Expert answers from Michigan's trusted cash home buyers. Questions? Call (269) 389-9961 anytime.
Michigan law requires sellers to provide buyers with: HOA bylaws and rules, current year budget, most recent reserve study, monthly dues statement, meeting minutes from the past 12 months, and any pending special assessments. Cash buyers typically need fewer of these documents, but disclosure is still required.
Outstanding HOA dues are a lien on the property and must be paid at closing. If you're behind on dues, the title company will withhold enough from sale proceeds to clear the balance plus any accrued penalties. Some Michigan HOAs also charge a transfer fee ($100-$500) at sale.
Michigan HOAs generally don't have the right to approve or disapprove a sale — only to collect outstanding dues. However, some Michigan condo associations may have right of first refusal (they can buy the unit at the contract price before an outside buyer). Review your condo docs carefully.
Special assessments are extra charges beyond regular dues for major repairs or improvements (roof replacement, parking lot repair, etc.). Pending or approved special assessments must be disclosed to buyers. Even if you'll pay the assessment before closing, a pending large assessment affects the buyer's decision and must be revealed.
Yes — if you have open HOA violations (fines, notices of violation), disclose them. HOA violation fines can become liens. The buyer will discover these in their due diligence anyway — transparent disclosure builds trust and prevents post-closing claims.
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