Real Estate Law in Michigan

Michigan does not require attorney representation for real estate closings, though attorney involvement is common in metro Detroit and complex transactions. Closing fees range $600-$1,500. Michigan transfer taxes include a state rate of $3.75 per $500 and county rate of $0.55 per $500. Property taxes average 1.38% of home value. Michigan's Seller Disclosure Act requires comprehensive property condition disclosures. The state's diverse real estate market ranges from Detroit's recovering urban market to affluent suburbs like Birmingham and Bloomfield Hills, northern Michigan vacation properties, and college town markets in Ann Arbor and East Lansing. Land contracts are more common in Michigan than many states, creating unique closing requirements.