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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.
The Pennsylvania Real Estate Seller Disclosure Law requires that a seller of residential property provide a signed and dated copy of a property disclosure form, which covers specific topics relating to the condition of the property for a prospective buyer prior to the signing of an agreement of sale.
The simple answer is - no - you do not need an attorney to buy or sell a home in Pennsylvania. There is no legal requirement that an attorney be involved in any stage of the transaction. However, the proper question to be asked is if it would be advisable for you to be represented by an attorney.
Michigan law require a seller to disclose what is personally known about the home, including any imperfections. However, this statement is not a warranty of any kind and should not serve as a substitute for a professional inspection.
The law only requires a seller to disclose information about their property that they actually know. Sellers are not required to disclose problems they arent aware of, and they are not required to perform their own search or inspection to find potential or hidden problems.
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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.
In Michigan, the seller of a residential property has an obligation to disclose certain information to the buyer of the property in what is commonly referred to as a Sellers Disclosure Statement. The Seller Disclosure Act, MCL 565.951, et seq.
Property address: Seller: A seller must disclose to a buyer all known material defects about property being sold that are not readily observable. This disclosure statement is designed to assist the seller in complying with disclosure requirements and to assist the buyer in evaluating the property being considered.
Sold as Is properties typically sell for a discount, but there are no guarantees to the quality of workmanship. The seller does not want to make any renovations before closing; that is the job of the new owner. Buyers need to be cautious and conduct various inspections.
Typically, a seller would make these disclosures on a (TDS). However, if an item is not covered on a TDS, a seller must still make these disclosures about known material defects. In virtually all cases, a buyer will discover any problems once the buyer occupies the property.

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