Your home-buying journey.

In this form, days mean calendar days, so weekends and holidays are not automatically excluded. The first calendar day starts at 12:01 a.m. on the day after the Effective Date. Time means the local time where the property is located.

A period stated in hours is not automatically the same as a period stated in days. Some other clauses start their clock when you receive a report, not on the Effective Date.

Seller's agent/subagent works for the seller. Buyer's agent works for the buyer. Dual agency means representing both sides with both parties' informed written consent and limitations on representation. A transaction coordinator assists without acting as either party's agent.

The primary/alternate agent names and emails identify the contacts involved. This clause is not itself a negotiated buyer-agency compensation agreement. Michigan's disclosure statute requires explanation before confidential transaction information is shared.

If received, record the statement's date. If not received, this form provides written termination before receipt and describes a written termination period after receipt: 72 hours for in-person delivery or 120 hours for registered mail. Record any exceptions rather than assuming all boxes have the same effect.

The Michigan statute ties these statutory after-delivery rights to required disclosures or amendments delivered after a binding agreement, recognizes exemptions, and ends the statutory termination right upon transfer by deed or installment contract. Confirm the interaction of your selected contract language, delivery method, and law with counsel—do not assume an email creates a particular 72/120-hour rule.

The seller agrees in this form to promptly notify you in writing of changes to the disclosure's content.

Federal rules apply to most pre-1978 housing, with exemptions. Buyers should receive the required pamphlet, known lead information and available records, and the disclosure acknowledgment before signing where the rule applies.

EPA describes a ten-day lead inspection/risk-assessment opportunity; parties may agree in writing to a different period, or the buyer may waive that opportunity. Review the actual addendum rather than assuming ten days overrides every other deadline or is a general inspection period.

Confirm city/village/township, county, full mailing address, legal description, and every tax parcel ID. A legal description is the formal description used in ownership records; the parcel number identifies a tax record. Check boundaries with title/survey professionals.

For unplatted land, the division-rights blank concerns rights under the Michigan Land Division Act. Leaving it blank keeps the stated rights with the seller's retained parent-parcel remainder; inserting a number does not warrant those divisions are available. Seller retains available divisions beyond the inserted number.

If the sale creates a new division, seller obligations are conditional on municipal approval by the filled-in date. For local research, Ada and Cascade are familiar market names; the Forest Hills Public Schools area is a district spanning communities, not a municipality.

Verify the numerical amount and any written-out amount agree. Financing, deposit credit, seller concessions, taxes, prorations and other costs can change the final cash-to-close figure without being included in this single price field.

Describe the amount or calculation and intended purpose clearly, such as permitted closing costs. Ask the lender how financing limits and actual eligible costs affect what can be used. Do not assume an unused credit is cash payable to you.

Any buyer-broker compensation or other negotiated contribution should be documented expressly in the appropriate signed documents, not inferred from an empty concession field.

Cash: Buyer pays the full purchase price on execution and delivery of the warranty deed, provides Buyer’s Agent/Dual Agent proof of funds, and consents to disclosure to Seller and/or Seller’s Agent. Buyer must arrange and pay for any required appraisal.

New mortgage: Payment is contingent on Buyer obtaining, by closing, the completed loan type and term (years), for the completed percentage of purchase price, at no more than the completed annual rate at application. Buyer applies within the completed number of days after the Effective Date, pays lender-customary application-processing charges, and agrees not to impair Buyer’s credit after that date. Select Seller or Buyer as payer and complete the cap for financing-required repairs. Select whether Buyer authorizes the Buyer’s Agent/Dual Agent to get lender information and disclose it to Seller and/or Seller’s Agent; exceptions may change these terms.

Seller financing: Choose a contract or purchase-money mortgage. Complete the amount due on execution/delivery, attached finance-form name/type and revision date, financed balance, minimum monthly payment, annual interest, balloon months, and exceptions. Interest starts at closing; the first payment is due 30 days after closing. Buyer supplies a credit report and pays for any required appraisal.

Equity: Choose formal or informal assumption, then warranty deed subject to the existing mortgage or assignment of vendee interest in a land contract. Buyer pays the approximate difference between price and unpaid debt, assumes and pays that debt, and reimburses Seller for accumulated tax/insurance escrow funds, if any; Buyer pays for any required appraisal. The form does not define the formal/informal difference or decide lender permission or a due-on-sale result—ask whether lender consent is required and review the existing debt documents. “Other” and exceptions can add terms. No stated default fills an empty financing blank; unmarked terms do not apply.

The trigger is an Appraisal value below the Purchase Price. Buyer may send Seller written termination notice, with a stated refund of Buyer’s Earnest Money Deposit, or make a written proposal to Seller. The proposal must be an addendum signed by Buyer to be effective.

Seller may negotiate, do nothing, or accept Buyer’s addendum by written notice to Buyer. The blank Exceptions field can modify this process if completed.

Not contingent means the purchase is not conditioned on selling/exchanging your other property. Contingent upon closing means there is already a sale/exchange agreement, with a copy delivered with this offer. If that transaction ends, notify the seller immediately; either party may terminate in writing within three days of your notice, with deposit refund if terminated under this clause.

Contingent upon sale and closing means you still need a binding sale/exchange and its closing by the filled-in date. Until you obtain and deliver a binding agreement, this form permits continued marketing and a sale contract with another purchaser on terms the seller chooses. That event automatically terminates your agreement, with prompt notice and a deposit refund. It does not print a guaranteed matching or 'kick-out' response opportunity.

Property address, deadline and written exceptions can change how the selected protection works.

The form's broad list includes buildings, landscaping, attached smart/security equipment, lighting, blinds, built-in appliances, attached mirrors/shelves/TV brackets, heating and water equipment, certain pool equipment, fencing, sprinklers, garage controls and other permanently affixed items, unless rented. Read its complete list alongside the actual home.

Use 'also includes' for additional items and 'does not include' for exclusions. Specify freestanding refrigerator, washer/dryer, televisions, decorative pieces or other disputed items individually. A TV mounting bracket is not the same thing as the television. Rented equipment is addressed separately in paragraph 12.

Seller must provide copies of rental agreements showing terms and payment obligations within three days of the Effective Date. If none are provided within that period, this form treats seller as representing that no fixtures/improvements are rented.

Review any supplied agreements for costs, ownership, transfer/termination terms and acceptability under paragraph 17. The three-day document requirement is not itself a three-day buyer cancellation window.

Seller must maintain an operational level and at least ten percent at possession, unless the tanks are already empty. Seller may consume fuel normally but may not otherwise remove it. The exceptions blank can change these terms; rented tank ownership is a separate issue.

One option makes seller pay the entire balance of assessments due/payable on or before closing, despite installment arrangements, but excepts future public-utility connection fees. The other makes seller pay only installments due/payable by closing and assigns later installments to buyer.

Seller must continue disclosing known pending assessments not previously disclosed in writing, including mandatory utility connections/benefit charges and condominium special assessments.

Seller pays taxes billed before the bills addressed below; Buyer pays taxes billed after them. Under No proration, fill in the summer- and winter-tax years and select Buyer or Seller for each bill. The form provides neither payer nor year if those fields are blank.

Calendar Year Proration includes all taxes billed or to be billed in the closing year. If needed, estimate levies using closing-day taxable value and millage rate(s), calculate per diem, and prorate to closing; Seller pays January 1 through the day before closing.

Fiscal Year Proration requires selecting taxes paid in advance or arrears. Treat the fiscal year as 12 months from billing; if needed, estimate using closing-day taxable value and millage rate(s), calculate per diem, and prorate to closing, with Seller paying through the day before closing. That selection is an accounting basis, not an automatic tax benefit. A completed Exceptions blank can change these allocations.

The work covers the primary well used for human consumption, including water-quality testing for coliform bacteria and nitrates, and septic systems in use. A qualified inspector must perform it under county protocol, or another applicable local-government authority’s protocol.

Buyer may terminate and receive the stated Earnest Money Deposit refund, or propose corrections. A correction proposal is effective only as a Buyer-signed addendum. Seller may negotiate, do nothing, or accept by written notice. The Exceptions blank can change these terms.

Buyer or Buyer’s choice may inspect buildings, premises, components, and systems. Buyer bears damage, misuse, abuse, or neglect caused by inspections.

Buyer must investigate code/ordinance compliance and zoning for intended use; homeowner’s insurance available at acceptable price and terms; flood-zone status; and the acceptability of Seller-disclosed rented items.

Enter the blank calendar-day inspection/investigation period. For unacceptable results, Buyer may give written termination notice and receive an Earnest Money Deposit refund, or submit a Buyer-signed correction addendum. Seller may negotiate, do nothing, or accept by written notice. The checkbox waives all Section 17 rights; written Exceptions may alter the standard terms.

Marketable title remains subject to conditions and limitations, oil/gas/other mineral-right reservations, existing zoning ordinances, and building/use restrictions and easements of record. This clause does not automatically remove those listed matters.

Seller must order, at Seller’s expense, an expanded-coverage ALTA Homeowner’s Policy for the Purchase Price. Promptly after receipt, Seller makes available the commitment to issue a policy insuring marketable title vested in Buyer, its supporting documents, and a real-estate-tax status report. If Buyer chooses, or expanded coverage is inapplicable, the policy is a standard ALTA Owners’ Policy.

The blank Exceptions area may add to or change the clause. To object, Buyer may terminate in writing or make a correction proposal that is effective only in a Buyer-signed addendum. Seller may negotiate, do nothing, or accept it by written notice. A timely termination carries the stated Earnest Money Deposit refund.

Broker advises Buyer to obtain a survey to confirm boundaries and improvement locations. If selected, Buyer or Seller (as marked) pays to order a boundary survey with iron corner stakes showing boundaries, improvements, and easements.

Buyer alone decides whether a condition interferes with intended use, title marketability, or zoning compliance. A correction proposal must be a written, Buyer-signed addendum. Seller may negotiate, do nothing, or accept by written notice. The Exceptions blank can change these printed terms.

Applicability depends on the actual local rules and property. This is not a promise of a new full-building code inspection or a guarantee that every improvement is permitted. Confirm specific municipal requirements and whether certificates can affect financing or closing.

Use written terms if a plan is included: provider, cost, payer, coverage, service fees and exclusions. A plan is not the same as homeowners insurance, a condition inspection or a guarantee every breakdown is covered.

The clause adjusts rent, association dues/fees, assigned insurance, and interest on obligations you assume to the closing date. For this calculation, seller ownership runs through the day before closing. Property-tax allocation is addressed separately in paragraph 15.

The form allows fifteen additional days for readily correctable title defects/survey problems or lender-required inspection/repair delays. During that period, closing is to occur within five days after everyone is notified that the necessary documents are prepared.

Each party normally pays its own title-company closing fees under this clause. The printed VA-financing exception assigns the entire closing fee to seller; it does not say seller pays every expense associated with a VA loan. Written exceptions can change the agreed allocation.

When reserved, conduct it within three days of the scheduled closing date to check substantially similar condition to the Effective Date, promised work/items, and included personal property. Report objections and the corrective action requested immediately.

Do not sign a waiver without understanding the consequence. The paragraph does not automatically create a new inspection contingency or unlimited right to delay closing.

For this provision, closing requires signed documents received by escrow and funds received by escrow. Delayed seller occupancy uses the filled-in total occupancy fee, payable at closing without proration in cash/certified funds. The holdover blank sets a daily liquidated-damages amount plus stated reasonable removal attorney fees; seek legal advice rather than using self-help removal.

During seller occupancy, seller pays utilities and handles snow/landscape maintenance. Buyer maintains structure/mechanical systems, except repairs caused by seller misuse/abuse/neglect stay seller's expense. Review insurance and responsibility with the appropriate professionals.

At handover, the home must be free of trash/debris, broom-clean, and cleared of personal items except written agreed inclusions; seller arranges final utility payments and delivers keys. The temporary occupancy agreement checkbox calls for that separate agreement by closing. Seller also promises to maintain present condition until closing.

Fill in the amount and holder: broker, title company, or other. If the deposit is not received on time or is returned for insufficient funds, Seller may terminate until receipt. If Seller terminates under this provision, Seller waives any claim to the deposit.

Buyer is entitled to a refund if a contingency fails for a reason other than Buyer’s fault and the sale does not close. Buyer and Seller agree to sign a written disbursement agreement. If the sale fails and they cannot agree, a Broker holding the deposit may give written notice of its intended disposition.

If an objection prevents agreement, the broker may ask a court to resolve the competing claims through interpleader or await further action. In deposit litigation, the court-determined non-prevailing buyer or seller reimburses the other party for stated reasonable litigation attorney fees/expenses and the broker for reasonable attorney fees/expenses of an interpleader action. If the holder is not the broker, conflicting terms in its escrow agreement control.

It recommends an attorney review marketable title and required sale details. It also includes a significant non-reliance statement: buyer says reliance is on this agreement, written amendments and separately seller-signed disclosures—not other oral or informal statements about the property or sale.

Read that limitation carefully with counsel. Put important negotiated promises into signed documents; this explanation does not determine what claims the law might permit despite the wording.

This is not an invitation to publish your bank details, passwords or every personal document. Ask about what transaction information is reported and which privacy practices apply to unrelated personal records.

Any added condition should clearly identify the action, responsible party, cost, deadline and consequence when appropriate. Use signed attachments if needed, and have unusual or conflicting language reviewed by counsel. These provisions and addenda may change the printed defaults explained in this guide.

Changes must be written, signed by both buyer and seller, and attached. A conversation, informal note or this educational guide does not automatically amend your contract. Confirm the final version includes every agreed addendum and exception.

The clause also permits required/allowed notices through fax or other electronic means. That permission does not eliminate the need for the right content, recipients, timing and proof of delivery/receipt under the agreement.

Check addresses and retain complete signed files and delivery records. Ask your agent or attorney how a particular notice must be sent; do not assume any message anywhere satisfies every notice requirement.

Do not reply or act until you verify authenticity through a trusted, independently established contact. Do not call the number supplied in the suspicious email. This caution covers wiring instructions, account information, Social Security numbers and identification details.

Use your provider's approved secure document channel. If something appears wrong after sending funds, immediately contact your bank and the verified transaction team for urgent assistance.

The form says timely accepted terms become binding. Use local property time and confirm actual delivery. A response after expiration is addressed as a counteroffer in paragraph 36 rather than assumed to be a timely acceptance.

Check spelling, intended ownership identity and all pages/attachments before signing. A buyer's signature alone does not establish the Effective Date; acceptance/delivery provisions still apply. Retain a complete copy, not only the signature page.

Review every inserted exception and any counteroffer expiration date/time. The form permits seller to withdraw the counteroffer and accept other offers until seller or seller's agent receives notice of buyer acceptance. Receipt and timing matter; silence is not your acceptance.

Printed names, address and phones identify the sellers. The U.S.-citizen/resident-alien questions flag possible tax implications; they are not a complete determination of foreign-person tax status or a withholding calculation. Refer the answer and needed certifications to qualified tax/title/legal professionals rather than guessing obligations from the checkbox.

Buyer signatures, dates and times should reflect the reviewed response. The form keeps other offer terms unchanged, so read the changes together with the entire offer. Deliver acceptance properly and within any applicable counteroffer expiration.

Seller signatures, dates and times should be checked against actual delivery records and paragraph 1. Do not infer a new negotiation or a new universal deadline simply from this receipt block; ask your agent/counsel to resolve any inconsistent records.