Don’t Miss Out On This Tax Refund

There are many great Metro-Detroit area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Valuation so you know what buyers will pay for your home in today's market. You may also call me at 248-886-4450 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hot Off The Press!!! The State of Michigan recently announced that if you have sold a home in the last four years; you are are eligible for a 75% rebate on the transfer tax that was required at the time.

Currently, we have discovered 217 refunds for our past clients that total up to $226,837 in refunds! The best news for you, is that we are not done yet. Don't worry if we have not contacted you yet, we're still working hard for you. 

We would love to help your friends and family with this as well, if you know of anyone who has sold a home in the last four years, please let us know (248) 886-4450. The Perna Team would be happy to research on their behalf. We will also prepare any necessary documentation you need which usually includes 6 documents going to 4 different places. Luckily, this all will be done for you. Call today or fill out the form so you can get paid (248) 886-4450.

We would love to hear some success storied from people who have received their refunds. Reach out if you believe you might qualify for this refund.

What's the Secret to Paying Lower Taxes on Your Michigan Home in 2016?

There are many great Metro-Detroit area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Valuation so you know what buyers will pay for your home in today's market. You may also call me at 248-886-4450 for a FREE home buying or selling consultation to answer any of your real estate questions.

Happy New Year, everybody! The holidays are over, which means we are back to business as usual. For the Perna Team, business looks like trying to bring as much value to our clients as possible.

The start of the new year also means that tax season is near. You have your one and only opportunity to fight your taxes coming up sometime in the next 30 to 45 days, depending on which municipality you're in.

When you get your tax bill in the mail, you'll see your new Taxable Value and your new State Equalized Value. If you flip to the back or go to the second page, depending on the city, you will see the phone numbers, the days, and the times you can use to reach the people you need to in order to fight your taxes.

To make this a success, what should you bring with you? First, you need to bring a letter with you that states that you're fighting your taxes. We have a pre-made copy of that letter we would love to share with you. Just give us a call or shoot us an email at any time. In addition to that document, the city assessor's office is also going to be looking for three very specific comparable properties. There are a lot of criteria they go off of; for instance, they will not accept bank-owned properties, appraisals, short sales, or distressed sales to determine the value of your property.

The Perna Team knows exactly what you need in order to successfully fight your taxes, so don't hesitate to reach out to us for help. We'll get you the three comparable you need to give you the best chance at getting your taxes lowered in 2016.

We would love to help you save money this year!

What Recent Interest Rate Hikes Mean for Buyers and Sellers

There are many great Metro-Detroit area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Valuation so you know what buyers will pay for your home in today's market. You may also call me at (248) 425-5082 for a FREE home buying or selling consultation to answer any of your real estate questions.

The new year introduces a new set of real estate rules. What will 2016 bring us? We can definitely count on seeing some interest rate hikes. If you're thinking of buying or selling a home in the next six to twelve months, these interest rates will have a direct affect on you.

Janet Yellen from the Fed said:

In the policy statement issued after its October meeting, FOMC reaffirmed its judgement that it would be appropriate to increase the target range for the federal funds rate when we had seen some further improvement in the labor market, and were reasonably confident that inflation would move back to the committee's 2% objective over the medium term.

Because of low unemployment rates and a healthier economy, the Fed has been able to raise interest rates for the first time in nine years. Right now rates are at 3.9%, but they will rise to 4.5% soon. Most economists think that over the next ninety days, interest rates will crest 5% for the first time in years.

If you're looking to sell a home, know that your buyer has a 4% rate locked in right now. You have the next thirty days to get your home on the market. You will see a lot of buyers coming into the market before the spring seller season begins, which is fantastic for you. You will have a better pool of buyers who have more purchasing power and, with fewer properties available, less competition on the market.

Also as a seller, you may have also seen your home value go up, but in the next ninety days, as interest rates increase, your home will drop back down in value.

If you're a buyer, this interest rate increase means that in ninety days, your monthly mortgage payment will go up $150 a month on average, and $1,800 a year. In order to afford the same home you're looking at now in 90 days, you will need to make $6,000 more per year. The likelihood of anyone getting a $6,000 raise in the next couple months is unlikely, so most buyers will have to look at lower priced homes.

What does this mean for you now? Buyers: take advantage of low rates. Sellers: take advantage of these motivated, quality buyers who have locked in a 4% rate.

If you have any questions about today's video, give me a call or send me an email. I would be happy to help you!