Seller`s Declaration of Ownership (§ 565.957) – The seller must present the buyer with a complete statement of the current condition of the property. In addition, the buyer should have a technical inspection carried out of the property. The contract of sale attached here is a standard contract between the buyer and seller of real estate in Michigan and is approved by the Michigan Association of Realtors. Under this agreement, the seller of real estate in Michigan is responsible for paying the premium from Title Insurance`s Owners Policy. Under this contract, the Michigan real estate seller is responsible for paying the premium for the Owners` insurance policy (see point 4 for details). It is recommended to have the help of a licensed broker or lawyer, but if you have decided to sell or buy as a sale by the owner, we are here to help…