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Residential Real Estate Sales Disclosure Statement - Michigan 2025

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The Michigan Seller's Disclosure Statement is a legal document that outlines the condition of a property being sold, as required by the seller disclosure act. It includes information known by the seller regarding the property's condition, appliances, systems, and any potential issues. The statement emphasizes that it is not a warranty and advises buyers to conduct their own inspections. Sellers must answer all questions truthfully and provide this disclosure to prospective buyers.

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What is a residential property disclosure statement?

A property disclosure statement is an essential document that should be included in any real estate transaction. It can provide an accurate picture of the property and its condition and any potential liabilities that may come along with it. It can also help protect the buyer and seller from legal action.

What do you have to disclose when selling a house 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.

What are the consequences of lying on the seller disclosure?

Legal Repercussions: If a seller is found to have lied on the property condition report, they can be sued for fraud or breach of contract. Legal actions can result in court orders to pay damages or even undo the sale.

How do I access seller disclosure?

You can get the form from a buyers or sellers agent or real estate attorney. While the disclosure form will vary in format, it may contain the following: List of specific issues the homeowner must check off if the home has them.

Do realtors have to disclose death in a house in Michigan?

While some states have specifically addressed whether or not real estate sellers must disclose whether a property is stigmatized (by death, , infectious disease, and so forth), Michigan has not. The disclosure statement instead generally limits disclosures to the physical condition of the property.

What are most seller property disclosures required for?

Sellers are required to disclose property information to the realtor and potential buyers based on state and local laws. A disclosure document details a propertys condition and what might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime.

Which seller must provide a ?

Who is Required to Provide a TDS? Generally, sellers (or transferors) of real property consisting of four or fewer dwelling units. A Mobilehome TDS (MHTDS) is required on the sale of personal property mobile homes and manufactured homes.

Residential Real Estate Sales Disclosure Statement - Michigan 2025

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