A contract for deed (CFD) is a method of purchasing property in installments. This seller-financed transaction involves risk for the buyer as the seller retains ownership and has opportunities to cancel the sale before all of the payments are collected. Legislation passed in 2024 tightened some regulations related to the process, leveling the playing field…
Property titles are a necessary part of ownership. They’re legal documents used to track ownership and are created by the jurisdiction (city, state, or county) where the property is located. When property is sold or transferred, specific steps are required to assign the title to the new owner. Understanding legal requirements for property title transfers…
Finding an amazing deal on real estate is a once-in-a-lifetime opportunity, and nearly impossible to walk away from. But buying a home as-is in Minnesota can be riskier than skating on thin ice. When a home is advertised “as-is” in Minnesota, it’s unlikely to include any guarantees about its condition or safety. Before making an…
When you decide to sell your home, you have two choices: work with a real estate agent or list your home for sale by owner (FSBO). Selling your home on your own lets you avoid paying commission to a real estate agent, which can seem like a great way to save money. While cutting out…
Buying your first home in Minneapolis is an exciting milestone! But once you start the process, it’s normal to feel like you’re in over your head or to question whether you’re making a smart investment. That’s why Minnesota offers several protections specifically designed to assist and safeguard first-time homebuyers in their journey to homeownership. While…
Selling your home can seem like a straightforward process in the beginning. You put the home on the market, entertain offers, and accept the offer that’s the best fit for your needs, in theory. But the actual process can be far more complicated, and if you’re not prepared, you could expose yourself to unnecessary risks…
Making the decision to sell your home is a big step. But before you can close on the sale and move into a new home, you need to make sure you’re telling the prospective buyers everything they need to know about the property. This goes far beyond just estimating the square footage. In Minnesota, sellers…
When you make the decision to buy or sell a home, the last thing you expect to happen is for the sale to fall through. Unfortunately, it can happen, often through no fault of your own. But figuring out how to handle the aftermath in a legal way is essential if you want to move…
Making the decision to sell your home is a big step, but once you find the right buyer, you expect the process to go smoothly. Though this is what happens in most cases, there may be instances when sellers want to back out of their real estate contract. Unfortunately, backing out isn’t always as simple…
There’s more than one way to sell a home, and for many homeowners, choosing between a private and a traditional sale can feel like a bit of a mystery. Both choices will let you sell your home to the buyer of your choice, but they work in different ways. Your Minnesota real estate attorney can…
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