» Real Estate

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

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

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

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

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

(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

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

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