Posts

Top 10 Mistakes When Selling or Buying a Home

1. Failing to properly complete a Seller’s Disclosure Statement. There are many cases where a seller does not properly disclose information about the property on a Seller’s Disclosure Statement. This can lead to a buyer making a claim against th…
Categories: Real Estate

New Property Tax “Uncapping” Exemption Will Help Keep Your Home, Vacation Property or Cottage in the Family

Michigan has a new law, Public Act 310 of 2014, which has expanded the transfer of residential property to and from certain family members, trusts and probate estates, without causing the taxable value of the property to be “uncapped”. This is gr…

Are you entitled to a State Real Estate Transfer Tax (SRETT) Refund?

NOTICE! LEGAL INFORMATION IN THIS ARTICLE IS OUT OF DATE DUE TO RECENT CHANGES IN THE LAW.  PLEASE READ OUR UPDATED ARTICLE HERE:  https://www.agerlawoffice.com/real-estate/2015/09/29/are-you-entitled-to-a-state-real-estate-transfer-tax-srett-refun…
Categories: Real Estate

10 Reasons to Update your Will or Trust.

1. Birth or adoption of a child or grandchild. 2. Marriage or divorce involving yourself or children. 3. Children have reached the age of eighteen. 4. You have started a business. 5. A substantial increase or decrease in the value of your estate. 6.…
Categories: Estate Planning

Land Contracts Becoming More Popular

With the recent economic developments and tightening of credit, Buyers who have income but a low credit score due to a short sale, bankruptcy, medical bills, and other financial issues now find themselves dealing directly with the owner of property w…
Categories: Real Estate

New Court Case: Landlords must make reasonable efforts to contact police when criminal activity is occurring in common areas of rental property.

On July 30, 2013, the Michigan Supreme Court ruled in the case of Bailey v Schaaf, that Landlords have a duty to make reasonable efforts to contact police when they know about criminal acts occurring in common areas of rental property which may caus…
Categories: Real Estate

Avoid Problems and Update Your Durable Power of Attorney for Finances

If your current durable power of attorney does not meet the new requirements of a new law that went into effect in May of 2012, (MCL 700.5501), you should consider contacting an attorney to draft a new one. The new requirements include: a durable po…
Categories: Estate Planning

NEW MICHIGAN LAW FOR TRANSFERRING RESIDENTIAL PROPERTY WITHOUT UNCAPPING PROPERTY TAX

On December 31, 2013 a new Michigan law, MCL 211.27a(7)(s), took effect which allows for a transfer of residential property between relatives of the 1st degree without uncapping property tax values. The new law is essentially an exemption to what con…
Categories: Real Estate

About Bill

Bill Ager's Profile Image
Born and raised in Ann Arbor, Michigan, Bill Ager graduated from the University of Michigan and then served in the U.S. Army. He graduated from the Defense Language Institute and worked at the Army’s Freedom of Information Center in Washington…

For More Information

Fill out our online form
closeClose