Welcome to the SoldByCaleb Real Estate Blog, featuring Michigan real estate tips, local market trends, home maintenance guides, and buyer and seller resources. Stay informed with expert insights designed to help you navigate the Michigan housing market with confidence.
Who Pays the Property Taxes When a Michigan Home Sells?
Who pays the property taxes when a Michigan home sells? The answer depends on the Purchase Agreement, the proration method, and the closing date. Learn how it works and try our interactive calculator to see how moving closing by a week can change the numbers.
Michigan Property Tax Uncapping Explained: When Taxes Reset and When They Don't
Buying, inheriting or transferring a Michigan home can affect its taxable value. Learn how property tax uncapping works, when taxes may reset, which transfers may qualify for exemptions, and why buyers should not assume the seller’s current tax bill will become theirs.
Buying Your Next Michigan Home Before Selling? Don't Miss This Property Tax Rule
Buying your next Michigan home before the old one sells? A little known Michigan property tax provision may allow qualifying homeowners to keep the Principal Residence Exemption on their previous home for up to three years while it remains for sale. Here's what move up sellers should know before the November 1 deadline.