What is Michigan’s disclosure law?
In Michigan, the disclosure law requires sellers of residential real estate to disclose certain information about the property's condition to potential buyers. This information includes any known defects, issues, or conditions that may materially affect the value of the property. The seller must provide the buyer with a written disclosure statement before the sale is finalized.
The disclosure statement must be based on the seller's actual knowledge and observations of the property, and must cover specific areas such as the foundation, roof, plumbing, heating and cooling systems, and the presence of hazardous materials. The seller is not required to disclose defects that are open and obvious or can be discovered through a reasonable inspection by the buyer.
A Michigan real estate attorney can fully review all disclosures, ensure that you’re asking the right questions, and even help you file a claim of fraud in the case that a seller fails to disclose a defect with serious ramifications.