» Real Estate

Real Property Pitfalls

Real Property Pitfalls

I’m constantly amazed at the number of ways that people can mess up real estate transactions.  Just this past week, two particularly striking examples crossed my desk. The first was an easement agreement prepared by one attorney and reviewed by a… Read More
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The Scams Just Keep on Co…

The Scams Just Keep on Coming

Scams can be big and bold, small and pesky, or anything in between. Here are a couple that probably qualify as small and pesky, yet are of interest because they target us here in Michigan: The Principal Residence Exemption (PRE), which gives Michiga… Read More
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Spot the Difference

Spot the Difference

Real estate transactions are a big part of what we do at Wright Beamer. Lately I’ve noticed an uptick in sales involving commercial properties using residential purchase agreements. Here are a few reasons why it is never a good idea to use a one-si… Read More
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Split Closings: A Rant

Split Closings: A Rant

Disclaimer: If you own or are employed by a title agency, please delete this post and pretend like it never existed. I mean no disrespect. Title companies are wonderful (truly). Does anyone remember the good old days when the buyer had a real estate… Read More
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Title Insurers Are Not Hi…

Title Insurers Are Not High on Marijuana

Because it protects buyers, sellers and lenders alike, title insurance is an integral part of every real estate transaction. While we at Wright Beamer regularly deal in real estate law and are well-versed in the documentation involved, one title insu… Read More
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Making Lemonade

Making Lemonade

I have a client who recently moved from his own home into assisted living.  He’s not likely to return home to live, yet he does not want to sell.  This is not an uncommon situation in my practice.  One of the concerns for my clients who find the… Read More
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Uncle Sam Wants You!

Uncle Sam Wants You!

(To Report Cash Transactions) I once facilitated a closing in which my clients sold a very modest home to a young couple for $10,000.  What made this transaction interesting was that the couple paid for the house with cash, all in small bills.  I s… Read More
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Changes to the Michigan L…

Changes to the Michigan Land Division Act

While a great deal of Michigan has long since been divided and subdivided into “platted” lands for homesites and commercial development, most of the state continues to be made up of land that has never been platted.   The Michigan Land Division… Read More
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You Can Only Have One

You Can Only Have One

Michigan law generally defines your principal residence as the one place you own to which, whenever you leave, you intend to return. As such, your principal residence will be deemed exempt from certain school taxes upon the filing of the requisite … Read More
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Buying or Selling a Home…

Buying or Selling a Home This Summer?

Judging from our workload, real estate sales are very hot at the moment. If you are in the middle of a real estate transaction or a real estate transaction is in your future, here are a few things to keep in mind. We are hearing a lot about the sca… Read More
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