Selling Your Home in 2013? Don't Leave Trash Money on the Table
Are you selling your Gwinnett home in 2013? Real Estate Closings can be overwhelming and confusing, due to the sheer number of factors the come into play. It’s all too easy to leave money on the table unnecessarily. One thing most Gwinnett residents don’t know, and many closing attorneys, realtors and other industry professionals don’t know, either, is that Gwinnett County collects for trash service in advance.
When you paid your 2012 Gwinnett County tax bill, you paid a base amount for the property taxes for 2012, but you pre-paid the trash collection for 2013. It’s listed on the tax bill as Solid Waste Service Fee and for residential properties, it was $223.80. The bill does not specifically state that this payment covered 2013 service, so it is easy to understand why this is such a little-known fact. A quick call to the Tax Commissioner's Office will confirm it, though.
What does that mean to you? When you close your home this year, make sure the closing attorney properly prorates so that the buyer is reimbursing the seller for the remainder of 2013, because if your paid your 2012 tax bill, the 2013 trash bill has already been paid. You are entitled to have this prorated properly.
Don’t leave money on the table at closing. If you have any questions about this or other real estate closing matters, please email me at email@example.com.