Michigan Principal Residence Exemption

A significant part of any move, relocation, addition of 2nd home, or estate plan involves taxes; income taxes & property taxes for starters. Hence, below is a primer how to not accidentally double your property tax bill, or conversely, overpay if not need be. Definitions: Principle residence: Plan to return after ‘short absences’. Assessor will … More Michigan Principal Residence Exemption

New tax law – new strategies.

Standard deduction – way up. Itemized deductions – far less valuable. Misc employee exps – gone. State/local & property taxes capped at $10k total. Planning point: move expenses to other places or eliminate them because they have less/no value. LLC’s, S-Corps, Partnerships enjoy new 20% deduction. Planning point: How you hold your property investments can … More New tax law – new strategies.

‘Pocket Listings’ Who loves `em/ who hates `em & why?

Isn’t everything done best via the MLS? Lets look. Meet & Discuss Further <|> Share Your Buy Wish List Loves `em: Often seller(s) who want a highly controlled, minimally invasive, & best outcome approach to the selling process… a “rifle style”. The agent/broker who wants to take the time, target the marketing, minimize interference without … More ‘Pocket Listings’ Who loves `em/ who hates `em & why?

‘Short Sale’

Short sale? – buyers beware!! Meet & Discuss Further <|> Share Your Wish List easy, quick, predictable, a sure possibility of condition of property or title history, etc. NOT  In fact, here are some excerpts from a disclosure for buyers. I think it says it best: ‘…. If you will be frustrated beyond the savings … More ‘Short Sale’