Forest Hill, VA Real Estate News

By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
When we are at the closing table everything comes to a conclusion. It is usually the end of a long journey for both the buyer and the seller and everyone is anxious to get matters settled and move on. One thing that can be a question is whether the property taxes have been paid and are up to date.   On the surface this seems a simple enough matter but on rare occasions there can be some confusion and it is possible that the taxes end up being paid by both parties. How does this occur? Well, normally the taxes are prorated and of course the buyer(s) are only responsible for paying the house taxes that begin on the closing date, when they actually become the new owners. There are times when a closing occurs around the same time that taxes are due and this can result in uncertainty as to ...
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By Lane Midgett
(1776 Real Estate Group Richmond, VA Local Expert )
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