Michigan Seller's Disclosure Statement
Michigan Compiled Laws §565.951 through §565.965 require sellers to complete a Seller's Disclosure Statement and provide it before or upon offer acceptance. Buyers have a 72-hour right of rescission.
The form covers:
Lead Paint — Metro Detroit
Metro Detroit has extensive pre-1978 housing stock. Federal lead paint disclosure is required. The City of Detroit has strict lead paint ordinances for rental properties. For sales, comply with federal requirements.
Radon
Southeast Michigan has moderate radon potential. Disclose any known test results. Buyers in newer suburban construction (particularly with basements) often request radon testing.
Michigan Transfer Tax
Higher than most states:
On a $340,000 sale: $2,924.
First-time buyer exemption: Michigan law exempts first-time buyers from the county transfer tax — confirm with your title company.
No Attorney Requirement
Michigan does not require an attorney for residential closings. Title companies handle escrow.
Download Michigan disclosure forms and find flat fee Realcomp II MLS services.