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[Music] do you know what a sellers disclosure statement is if youre buying or selling a house in Michigan you need to know what that is and were going to talk about it next basically what a sellers disclosure statement is is that the sellers are disclosing the condition of the property to the best of their knowledge theyre disclosing any updates theyve done any defects in the property that theyve come across even if theyve made repairs to them they need to disclose for example if the roof is ever leak if their basement has ever flooded if theyve had something updated if they pull permits for something all of that should be on the sellers disclosure statement the Michigan sellers disclosure acts says and if youre selling a residential property between 1 and 4 units youre required to fill out the sellers disclosure statement some purchase agreements have a line item in there that says if the buyer does not receive seller disclosure statements from the seller the buyer Comiket
