Are You Ready to Take Advantage of a Vacation Home Opportunity?
In today's economic environment, there are many opportunities to purchase a lake home or vacation property throughout Michigan at prices that are an outstanding value compared to just a few years ago. If you are considering investing in a second home, there are many legal issues that are important to understand about taxes, seasonal home owners associations, joint ownership and property management.
Galloway and Collens, PLLC, is a leading real estate law firm serving individual and corporate vacation home investors throughout southeastern Michigan. Before you make the investment of a lifetime, talk to real estate lawyer T. Scott Galloway about what you need to know about:
- How to put your vacation property into an LLC: Setting up ownership as part of a limited liability company of extended family members can help protect yourself from personal liability, provide clear rules for use and maintenance of the property, while ensuring the property can stay in your family for generations.
- How to negotiate the best purchase agreement: There are often ways to negotiate a better deal for you, even when the seller is demanding an inflated price for the property.
- Bank-owned properties: Don't expect the bank to just give away the foreclosed vacation property. We can help negotiate the best sale price.
- Managing and use of your vacation property: The right real estate attorney can help you avoid the legal pitfalls and disputes that often lead to litigation between neighboring property owners and local communities. We can help you understand your options for renting your property and maximizing your investment.
We offer a full range of real estate services for individuals, families, and investors seeking to take advantage of the buying opportunities for vacation and recreational property throughout Michigan.
Contact us to arrange a free consultation. Our offices are located in Huntington Woods and represent real estate buyers and sellers throughout southeastern Michigan.
