Ask the Real Estate Guy!

Got a real estate question? Let our local real estate expert, Jack Lane, answer it!

Question		Category
Regarding property taxes: Homestead is your primary residence and non homestead is your second home. How do you calculate your taxes if you are a non-Michigan resident? Is there additional property taxes?	View Answer	disclosures
Explain the homestead vs. non-homestead clause?	View Answer	Disclosures
What is the difference between a site condo and a condo and what are your thoughts about ownership of either of these?	View Answer	New Homes
Who should pay for the title insurance at the closing table?	View Answer	Contracts
What are the closing costs for a Seller?	View Answer	Sellers
If the roof leaks one week after I move in, what are my options?	View Answer	Inspections
I have four brothers and a sister. We inherited our mother's cottage on Lake Charlevoix. Four of us want to keep it, but two of my brothers want to be bought out. What's the fair way to do this?	View Answer	Baby Boomer Issues
If I know a home sold for a particular price 5,6,7 years ago, how much less would the price be now? Looking for a rule of thumb percentage?	View Answer	Negotiating