Often asked: What Do You Need To Sell A House In Michigan?

How do I sell my house without a realtor in Michigan?

5 tips for selling your home without a realtor in Michigan

  1. Make minor repairs. Small upgrades and repairs can do a lot to sway potential buyers.
  2. Price your Michigan home competitively.
  3. Stage and market your home.
  4. Prepare for showings.
  5. Negotiate for the best possible price.

Do you need a lawyer to sell a house in Michigan?

The short answer is that an attorney’s services are not required to buy or sell a house in Michigan. Let’s start with this: for most people, buying or selling a house is the biggest legal and financial transaction in which they’ll ever participate.

What paperwork do I need to sell my house myself?

Documents You Need to Gather Before Listing Your Home

  1. Original Sales Contract.
  2. Professional Appraisal From The Original Purchase of Your Home.
  3. Mortgage Statement (Payoff Amount)
  4. Homeowners Insurance Records.
  5. Homeowners Association Documents.
  6. Home Repair and Maintenance Records.
  7. Receipts for Capital Improvements.
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What are typical seller closing costs in Michigan?

What are Closing Costs? These are the costs that come due once you’ve finalized the sale of the Michigan home. The fees average out at 1% to 3% but can go as high as 7%. The actual amount you pay depends on the state and town you call home.

Do you pay taxes when you sell a house in Michigan?

Sellers in Michigan must pay transfer tax which is $8.60 per $1000 of sales price. Standard commission in Michigan is 6% of the sales price. There are some scenarios that can lower this amount.

What are the steps in selling your house by owner?

With that fact in mind, let’s look at five steps involved to sell your house yourself.

  1. Step 1: Determine the fair market value of your home. You must get this step right.
  2. Step 2: Prepare the home for sale.
  3. Step 3: Market the home for sale.
  4. Step 4: Negotiate the sale.
  5. Step 5: Handle the closing.

Does the seller have to be present at closing in Michigan?

Sellers do not usually need to be present at a Michigan closing. Typically, the buyers will sign the final documents at the office of their title company or escrow agent and pick up the keys.

Is Michigan a buyer beware state?

One Michigan court actually declared this to be the standard in a 2001 appellate case. This advice is perhaps well intentioned but it is wrong, at least under current Michigan law. The baseline standard is still buyer beware. The Act modifies this standard; it does not reverse it into a seller’s confessional act.

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Can I sell my house without my spouses signature in Michigan?

For over 150 years, Michigan law held that a ‘married woman’ had a dower interest in any real estate owned by her husband. The law dictated that a husband could not sell any of his real estate without the signature and consent of his spouse.

Should I sell my house in 2020?

But relatively speaking, 2020 might be the best time to put your house on the market. Especially if you’re on the fence about selling this year or next, it may be better to sell in an environment that’s more predictable, rather than wait for time to pass and circumstances to change.

What is the first thing to do when selling a house?

The following 10 steps are a way to get a good head start on preparing to sell your home.

  1. Welcome buyers. Make your front door visible and accessible to buyers.
  2. Make it sparkle.
  3. Start packing.
  4. Paint wisely.
  5. Fix the small stuff.
  6. Update lighting.
  7. Frame windows.
  8. Set the table.

What should you not do when selling a house?

These are some of the most common mistakes you should avoid when selling a home:

  1. Underestimating the costs of selling.
  2. Setting an unrealistic price.
  3. Only considering the highest offer.
  4. Ignoring major repairs and making costly renovations.
  5. Not preparing your home for sale.
  6. Choosing the wrong agent or the wrong way to sell.

Who typically pays closing costs in Michigan?

As a buyer, you pay a closing fee to the title company to prepare paperwork and close the transaction. This fee is typically $450-$550, maybe a little less if it is a cash purchase.

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Do buyers pay realtor fees in Michigan?

Who pays realtor fees in Michigan? In Michigan, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal.

How much is a home title transfer in Michigan?

There is a basic $15 fee for a title transfer in Michigan.

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