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Yes. In Michigan, the seller's disclosure is a standard form prescribed under the state laws which all sellers are supposed to complete. This form is to be submitted to any buyer before the sale agreement is executed.
Michigan disclosure laws require a seller to disclose what is personally known about the home, including any imperfections. This could include things like lead-based paint, water damage, hazardous conditions, pest damage, past repairs, past insurance claims, etc.
Seller's disclosure requirements vary by state, but here are some of the common issues that standard disclosure forms address: Roof leaks or defects. Water leaks or previous flooding in the basement. Cracks or other defects in the foundation.
Michigan requires sellers to use a standardized form for property disclosures, called the Seller Disclosure Statement, and sets forth the language for it within the actual law. (Mich. Comp. Laws Ann.
In fact, the seller only has to disclose the most serious defects - material defects - and only if they are not visible or apparent on a reasonable inspection of the home. A material defect is a problem with the property that makes it dangerous, unfit for human habitation or unsuitable for its intended purposes.
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If there is a serious issue that was not disclosed, you may have a legal remedy against the seller, the seller's broker, or possibly, the home inspector.
The public has demanded this increased level of information. But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming.
While some states have specifically addressed whether or not sellers must disclose whether a property is "stigmatized" (by death, murder, infectious disease, and so forth), Michigan has not. The disclosure statement instead generally limits disclosures to the physical condition of the property.
If there is a serious issue that was not disclosed, you may have a legal remedy against the seller, the seller's broker, or possibly, the home inspector.
Requirement for Seller's Disclosure Statement The Michigan Seller Disclosure Act requires the seller (or the seller's agent) to provide a written Seller's Disclosure Statement (SDS) to the prospective buyer (or prospective buyer's agent) before execution of a binding purchase agreement for the property.

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