Michigan Real-estate Seller Disclosure Form 565-957 2025

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  1. Click ‘Get Form’ to open the Michigan Real-estate Seller Disclosure Form 565-957 in our editor.
  2. Begin by entering the property address, including street, city, and state. This information is crucial for identifying the property in question.
  3. Proceed to the 'Seller's Disclosure' section. Here, you will disclose any known conditions affecting the property. Be thorough and honest, as this protects both you and potential buyers.
  4. In the 'Appliances/Systems/Services' section, indicate whether each item is in working order by checking 'Yes', 'No', 'Unknown', or 'Not Available'. This provides clarity on what is included in the sale.
  5. Continue through sections regarding property conditions and improvements. Answer all questions accurately; if unsure about a fact, select 'UNKNOWN'.
  6. Finally, review your entries for accuracy before signing. Once completed, save your document directly from our platform for easy sharing with agents or buyers.

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Consequences of Lying on the Seller Disclosure Not doing so can lead to legal consequences such as compensatory and punitive damages. Sellers who misrepresent or fail to disclose critical information may be sued by buyers seeking to recoup their financial losses.
California is clear about liability laws This means the buyers have three years to sue you if you failed to fully disclose issues or defects in your home before you sold it.
In Michigan, it is not inherently illegal to sell a house with mold. However, it is illegal to sell a house with mold without disclosing the problem to prospective buyers.
If a seller knowingly withholds information regarding a required seller disclosure, there may be legal consequences. A buyer could cancel the sale, or the seller could be legally liable. Sellers should be honest with any and all details they are required to disclose about the home.
Consequences When Home Sellers Dont Disclose Home Defects This lawsuit can be based either on the state law requiring disclosure or, particularly if the state has no such law, based on seller fraud. If you cant reach a settlement, youll be faced with all the expense and hassle of going to court.

People also ask

If you discover material defects after the real estate transaction has closed, you may have an action for breach of contract. A qualified, local real estate attorney with experience in housing and construction defects can help you understand your rights and draft an appropriate demand letter.
On July 3, 2018, the Michigan Court of Appeals ruled once again that home buyers may have up to six years to pursue fraud-related claims against sellers.
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.

house disclosure form