Seller’s Disclosure Statement - eForms

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FAQs about Seller’s Disclosure Statement - eForms Coupon?

Do you need a property disclosure statement in Michigan?

In Michigan, sellers are required to complete a real estate purchase agreement and the following disclosure statement for it to be legally binding: Seller’s Property Disclosure Statement. Michigan sellers must provide a full accounting of the property’s current condition to the buyer. ...

What is a Michigan seller's disclosure statement?

The Michigan Seller’s Disclosure Statement is a standard checklist form containing information about material defects and features of the property. It provides details about the property that may negatively affect the value of the house. ...

Is a disclosure form required in Michigan?

Michigan does not require a disclosure form for the seller to disclose facts like death, paranormal activity on the property, or sex offenders in the area. ...

What is a seller disclosure statement?

Purpose of Statement: This statement is a disclosure of the condition of the property in compliance with the Seller Disclosure Act.This statement is a disclo-sure of the condition and information concerning the property, known by the Seller. ...

Are Michigan home sellers required to comply with the disclosure law?

In some limited circumstances, Michigan home sellers (mostly, ones who never actually lived in the house or who have a family relationship to the new owner) are not required to comply with the disclosure law. These exceptions include: certain transfers of newly constructed residential property that has not been inhabited. ...

How do I report a property to a seller?

Instructions to the Seller: (1) Answer ALL questions. (2) Report known conditions affecting the property. (3) Attach additional pages with your signature if addi-tional space is required. (4) Complete this form yourself. (5) If some items do not apply to your property, check NOT AVAILABLE. If you do not know the facts, check UNKNOWN. ...