Articles & News

Thinking about selling your home “For Sale By Owner”?

Selling your house or condominium by yourself (For Sale By Owner-FSBO) can save you thousands of dollars, usually about 6% of the sale price in commissions, but it requires work. Although an experienced real estate agent can be a good marketer of you… Read More
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Categories: Real Estate

Prince’s Death Shows the Importance of Estate Planning

Learning from Prince’s Death: Do your Estate Planning now. Prince did not have an Estate Plan – Here’s Why You should have one. The singer and artist Prince recently died without a will, trust or any other kind of an estate plan to pa… Read More
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Categories: Estate Planning

Backlog of Applications for State Real Estate Transfer Tax (SRETT) Refund

Due to the recent volume of applications for Michigan’s State Real Estate Transfer Tax (SRETT) Refunds, there is currently a 12 to 16 week delay in the processing of the applications by the Michigan Department of Treasury. Nevertheless, the backlog… Read More
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Categories: Real Estate

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

With lower property values due to the housing crisis a few years back, many homeowners are able to take advantage of an exemption contained in the Michigan Transfer Tax Act. Sellers who meet the following three (3) requirements are exempt from paying… Read More
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Categories: Real Estate

10 Questions to Ask When Puchasing a Condominium

All sales contracts for condominiums should include a provision that a buyer’s attorney is to review and approve the condominium association’s documents, including master deed, bylaws, minutes from most recent annual meeting, current financial st… Read More
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Categories: Real Estate

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… Read More
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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… Read More
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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… Read More
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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.… Read More
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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… Read More
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Categories: Real Estate

About Bill

photo of a serious man - Ager Law Office
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… Read More

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