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Seller S Property Disclosure Condominium Spdc 1 Form

Seller S Property Disclosure Condominium Spdc 1 Form

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[Music] do you know what a seller's disclosure statement is if you're buying or selling a house in Michigan you need to know what that is and we're going to talk about it next basically what a sellers disclosure statement is is that the sellers are disclosing the condition of the property to the best of their knowledge they're disclosing any updates they've done any defects in the property that they've come across even if they've made repairs to them they need to disclose for example if the roof is ever leak if their basement has ever flooded if they've had something updated if they pull permits for something all of that should be on the sellers disclosure statement the Michigan sellers disclosure acts says and if you're selling a residential property between 1 and 4 units you're required to fill out the sellers disclosure statement some purchase agreements have a line item in there that says if the buyer does not receive seller disclosure statements from the seller the buyer Comiket o

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