Did you know that in some states, real estate taxes are paid in “arrears,” and in others, they are paid “in advance”?  When real estate taxes are paid in “arrears,” this results in a significant tax credit from the seller when you purchase a home!  If your State collects real estate taxes “in advance,” this means you owe the seller real estate tax at closing. The difference can mean either less money needed for closing or a lot more!  If you’re not sure how your area’s real estate taxes are paid, let’s talk!  I’m happy to show you how this one little item may affect your purchasing power!