Do YOU Qualify for a STATE TRANSFER TAX REFUND?
According to the application for refund; “To qualify for a refund of the SRETT under “u,” (1) the sellers must qualify for 100% Principal Residence Exemption, (2) the state equalized valuation (SEV) of the property in the year of sale must be equal to or less than the SEV of the property on the date of purchase/date of acquisition, and (3), the property was sold for a price at which a willing buyer and a willing seller would arrive through an arm’s-length negotiation.” There are 5 items that the seller must submit to the state in order to get a determination on their qualification.
Learn more about it HERE
NEW LISTING in Downtown Royal Oak - $450,000
BETTER THAN NEW DOWNTOWN ROYAL OAK HOME WITH PRIVATE, WOODED BACKYARD VIEW! BUILT *COMPLETELY NEW* IN 2012 (NOT REMODELED OR BUILT ON AN OLD FOUNDATION) JUST A SHORT WALK FROM DOWNTOWN ROYAL OAK'S POPULAR RESTAURANTS, FARMERS MARKET, PARKS AND SHOPS. ENJOY ALL OF THE PERKS OF BRAND NEW CONSTRUCTION PLUS GET WINDOW TREATMENTS, LANDSCAPING, DESIGNER FIXTURES/HARDWARE & AVOID HAVING TO PAY TRANSFER TAX! OPEN FLOORPLAN (CHECK OUT THE TOUR!) HAS HARDWOOD FLOORS & HIGH CEILINGS. FIRST FLOOR MUD ROOM AREA IS IDEAL FOR KEEPING THE HOME ORGANIZED. 2ND FLOOR LAUNDRY. NEAT, CLEAN & READY FOR YOU TO MOVE INTO. 2 CAR GARAGE. Click HERE for full listing details.