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Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.

Under Minnesota law, pursuant to the Minn. Stat. § 559.217, either the buyer or the seller have the right to initiate a statutory cancelation of a residential purchase agreement if a default occurs or an unfulfilled condition exists after the date specified for fulfillment.

Yes, you can sell your house as is for cash in Minnesota. They list their homes on cash marketplaces like Houzeo and Sundae. Additionally, sellers can market their homes to institutional cash buyers. Selling property as-is in Minnesota to cash buyers will fetch you low ball offers up to 50% of the Fair Market Value.

What an As-is Addendum Does: ?as-is.? In other words, the buyer is purchasing the home in the current state it is in, at the time of contract/closing, without the expectation of repairs/upgrades on the seller's part.

'As-Is' means the property is being sold in its current condition, including all and any defects. The property will typically be sold without warranty except for the warranties of title and any other warranties listed in the real estate contract.

The legal term ?as is? in a written contract means that the buyer must be willing to accept the home in its current condition. If you are the buyer, this means that you forgo the opportunity to ask the seller to make any repairs or reduce the price based on problems the property may have.