Estate sales are often misunderstood. Many people assume they only happen after a death, require a house full of antiques, or must take place during the summer months. In reality, estate sales are far more flexible—and useful—than most people realize. Below are answers to some of the most common questions people ask when considering an estate sale for themselves, a family member, or a client. Are Estate Sales Only for the Summer Months? Not at all. While summer may seem like the obvious season, winter estate sales often perform exceptionally well . Why? There’s simply less competition. During warmer months, estate sales compete with garage sales, rummage sales, and neighborhood events. In winter, buyers who are serious about estate sales have fewer options, which often means higher attendance and stronger results for each sale. How Do I Know If an Estate Sale Is the Right Fit? The right selling method depends on your goals, timeline, and the type of items you’re selling. Some si...
Understanding a PA 116 FDRA Agreement in Michigan (and what it means for value, compensation, and future resale)
A PA 116 FDRA agreement refers to a Farmland Development Rights Agreement (FDRA) created under Public Act 116 of 1974 , Michigan’s Farmland and Open Space Preservation Act (now part of Part 361 of the Natural Resources and Environmental Protection Act ). This is a statewide, voluntary farmland preservation program that allows landowners across Michigan to commit land to agricultural use in exchange for tax benefits and relief from certain special assessments . While PA 116 applies uniformly throughout the state, its real-world impact can feel more pronounced in areas experiencing development pressure—such as parts of Washtenaw County, including Ann Arbor Township. 📌 What Is PA 116 and an FDRA? PA 116 is shorthand for Public Act 116 , Michigan’s long-standing farmland preservation law. An FDRA (Farmland Development Rights Agreement) is the specific, recorded contract between a landowner and the State of Michigan . By signing an FDRA, the landowner agrees to temporarily res...