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. ...

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. ...

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. ...

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 defects must a seller disclose in Michigan?

In Michigan, sellers must disclose any material defects or issues with the property. This includes, but is not limited to: structural defects, plumbing and electrical problems, water damage or flooding issues, pest infestations, and environmental hazards. Legal disputes related to the property are also required to be disclosed. ...