The Michigan purchase agreement documents the terms & conditions applicable to the sale of residential property. A prospective buyer can use this form to submit an offer for the seller to accept or counter. Details in the form include the price of the dwelling, personal property that will be included in the sale, and date by which the buyer can take possession of the home.
After the terms have been negotiated, the involved parties may sign the form to confirm a legal obligation.
Required Disclosures
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – If the property for sale was built prior to 1978, home sellers are obligated to provide prospective buyers with information regarding the status of lead paint contained within the premises.
Seller’s Property Disclosure Statement (§ 565.954, § 565.957) – In order to properly correspond with Michigan’s Seller Disclosure Act, individuals who are selling their homes must first carry out a written disclosure statement that outlines the property’s current condition. (Exceptions to this requirement can be found in § 565.953.)
Realtor Version
Michigan Realtors – PDF