» Real Estate

Due Diligence: What Should A Homebuyer Know?

“Due diligence” has been defined as “research and analysis that a person or business performs in preparation for a business transaction”. Home buyer due diligence before buying a home is critical because it is one of the most important busine… Read More
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Categories: Real Estate

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

Consider These Questions When Selling Your Home FSBO Selling your home, a 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… Read More
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Categories: Real Estate

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 Purchasing 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. Improperly completing 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 the seller… 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-refund-up… Read More
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Categories: Real Estate

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

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 cause… 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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