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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 various aspects of the property, such as appliances, systems, and any known issues or conditions. 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 potential buyers to avoid termination of purchase agreements.

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Click ‘Get Form’ to open the Residential Real Estate Sales Disclosure Statement in the editor.
Begin by entering the property address, including street, city, and state. This information is crucial for identifying the property in question.
In the 'Seller's Disclosure' section, answer all questions truthfully. Indicate known conditions affecting the property and check 'NOT AVAILABLE' or 'UNKNOWN' where applicable.
For appliances and systems included in the sale, mark whether they are in working order by selecting 'Yes', 'No', 'Unknown', or 'Not Available'.
Proceed to detail any known issues regarding property conditions such as water evidence in basements, insulation types, roof leaks, and more. Use additional sheets if necessary.
Finally, ensure that both seller signatures are present along with dates before saving or sharing the completed document.

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How to avoid capital gains tax when selling a house in Michigan?

Primary residence exemption: If you sell your primary residence, you may be able to exclude up to $250,000 of the gain if youre single, or $500,000 for married couples filing jointly, provided youve lived in the home for at least two of the past five years.

Where can I get a property disclosure statement?

As others have mentioned, ask the listing agent, and in 99% of cases, they will be happy to provide you with a link to the disclosures - unless theres something unusual in them. One important thing to note is that I said listing agent, not the open house agent.

What must be disclosed when selling a house in Michigan?

The seller disclosure statement This form is essentially a checklist that verifies the working condition of all appliances and amenities, and also reviews the history of other structural systems. Any sale of residential property of less than four units is subject to the Seller Disclosure Act.

Which disclosure is the most commonly required in a residential real estate sale?

Most states require home sellers to complete a Sellers Disclosure during the process of selling their home, but those requirements do vary by state. Sellers Disclosure forms are likely given to a seller by their agent to fill out with information that they know about the house from their experience living in it.

What is the Michigan disclosure form?

A Michigan property disclosure statement is a form through which sellers must report the condition of their residential real estate to potential buyers. The items specified may include pending legal cases, unpaid fees, property defects, or damage from flooding or fires.

What are the exemptions to sellers disclosure in Michigan?

Exceptions to Michigans Real Estate Disclosure Requirements transfers to a mortgagee or beneficiary of a deed of trust by a mortgagor or trustor in interest who is in default. certain transfers by a sale under a power of sale or a decree of foreclosure.

Residential Real Estate Sales Disclosure Statement - Michigan 2025

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How to avoid capital gains tax when selling a house in Michigan?

Where can I get a property disclosure statement?

What must be disclosed when selling a house in Michigan?

Which disclosure is the most commonly required in a residential real estate sale?

What is the Michigan disclosure form?

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What are the exemptions to sellers disclosure in Michigan?

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Residential Real Estate Sales Disclosure Statement - Michigan 2025

Here's how it works

How to use or fill out Residential Real Estate Sales Disclosure Statement - Michigan with our platform

Complete this form in 5 minutes or less

Got questions?

How to avoid capital gains tax when selling a house in Michigan?

Where can I get a property disclosure statement?

What must be disclosed when selling a house in Michigan?

Which disclosure is the most commonly required in a residential real estate sale?

What is the Michigan disclosure form?

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People also ask

What are the exemptions to sellers disclosure in Michigan?

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