A Michigan Real Estate Purchase Agreement is a typed or handwritten legal contract signed between two parties (the seller and the buyer) to a transfer of real property. This document confirms the intention of the individuals or companies to enter into a deal regarding real estate for commercial or residential use and establishes the obligations of the parties at the time of the transaction. Once you negotiate the terms of the deal, you can complete and sign a contract - identify the parties, state the price of the real property and include fixtures and appliances the seller is willing to part with, describe the current condition of the real estate to avoid misunderstandings in the future and decide which party will pay for the home inspection and title insurance. Additionally, you can obtain a notary seal to add an extra level of protection to your contract.
At the moment, there are no Michigan-specific forms to legitimize the sale and purchase of real estate. However, you can make your own Michigan Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.
When selling residential property, owners must prepare two documents to inform the buyer about existing and potential defects of the premises - a Seller's Property Disclosure covers all issues, while a Lead Disclosure outlines the possible presence of lead-based paint in the building or on the surfaces of the house or apartment built before 1978.
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