values.
Your total housing cost measured against the 36% to 43% DTI range lenders actually use, so "we could just live there" gets a real answer instead of a hope.
If a buyout or moving in doesn't fit your budget, you'll see what would, so you're never stuck without a next step.
Pulls the property value and details from public records automatically. No appraisal needed to start.
Income, existing mortgage, and who's involved. About 3 minutes, and you don't need exact numbers to begin.
A personalized PDF with the buyout math, Prop 19 scenarios, and next steps. Nothing here requires your co-owners to have agreed to anything yet.
A free tool from Scott Stollar, C.A.R. Certified Probate and Trust Specialist, that shows what an inherited home in California actually costs: what it would take to buy out a sibling or co-owner, what moving in would cost against your income, and your Prop 19 tax scenarios. If the numbers don't support a buyout or moving in, it shows you what would work instead. Enter the address and a few details, and get a personalized PDF in about 3 minutes.
It depends on the home's value, any existing mortgage or liens, and how the buyout gets financed, most commonly through a cash-out refinance. The Snapshot estimates your monthly payment and the cash needed, based on your specific numbers.
One co-owner refinances the home into their name alone and pays the others their share of the equity through a cash-out refinance. It has to happen within a specific window to protect any Prop 19 tax benefit, and it usually needs a lender who understands inherited property transactions, not a standard purchase loan.
Often yes, once the real numbers are on the table. Lenders look at your income against the new payment, not just the home's value, and there may be more room than it feels like right now. The Snapshot shows you where you actually stand before you rule anything out.
Yes. If you inherited the home from a parent and want to keep the lower property tax basis, the transfer has to qualify for the Prop 19 parent to child exclusion, and you generally have one year from the transfer date to file. A buyout that isn't structured correctly can trigger a full reassessment, meaning a much higher tax bill for whoever ends up with the house.
That's common, and it's usually not a values problem, it's a numbers problem. Once everyone can see the same real numbers instead of guesses, from the monthly cost of a buyout to what selling would actually put in each person's pocket, most families find their way to a decision that works. That's what the Snapshot is for.
