Michigan Real Estate Purchase and Sale Agreement (Investor PDF)
An investor-ready purchase and sale agreement drafted for Michigan transactions, plus a plain-English summary of what Michigan law expects in a residential purchase contract. Free PDF, no signup required.
Michigan Purchase and Sale Agreement
Free PDF • Updated July 2026
Part of our free real estate investor forms library.
What Michigan Requires in a Purchase Contract
These are the contract and disclosure requirements our research identified for Michigan residential transactions, with statute citations. Requirements change; always confirm the current rule before closing.
Seller's Disclosure Statement (Seller Disclosure Act) Verbatim language required
MCL 565.951-565.966 (timing MCL 565.954; form MCL 565.957; exemptions MCL 565.953)
Seller of 1-4 unit residential property must deliver the Seller's Disclosure Statement BEFORE the buyer executes a binding purchase agreement; the full form text is codified verbatim in MCL 565.957 ('the disclosures required by this act shall be made on the following form'); if delivered after signing, buyer may terminate by written notice within 72 hours (personal delivery) or 120 hours (registered mail); termination right expires on transfer by deed
Applies to: transfers of real property with 1-4 dwelling units by sale, exchange, installment sale contract, or lease with option; exemptions at MCL 565.953 (court-ordered, foreclosure, fiduciary, co-owner and family transfers, new construction never occupied, etc.)
Federal Lead-Based Paint Disclosure Verbatim language required
42 U.S.C. 4852d; 24 CFR part 35 subpart A; 40 CFR 745.113 (subpart F)
Pre-1978 housing sales contracts must contain the verbatim Lead Warning Statement, seller's disclosure of known lead hazards, list of records provided, buyer acknowledgment, a 10-day inspection opportunity or waiver, agent statement, and signatures
Applies to: pre-1978 target housing only
Michigan Closing Practice at a Glance
| Deed convention | Warranty deed (statutory form MCL 565.151) is customary for arm's-length residential sales; covenant deeds appear in REO/bank sales |
| Transfer tax | Two-layer transfer tax: State Real Estate Transfer Tax (MCL 207.521-207.537) at $3.75 per $500 (0.75%) plus County Real Estate Transfer Tax (MCL 207.501-207.513) at $0.55 per $500 (counties over 2 million may levy up to $0.75 per $500) |
| Customary payer | seller - statutorily imposed: 'The person who is the seller or grantor of the property is liable for the tax' (MCL 207.523(2)) |
| Attorney closing | Attorney not required for a typical closing. Title company closing state; attorneys not required or customary for routine residential closings |
| Witness and notary | Deeds must be signed by the grantor and acknowledged before a notary (MCL 565.8); the former two-witness requirement was eliminated in 2002 - acknowledgment only. Recording formatting requirements at MCL 565.201 (names printed under signatures, drafter's name/address, margins). |
More Investor Resources
Disclaimer: This template and summary are provided free for reference and educational purposes. Clearway Home Buyers is not a law firm and does not provide legal advice, and no attorney-client relationship is created by downloading or using these forms. Real estate law varies by state and by transaction. Review any form with a licensed Michigan attorney before use. Read the full disclaimer.
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