Realtors run into difficult clients from time to time. Let’s face it, we all can be difficult once in a while. However, when our client is being difficult about completing the Seller’s Disclosure Statement, we have to stress the importance of it and how not completing it can make a deal go south!
If the statement is not completed and provided, the buyer can cancel the deal right up to closing. And in Michigan if one is not provided or partially completed and the buyer has an issue with something after closing, the buyer can bring action for silent fraud. So, if you encounter a client who is reluctant to complete the form, make it clear that the law put this is place to protect both seller and buyer.
-Natasha Hughes Smith