Please read the excerpt form House Bill 1001 below.
I offer the following caveat.
When buying an income property, seller second home, or any other property that is not homesteaded, remember that a homestead application will be done automatically whenever the property closes. The Buyer's taxes due will decrease. The pro-rated taxes will have to be adjusted. Make certain that you have this adjustment in writing and make sure everyone is clear on how over-charges or over-payments are to be disbursed.
Everyone in the transaction should be clear about this. That is one of the reasons you want to work with me or other competent Brokers. We are here for you!
Call me!
317-698-5675
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