Mary Wolfe - Real Estate

10/13/2026

If you are buying a home in Plymouth or Northville, or moving between two homes, there is a one page document that can save you thousands of dollars every year.

It is Michigan Form 2368, the Principal Residence Exemption Affidavit. When a home you own and live in is declared your principal residence, it is exempt from up to 18 mills of local school operating taxes. The exemption does not transfer from the seller; you file your own with the city or township assessor, by June 1 for the summer bill or November 1 for the winter bill. On a home with a $300,000 taxable value, missing it costs about $5,400 a year.

Buying your new home before selling the old one? You generally keep one exemption at a time, so the old home can lose its exemption once you move out. Form 4640, a conditional rescission filed with the old home's assessor, can keep the exemption there for up to three years while the home is for sale, empty and not leased. It is filed again every December 31.

Comment HOMESTEAD below and I will send you my Homestead Exemption Checklist. If you are planning a move in Western Wayne or Oakland County, call or text me and let's review your closing timeline so your homestead exemptions stay completely protected.

Mary Wolfe
REALTOR®
Certified Luxury Home Marketing Specialist (CLHMS)
Senior Real Estate Specialist® (SRES®)
Real Estate with Preferred, Realtors Ltd
44644 Ann Arbor Road, Suite A · Plymouth, MI 48170
(734) 787-7092 · wolfeluxuryhomes.com
Serving Plymouth, Plymouth Township, Northville, Northville Township and Canton
Equal Housing Opportunity

General information, not legal or tax advice. Confirm your situation with your assessor.

10/13/2026

If you are buying a home in Plymouth or Northville, or moving between two homes, there is a one page document that can save you thousands of dollars every year.

It is Michigan Form 2368, the Principal Residence Exemption Affidavit. When a home you own and live in is declared your principal residence, it is exempt from up to 18 mills of local school operating taxes. The exemption does not transfer from the seller; you file your own with the city or township assessor, by June 1 for the summer bill or November 1 for the winter bill. On a home with a $300,000 taxable value, missing it costs about $5,400 a year.

Buying your new home before selling the old one? You generally keep one exemption at a time, so the old home can lose its exemption once you move out. Form 4640, a conditional rescission filed with the old home's assessor, can keep the exemption there for up to three years while the home is for sale, empty and not leased. It is filed again every December 31.

Comment HOMESTEAD below and I will send you my Homestead Exemption Checklist. If you are planning a move in Western Wayne or Oakland County, call or text me and let's review your closing timeline so your homestead exemptions stay completely protected.

Mary Wolfe
REALTOR®
Certified Luxury Home Marketing Specialist (CLHMS)
Senior Real Estate Specialist® (SRES®)
Real Estate with Preferred, Realtors Ltd
44644 Ann Arbor Road, Suite A · Plymouth, MI 48170
(734) 787-7092 · wolfeluxuryhomes.com
Serving Plymouth, Plymouth Township, Northville, Northville Township and Canton
Equal Housing Opportunity

General information, not legal or tax advice. Confirm your situation with your assessor.

10/13/2026

🧥❤️ **SHARE THE WARMTH THIS OCTOBER!** ❤️🧣

As temperatures drop, let's come together to help keep our neighbors warm this winter!

**Plymouth Community United Way** is collecting winter essentials for men, women, and children.

🧥 Coats & Sweaters

🧣 Scarves & Gloves

🧤 Beanies & Winter Hats

❤️ Warm Blankets

📍 **DROP-OFF LOCATION:**
Plymouth Community United Way
960 W. Ann Arbor Trail, Suite 2
Plymouth, MI

📅 **Donations accepted throughout October!**

🛍️ **Prefer to shop online?** Check out the Amazon Wish List to donate much-needed essentials!

Every donation, big or small, helps bring warmth and comfort to someone in our community.

**Let's SHARE THE WARMTH, Plymouth!** ❤️

10/13/2026

🎬 Everyone Belongs — A Story of Inclusion, Connection, and Community

FILM TRAILER: https://vimeo.com/bendingriverfilms/parclife

DONATE
https://www.parclifefoundation.org/donate/

An inspiring documentary project is underway in Plymouth, Michigan!
Everyone Belongs is an upcoming 20–25 minute short documentary designed to encourage greater understanding, compassion, and appreciation for individuals with autism.

The film will highlight the meaningful work of Parclife and follow its members as they experience art, music, learning, work, and social connections while building independence and discovering their place in the community.
Plymouth itself will play a special role in the story, showcasing how local businesses, restaurants, organizations, and community members help create a place where everyone feels welcomed and valued.

The project will culminate in a special community luncheon and film screening at Plymouth's historic Penn Theatre.

❤️ Because inclusion is more than belonging somewhere. It's being valued, connected, and given the opportunity to thrive.

This is "Everyone Belongs Trailer" by Bending River Films on Vimeo, the home for high quality videos and the people who love them.

10/13/2026

The Fed is raising the Fed Funds Rate to cool inflation, and that can keep upward pressure on mortgage rates for a while. But you can still make a move that works for you.

It just takes the right strategy.

Buyers need to know their real budget at today's rates. Sellers need a price and plan that fits what buyers can afford right now.

Relief on rates could take some time. If you're thinking about a move, let's put together a game plan built for today's rates, so you'll know your next step.

Tailored Service. Excellent Results.

10/13/2026

Of course, inquire about the interest rate--however, here are some more important things to ask.

Looking at homes for sale can be the fun part of buying a house. The real work comes when you’re pic...

10/12/2026

If you bought your home in Plymouth or Northville 20 years ago for $300,000, and today it is worth $900,000, congratulations on incredible equity growth. If you are getting ready to sell, here is what to know about the tax side.

Under federal law (IRS Section 121), if you have owned and lived in your home for two of the last five years, you can exclude up to $250,000 of profit if you are single, or up to $500,000 if you are married filing jointly. After 20 years of appreciation in our market, many local homeowners have a gain above that line. The part above it is subject to federal capital gains tax plus Michigan's flat 4.25% state income tax.

That is why your records matter. The profit is figured from your cost basis: what you paid, plus the capital improvements you made. Every kitchen remodel, finished basement, new roof and primary suite addition over two decades adds to it, which can shield tens of thousands of dollars from tax. Repairs and upkeep do not count, so keep the receipts, contracts and permits for the projects that do.

Comment EQUITY below and I will send you my Home Equity Audit, with the improvement log and the worksheet. Before you list your longtime home, call or text me and let's complete a Home Equity Audit with your tax advisor, so you know exactly what you will walk away with at the closing table.

Mary Wolfe
REALTOR®
Certified Luxury Home Marketing Specialist (CLHMS)
Seniors Real Estate Specialist® (SRES®)
Real Estate with Preferred, Realtors Ltd
44644 Ann Arbor Road, Suite A · Plymouth, MI 48170
(734) 787-7092 · wolfeluxuryhomes.com
Serving Plymouth, Plymouth Township, Northville, Northville Township and Canton
Equal Housing Opportunity

General information, not tax advice. Confirm your situation with your tax advisor.

10/12/2026

Bought in Plymouth or Northville 20 years ago for $300,000, and it is worth $900,000 today? Congratulations on the equity. Here is what to know before you sell.

If you have owned and lived in your home for two of the last five years, you can exclude up to $250,000 of profit if you are single, or up to $500,000 if you are married filing jointly. Profit above that is subject to federal capital gains tax plus Michigan's 4.25% income tax.

Your records matter. Every kitchen remodel, finished basement, new roof and addition adds to your cost basis.

Comment EQUITY and I will send you my Home Equity Audit.

Mary Wolfe
REALTOR®
Certified Luxury Home Marketing Specialist (CLHMS)
Seniors Real Estate Specialist® (SRES®)
Real Estate with Preferred, Realtors Ltd
44644 Ann Arbor Road, Suite A · Plymouth, MI 48170
(734) 787-7092 · wolfeluxuryhomes.com
Serving Plymouth, Plymouth Township, Northville, Northville Township and Canton
Equal Housing Opportunity

10/12/2026

Did you make a move recently? Make sure you are registered to vote!

New to the City of Plymouth or not registered to vote?
Register online or by mail before October 19! ✅
You can still register after October 19...just come into City Hall with proof of 30-day residency to vote absentee or in-person on Election Day!

10/12/2026

Can you volunteer? Help is needed for food delivery.

Connect surplus food from licensed local businesses with neighbors who need it.