Michigan Land Purchase Agreement

If you are selling a real estate property in Michigan, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or purchase money mortgage).

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
• This Contract for Deed form is available in MS Word format and is fully editable to fit your exact circumstances.
• Intended to be used only in the State of Michigan.

When you sell a property in Michigan, you must provide the buyer with a completed Seller's Disclosure Statement.

• This is required under the Michigan Seller Disclosure Act.
• As the seller, you must disclose the current condition of the property, including the appliances, built-in systems, basement, roof, HVAC, plumbing, electrical, and insulation.
• You must also disclose whether there are any environmental, flood, or pest problems.
• This form is required in all real estate sales, whether done through a real estate agent or by 'For Sale by Owner'.
• Available in MS Word format.
• Intended to be used only in the State of Michigan.

Transfer ownership of a real estate property in Michigan from a seller to a buyer with this downloadable Michigan Warranty Deed form.

The grantor (seller) covenants that:

• it has good and marketable title to the property,
• it has the right and power to transfer the title to the buyer, and
• it will forever defend the grantee's (buyer's) right to possession of the property.

This Michigan Warranty Deed form is an easy-to-use legal document in MS Word format.