SELLER'S DISCLOSURE STATEMENT Page 1 of 2 - Lansing ... 2025

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The Seller's Disclosure Statement for Michigan 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 potential issues like water damage or environmental hazards. 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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When Is a Sellers Disclosure Not Required in Texas? Every rule has exceptionseven in Texas. You dont need a sellers disclosure when you sell or give a house to your kids (such as in a will), your spouse (such as part of a divorce), someone you already co-own the house with, or the government.
Michigan Sellers Disclosure Exemptions Sr. No.Exemption6.The transferee is a spouse or a person in the lineal line of consanguinity7.Transfer arising from a divorce, maintenance or property settlement between spouses8.The transfer is made to or from a government entity6 more rows 13 Feb 2023
Sellers Disclosure Statement: Tips for Sellers and Buyers.

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People also ask

Before selling residential property in Michigan, a seller is required by law to tell the prospective buyer certain things about the propertys physical condition. (This comes from the Michigan Seller Disclosure Act.)
Before selling residential property in Michigan, a seller is required by law to tell the prospective buyer certain things about the propertys physical condition. (This comes from the Michigan Seller Disclosure Act.)
The Michigan Seller Disclosure Act requires the seller (or the sellers agent) to provide a written Sellers Disclosure Statement (SDS) to the prospective buyer (or prospective buyers agent) before execution of a binding purchase agreement for the property.
If the seller intentionally misrepresents or withholds information on the disclosure statement, you may pursue legal action against the seller for fraud or misrepresentation.
The Michigan Seller Disclosure Act requires the seller (or the sellers agent) to provide a written Sellers Disclosure Statement (SDS) to the prospective buyer (or prospective buyers agent) before execution of a binding purchase agreement for the property.

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