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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. ...

Where can I find a seller's disclosure statement in Michigan?

The Seller’s Disclosure Statement in Michigan can be found under Michigan Compiled Laws §565.957. However, this is a simple 'yes' or 'no' questionnaire form where the seller marks in appropriate boxes concerning the property’s condition. Things that are not within a seller’s knowledge can be marked as 'unknown'. ...

What is a Michigan real estate disclosure?

Michigan real estate disclosures are important for achieving transparency and enhancing credibility. The Michigan real estate disclosure is governed by the Seller Disclosure Act of 1993. This Act prescribes the Michigan Seller’s Disclosure Statement (SDS), a form that home sellers have to provide to all prospective buyers. ...

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 Michigan seller's disclosure statement (SDS)?

The Michigan Seller’s Disclosure Statement (SDS) is a form that home sellers have to provide to all prospective buyers. It is usually submitted before the closing of the purchase agreement and can be given to a seller’s agent, buyer’s agent, or the buyer itself. ...

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. ...

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