If you’re selling your Michigan home, you might be wondering about disclosures and how much you need to reveal on the Michigan seller disclosure form, officially known as the Seller’s Disclosure Statement. This form provides potential buyers with a better idea of your property’s condition and history, giving them all the necessary information to make an informed purchase with confidence. Additionally, it can also protect you from any potential legal hiccups that could arise from failing to disclose an issue. In this post, we’ll tell you what to expect, how much detail to provide, and what could go wrong if you leave something out. We’ll also provide a downloadable Disclosure Litmus Test to help you identify any red flags.
The Michigan seller disclosure form, or Seller’s Disclosure Statement, is a document developed by the Michigan Association of Realtors. It’s designed to help you disclose any known issues or facts about your home that could impact its value or a buyer’s decision to continue with the sale. Michigan law requires sellers to disclose all material facts — in other words, anything that could impact the buyer’s use or enjoyment of the property. The Seller’s Disclosure Statement form acts as a guide to help you do this thoroughly. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the Michigan seller disclosure form?
