Attention Northville and Northville Township Home Sellers

Are you exempt for paying the state transfer tax?

Are you planning on selling your Northville or Northville Township MI home? Did you know that a home seller is exempt from the state real estate transfer tax, if all three of the following conditions are met at the time of sale:

• The seller occupies the property as a principal residence and claims a principal residence exemption (PRE).
• The property’s “state equalized value” (SEV) for the calender year of sale is equal to or less than its SEV for the calender year in which the seller purchased the property.
• The sale price is equal to or less than the property’s “true cash value” (TCV) for the calender year of sale (the TCV is twice the amount of the SEV).

Want to find out if you qualify for this tax exemption? Give Holly Hurd a call today at 734-718-5736 or email her at hollyhurd@hotmail.com to find out what your home is worth in today’s market. From there we can help you determine if you qualify and what you need to do to get your home sold in the quickest amount of time for the most amount of money. And be sure to visit my  Northville and Northville Township Real Estate website where you can search for Wayne and Oakland County homes, learn more about local neighborhoods, and browse our great seller services!