Buying property can be an emotional and stressful time. People are hoping to get a fair deal for their money, but can easily overlook significant issues in their excitement and rush to meet closing deadlines. Minnesota requires residential property sellers to fill out a disclosure form to provide the buyer with a complete and accurate…
Closing on a home or other property is a highly anticipated event that can take months to come to fruition. Yet there are many legal and administrative steps along the way, and even one small mistake – an overlooked lien or human recording error – can derail the entire process. Such defects cost time and…
Mistakes happen in real estate sales, and they can be costly. The complexity of real estate transactions require attention to detail and specific knowledge of areas prone to errors. Mistakes in real estate transactions can cause a cascade of delays that often result in the sale falling through. Having an experienced team of professionals on…
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…
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