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In Michigan, sellers typically pay for the title and closing service fees, transfer taxes, and recording fees at closing. Optional costs for sellers include buyer incentives, pro-rated property taxes, or for an attorney. Buyers, on the other hand, pay for things like mortgage, appraisal, and inspection fees.

5 tips for selling your home without a realtor in Michigan Make minor repairs. Small upgrades and repairs can do a lot to sway potential buyers. ... Price your Michigan home competitively. ... Stage and market your home. ... Prepare for showings. ... Negotiate for the best possible price.

One important requirement is that all contracts for purchase or sale of real estate must be in writing. An offer made and accepted in a phone call or conversation is not enforceable. The buyer in a FSBO process should be prepared to make an offer in writing.

Closing costs are paid ing to the terms of the purchase contract made between the buyer and seller. Usually the buyer pays for most of the closing costs, but there are instances when the seller may have to pay some fees at closing too.

In Michigan, the probate court will either grant an estate representative the right to sell property during the probate proceeding or they won't. Without the court's authority, the property cannot transfer.

Buyer closing costs comprise some mandatory expenses irrespective of the mortgage type. These include Michigan appraisal fees, loan origination fees, underwriting fees, etc. Additionally, there are some costs specific to the type of home loan. These are MIPs, funding fees, guarantee fees, etc.