Fill Your Michigan Sales Template

The Michigan Sales Form is a legal document that grants an individual the authority to act on behalf of another in real estate transactions. This form is essential for those who wish to delegate the responsibilities of closing a property sale to an agent. It ensures that all necessary actions can be taken to complete the sale efficiently and legally.

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Documents used along the form

When engaging in a real estate transaction in Michigan, several forms and documents may be necessary to facilitate the process. Each document serves a specific purpose and ensures that all parties are properly represented and protected throughout the sale. Below is a list of common forms used alongside the Michigan Sales form.

Purchase Agreement: This document outlines the terms and conditions of the sale between the buyer and seller. It includes details such as the purchase price, closing date, and any contingencies that must be met before the sale is finalized.
Bill of Sale: Essential for documenting the transfer of ownership of personal property, the Illinois PDF Forms provides a structured format to include vital details such as description, sale price, and parties involved.
Seller's Disclosure Statement: This form requires the seller to disclose any known defects or issues with the property. It helps protect buyers by ensuring they are aware of any potential problems before completing the purchase.
Lead-Based Paint Disclosure: Required for homes built before 1978, this document informs buyers about the potential presence of lead-based paint. Sellers must provide this disclosure to comply with federal regulations.
Closing Statement: Also known as a HUD-1 or settlement statement, this document details all financial transactions related to the sale, including closing costs, fees, and the final amount the seller will receive.
Title Insurance Policy: This policy protects the buyer and lender against any claims or disputes over the property’s title. It ensures that the seller has the legal right to sell the property and that there are no outstanding liens or encumbrances.
Deed: The deed is the legal document that transfers ownership of the property from the seller to the buyer. It must be properly executed and recorded to be valid.
Affidavit of Title: This document is a sworn statement by the seller affirming their ownership of the property and disclosing any potential issues related to the title. It provides additional assurance to the buyer regarding the legitimacy of the sale.

These documents collectively ensure that the transaction is conducted smoothly and that all legal requirements are met. Proper preparation and understanding of these forms can greatly enhance the experience for both buyers and sellers in Michigan's real estate market.

Michigan Sales Preview

Prepared by, recording requested by and return to:

Name:

Company:

Address:

City:

State:Zip:

Phone:

Fax:

----------------------Above this Line for Official Use Only---------------------

SPECIAL POWER OF ATTORNEY

FOR CLOSING REAL ESTATE TRANSACTION

(Agent for Seller)

STATE OF MICHIGAN

COUNTY OF ____________

KNOW ALL MEN BY THESE PRESENT, THAT I ________________________,

whose address is ___________________________________, _______________ (City),

__________________ (State), ________ (Zip), desiring to execute a SPECIAL POWER

OF ATTORNEY, hereby appoint, ______________________________, of

____________________ County, Michigan, as my Attorney-in-Fact to act as follows,

GRANTING unto my Attorney-in-Fact full power to:

To do all things necessary to close on the sale of the property described below, commonly known as

____________________________________________ (address), with full power

and authority for me and in my name to execute any and all documents necessary to effect the sale, conveyance and settlement on said property to any person or persons of his choosing, including but not limited to, deeds, checks, receipts, releases, warranties, affidavits, contracts, addenda, settlement statements, loan commitments and disclosure statements, truth-in-lending statements, all forms of commercial papers, endorsements to checks, or the like, and any such other instrument or instruments in writing of whatever kind, character and nature as may be necessary to complete the sale, financing arrangements, and the settlement process. FURTHER GRANTING full power and authority to collect and receive any funds or proceeds of said sale in any manner which, in his sole discretion, he sees fit.

The legal description of the property is as follows, to-wit:

[INSERT DESCRIPTION OR ATTACH EXHIBIT]

I hereby ratify and confirm all that said attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.

All acts done by means of this power shall be done in my name, and all instruments and documents executed by my Attorney hereunder shall contain my name, followed by that of my attorney and the description "Attorney-in-Fact", excepting however any situation where local practice differs from the procedure set forth herein, in that event local practice may be followed. This SPECIAL POWER OF ATTORNEY shall be valid and may be relied upon by any third parties until such time as any revocation is recorded in the recorder's office of the county where the land is located.

DATED this the ________ day of ___________________, 20____.

________________________________

Signature

Print Name: ______________________

_______________________________

Witness

Print Name: _____________________

_______________________________

Witness

Print Name: _____________________

STATE OF MICHIGAN

COUNTY OF _________________

The foregoing instrument was acknowledged before me this

_____________________ (date) by

___________________________________________ (name of person acknowledged).

_____________________________

Notary Public

Printed Name: _________________

My Commission Expires:

____________________

Principal Name and Address		Attorney-in-Fact Name and Address
Name:		Name:

Address:		Address:

City:		City:

State:	Zip:	State:	Zip:

Phone:		Phone:


Witness Name and Address		Witness Name and Address
Name:		Name:

Address:		Address:

City:		City:

State:	Zip:	State:	Zip:

Phone:		Phone:

Similar forms

Durable Power of Attorney: Similar to the Michigan Sales form, a Durable Power of Attorney allows an individual to appoint someone to manage their affairs, including real estate transactions. It remains effective even if the principal becomes incapacitated, ensuring that the appointed agent can act on their behalf without interruption.
Real Estate Purchase Agreement: This document outlines the terms and conditions of a property sale. Like the Michigan Sales form, it includes details about the property, the parties involved, and the obligations of each party, facilitating the transfer of ownership.
Closing Disclosure: The Closing Disclosure provides a detailed account of the final terms and costs associated with a mortgage. It is similar to the Michigan Sales form in that both documents are essential for the closing process and ensure that all parties are informed of their financial responsibilities.
Georgia WC-3 Form: This document is essential for disputing a worker's compensation claim and notifies the State Board of Workers' Compensation about the controversion of rights to compensation, similar to the procedures followed in the Michigan Sales form. For more information, visit Forms Georgia.
Quitclaim Deed: A Quitclaim Deed transfers interest in a property from one party to another. It shares similarities with the Michigan Sales form as both documents are used to convey property rights, although the Quitclaim Deed does so without any guarantees about the title.
Settlement Statement (HUD-1): This document itemizes all the costs and fees associated with a real estate transaction. Like the Michigan Sales form, it is a crucial part of the closing process, ensuring transparency and clarity regarding financial obligations for all parties involved.

Misconceptions

There are several misconceptions surrounding the Michigan Sales form that can lead to confusion. Below are some common misunderstandings along with clarifications.

Only the seller needs to sign the form. This is not true. Both the seller and the appointed attorney-in-fact must sign the form for it to be valid.
The form is only for residential properties. This misconception is incorrect. The Michigan Sales form can be used for both residential and commercial real estate transactions.
A notary public is not required. In fact, the form must be acknowledged before a notary public to ensure its legality.
The attorney-in-fact can act without any limitations. While the attorney-in-fact has broad powers, they must still act in the best interest of the principal and follow any specific instructions provided.
The form does not need to be recorded. This is misleading. The form should be recorded in the county where the property is located to ensure its validity against third parties.
Revocation of the power of attorney is automatic. This is not accurate. Revocation must be formally recorded to be effective; it does not happen automatically.
The Michigan Sales form is the same as a general power of attorney. This is a common error. The Michigan Sales form specifically pertains to real estate transactions and includes unique provisions that differ from a general power of attorney.

Understanding these misconceptions can help streamline the closing process and ensure that all parties are adequately informed.

Detailed Instructions for Using Michigan Sales

Filling out the Michigan Sales form is an important step in the process of granting someone the authority to act on your behalf in a real estate transaction. Follow these steps carefully to ensure that the form is completed accurately.

Prepared by, recording requested by, and return to: Fill in your name, company name (if applicable), address, city, state, zip code, phone number, and fax number at the top of the form.
State and County: Write the state (Michigan) and the county where the transaction is taking place.
Principal Information: Enter your full name and address, including city, state, and zip code.
Attorney-in-Fact Information: Write the name of the person you are appointing as your Attorney-in-Fact and their county in Michigan.
Property Description: Clearly describe the property being sold, including its common address.
Legal Description: Insert or attach the legal description of the property. This is often a more detailed description than the common address.
Signature: Sign the form and print your name beneath your signature.
Witnesses: Have two witnesses sign the form. They should also print their names beneath their signatures.
Notary Public: Take the completed form to a notary public. They will acknowledge your signature and fill in their printed name and commission expiration date.

After completing these steps, the form will be ready for submission. Make sure to keep a copy for your records and check if any additional local requirements need to be fulfilled.

Dos and Don'ts

When filling out the Michigan Sales form, it is important to ensure accuracy and completeness. Here are seven key things to do and avoid:

Do double-check all personal information, including names, addresses, and contact details, to ensure they are correct.
Do provide a clear and accurate description of the property involved in the transaction.
Do sign and date the form in the designated areas to validate your authority.
Do include the names and addresses of all witnesses as required by the form.
Don't leave any sections blank; incomplete forms may delay the processing of your transaction.
Don't use abbreviations or shorthand when filling out the form; clarity is essential.
Don't forget to have the document notarized, as this step is crucial for its legal validity.