When must a seller provide a property disclosure statement in Michigan?

In Michigan, a seller is required to provide a property disclosure statement before the sale of residential property. This requirement is put in place to ensure that potential buyers are informed about the condition of the property and any issues that may affect their decision to purchase. The property disclosure statement includes vital information regarding the state of the property, such as any known defects, the age of major systems, and other important factors that could influence the sale.

By mandating that this statement be given prior to the sale, the law aims to protect buyers and promote transparency in real estate transactions. Sellers must be diligent in completing this document accurately, as it helps to uphold trust in the real estate market and can prevent potential legal disputes after the transaction has occurred.

The other scenarios presented do not align with the timing established by Michigan law for the disclosure of property details. Providing the disclosure after the sale or closing would not allow buyers to make informed decisions beforehand, and requiring it at the time of listing is less specific than the established requirement of prior to the sale itself.