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 H Sellers Disclosure Statement Michigan Realtors 2006-2025

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[Music] hello Michigan real tours and welcome back to another installment of letter of the law now in 2023 president Natalie row appointed a forms committee to review and update a number of the forms in the Michigan real tours Library the forms committee has completed its update of the Michigan real tours purchase agreement otherwise known as form a now before using the new purchase agreement form Realtors should spend time familiarizing themselves with it to assist in this review we will discuss the most significant changes method of payment this section has been revised to require that all buyers certify that they have sufficient funds to complete the transaction and to require a cash buyer to submit proof of available funds by an agreed upon deadline if a cash buyer's proof of funds is not acceptable to the seller the seller can terminate the contract in the case of a land contract sale there is a new seller financing addendum which should be completed and attached to the pu

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