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Free Michigan Residential Purchase Agreement Template

A Michigan residential purchase agreement records a home sale's price, conditions, and closing date. Our step-by-step questionnaire builds a customizable template that works alongside Michigan's seller disclosure.

  • Download as PDF and Word
  • E-sign included

How It Works

1

Select Your Template

Choose the state or form type you need to start.

2

Fill In Your Details

Answer a few simple questions to customize your form.

3

Get Your Form

Download or print your custom document in PDF or Word.

What Is a Michigan Residential Purchase Agreement?

A Michigan residential purchase agreement is the contract that binds a home’s buyer and seller once both sign. Under Michigan’s Seller Disclosure Act, the timing of that signature decides whether a late disclosure opens an exit for the buyer.

Michigan Seller Disclosure Rules

Michigan’s Seller Disclosure Act (MCL 565.951 and following) shapes the paperwork around your Michigan residential purchase agreement.

Who Gets the Statement

The seller delivers the written disclosure statement to the buyer, the buyer’s agent, or the seller’s own agent (MCL 565.954). If the seller’s agent receives it, that agent must pass a copy to the buyer or their agent. A statement given to the buyer’s agent counts as given to the buyer.

Approved Delivery Methods

Delivery must be by personal delivery, fax, or registered mail (MCL 565.963). A signed fax copy of the statement counts as a signed original.

The form also describes the seller’s answers as representations based on what the seller knows, not a warranty.

Appliances Need the Contract

The statutory form lists appliances and systems in working order. However, it states that those items are part of the sale only if the purchase agreement says so.

Can a Michigan Buyer Cancel After a Late Disclosure?

Yes. Suppose a required disclosure, or an amendment, arrives after the seller signs a binding purchase agreement. The buyer can then terminate by written notice to the seller or the seller’s agent (MCL 565.954):

  • Up to 72 hours after in-person delivery of the statement
  • Up to 120 hours after it arrives by registered mail

The statutory form itself warns that failing to provide a signed disclosure statement lets a buyer end an otherwise binding purchase agreement. This right expires once the property transfers by deed or installment sales contract.

List every appliance and fixture that stays with the house in the purchase agreement itself. The disclosure form’s appliance checklist doesn’t put them in the sale on its own.

How to Get a Michigan Home Sale to Closing

Most Michigan sales follow these steps.

  1. Complete the statement. The seller fills out the statutory disclosure form.
  2. Deliver it properly. Use personal delivery, fax, or registered mail.
  3. Sign the purchase agreement. Buyer and seller sign the Michigan residential purchase agreement once the buyer has the statement.
  4. Amend if needed. A late amendment opens a new short termination window for the buyer.
  5. Transfer the property. The buyer’s termination right ends when the deed or installment contract transfers title.

Terms to Put in Your Michigan Agreement

Include these details:

  • Full names of the buyers and sellers
  • Property address and parcel identification
  • Purchase price, deposit, and loan contingency
  • Each appliance and fixture included in the sale
  • The date and method of disclosure delivery
  • Inspection deadline and target closing