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SELLER'S DISCLOSURE STATEMENT

Property Address:   3151 Edgewood Lane         Grand Rapids                           MI  
                                        Street               City, Village, Township                 State

Seller has lived in the residence on the property from   1998      to    2000    

Seller has owned the property since     1998    


Purpose of Statement: This statement is a disclosure of the condition of the property in compliance with the Seller Disclosure Act.  This statement is a disclosure of the condition and information concerning the property, known by the Seller.  Unless otherwise advised, the Seller does not possess any expertise in construction, architecture, engineering, or any other specific area related to the construction or condition of the improvements on the property or the land.  Also, unless otherwise advised, the Seller has not conducted any inspection of generally inaccessible areas such as the foundation or roof.  This statement is not a warranty of any kind by the Seller, and is not a substitute for any inspections or warranties the Buyer may wish to obtain.

Seller's Disclosure: The Seller discloses the following information with the knowledge that even though this is not a warranty, the Seller specifically makes the following representations based on the Seller's knowledge at the signing of this document.  The Seller is to provide a copy of this statement to any prospective Buyer in connection with any actual or anticipated sale of property.  The following are representations made solely by the Seller.  This information is a disclosure only and is not intended to be a part of any contract between Buyer and Seller.

Instructions to the Seller(s): (1) Answer ALL questions. (2) Report known conditions affecting the property.  (3) Attach additional pages with your signature if additional space is required.  (4) Complete this form yourself.  (5) If some items do not apply to your property, check NOT AVAILABLE.  If you do not know the facts, check UNKNOWN.  FAILURE TO PROVIDE A PURCHASER WITH A SIGNED DISCLOSURE STATEMENT WILL ENABLE A PURCHASER TO TERMINATE AN OTHERWISE BINDING PURCHASE AGREEMENT.

Appliances/Systems/Services:  The items below are in working order.  (The items listed below are included in the sale of the property only if the purchase agreement provides.)

 

Yes

No

Unknown

Not Available  

Yes

No

Unknown

Not Available

Range/Oven

     

Lawn Sprinkler

     

Dishwasher

     

Water Heater

     

Refrigerator

     

Plumbing System

     

Hood/Fan

     

Well & Pump

     

TV Antenna, TV Rotor & Controls

     

Water Softener/Conditioner

     

Electrical System

     

Sump Pump

     

Garage Door Opener & Remote Control

     

Septic Tank & Drain Field

     

Alarm System

     

City Water System

     

Intercom

     

City Sewer System

     

Central Vacuum

     

Wall Furnace

     

Attic Fan

     

Humidifier

   

 

Pool heater, Wall Liner, & Equipment

     

Central Air Conditioning

     

Central Heating System

     

Solar Heating System

     

Microwave

     

Electronic Air Filter

     

Trash Compactor

     

Fireplace & Chimney

   

 

Ceiling Fan

     

Wood Burning System

     

Sauna/Hot Tub

     

Washer

     

Dryer

               
Explanations (attach additional sheets if necessary):_________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
 

UNLESS OTHERWISE NOTED, ALL HOUSEHOLD APPLIANCES ARE SOLD IN WORKING ORDER EXCEPT AS NOTED, WITHOUT WARRANTY BEYOND DATE OF CLOSING.

 
Property Conditions, Improvements, and Additional Information:
1. Basement/Crawl Space: Has there been evidence of water? Yes No Unknown
       If yes, explain:  2 years ago - dirty gutters                                                                 
2. Insulation: Urea Formaldehyde Foam Insulation (UFFI) is installed? Yes No Unknown
       In exterior walls? Yes No Unknown
       In ceiling/attic? Yes No Unknown
       In other areas? Yes No Unknown
3. Roof: Any leaks? Yes No Unknown
       Any existing fire retardant treated (FRT) plywood? Yes No Unknown
       Approximate age, if known:                                                                   
4. Well: Type of Well (depth/diameter, age, repair history, if known):    N/A                            
       Has the water been tested? Yes No Unknown
       If yes, date of last report and results:    N/A                                                                 
5. Septic Tanks/Drain Fields: Is the system functioning properly? Yes No Unknown
       If no, explain:    N/A                                                                 
       If septic, when was the system last pumped?    N/A                                                 
6. Heating System: Is heat supplied to all furnished rooms? Yes No Unknown
       Type:   Forced/Gas                                Approximate Age:     6 years                                  
7. Plumbing System: Is the system in working condition? Yes No Unknown
       Type:    Copper    Galvanized    Other                                            
8. Electrical Systems: Does the system meet existing code requirements? Yes No Unknown
  Any known problems:                                                                                                              
9. Infestation: Any current infestations or existing damage? Yes No Unknown
10. Environment problems: Are there any substances, materials, or products that may be an environmental hazard (including, but not limited to, asbestos, radon gas, lead-based paint, underground storage tanks for fuel or chemicals, formaldehyde) on or affecting the property? Yes No Unknown
  If yes, please explain:                                                                                                            
11. Flood Insurance: Do you have flood insurance on the property? Yes No Unknown
12. Mineral Rights: Do you own the mineral rights of the property? Yes No Unknown
 
Other Items: Are you aware of any of the following:
1. Features of the property shared in common with the adjoining landowners (walls, fences, roads, driveways, etc.) whose use or responsibility for maintenance may have an effect on the property? Yes No Unknown
2. Any encroachments, easements, zoning violations, or nonconforming uses? Yes No Unknown
3. Any "common areas" (pools, tennis courts, walkways, or other areas co-owned with others), or a homeowners' association that has any authority over the property? Yes No Unknown
4. Structural modifications, alterations, or repairs made without necessary permits? Yes No Unknown
5. Settling, flooding, drainage, structural, or grading problems? Yes No Unknown
6. Major damage to the property from fire, wind, floods, or landslides? Yes No Unknown
7. Farm or farm operation in the vicinity, or proximity to a landfill, airport, etc.? Yes No Unknown
8. Any outstanding utility assessments or fees? Yes No Unknown
9. Any outstanding municipal assessments or fees? Yes No Unknown
10. Any pending litigation that could affect the property or selling of the property? Yes No Unknown
 
If the answer to any of these questions is yes, please explain. Attach additional sheets, if necessary:
  (4) We finished the basement 1 year ago.                                                                                  
                                                                                                                                               
                                                                                                                                               

The Seller has indicated the condition of all the items based on information known to the Seller.  If any changes occur in the structural/mechanical/appliance systems of this property from the date of this form to the date of closing, Seller will immediately disclose the changes to the Buyer. 

Note: Seller(s) may wish to disclose the condition of other buildings on the property on a separate RESIDENTIAL PROPERTY DISCLOSURE FORM.

Note: Buyer(s) should obtain professional advice and inspections of the property to more fully determine the conditions of the property.  Buyer(s) are also advised that certain information complied pursuant to the Sex Offenders Registration Act, 1994 PA 295, MCL 28.721 to 28.732 is available to the public.  Buyers seeking such information should contact the Local Department of State Police, Central Criminal Records Exchange.  Also, Buyer(s) are advised that the State equalized value of the property, homestead exemption information and other real property tax information is available from the appropriate local assessor's office.  Buyer(s) should not assume that Buyer's future tax bills on the property will be the same as the Seller's present tax bills.  Under state law, real property tax obligations can change significantly when property is transferred.

The Seller(s) acknowledge having carefully examined this statement, including any comments continued on the reverse side, and state that this statement is complete and accurate as of the date signed.  At or before settlement, the Seller(s) will be required to disclose any material change in the physical condition of the property.

  John Smith                 2/1/01    Katie Smith               2/1/01 
Seller Date Seller Date

The Buyer(s) acknowledge receipt of a copy of this disclosure statement.  The Buyer(s) acknowledge that the Seller(s) make no presentation with respect to any matters which may pertain to parcels adjacent to the subject property and should exercise whatever due diligence deemed necessary with respect to adjacent parcels in accordance with terms and conditions as may be continued in the real estate purchases contract, but in any event prior to settlement.

  Charles Jones             2/1/01    Jenna Jones             2/1/01 
Buyer Date Buyer Date

A conscientious effort has been made as to the accuracy of this material.
Neither the author, nor the publisher, will assume any liabilities for its use.

The information presented should be considered reliable but not guaranteed.

 

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