This is a guide for Sellers and Buyers when selling or buying real estate. It is a great tool to educate you about the selling or buying process and also includes information on the real estate closing. State specific information about certain issues is included with the package.
Minnesota LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate
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The best way to market your home when selling by owner in Minnesota is to get on the local MLS. Properties listed on the MLS sell faster and for up to 13% more than non-MLS properties. Additionally, you can opt for professional real estate photography, social media sharing, FSBO yard signs, etc.
Listing agents represent home sellers ? as the name suggests, they create and promote the listing for a home that's for sale. Somewhat confusingly, selling agents represent the purchaser's interests and are therefore also known as buyer's agents. Listing agent vs. selling agent: What's the difference? - Bankrate bankrate.com ? real-estate ? listing-agent-sel... bankrate.com ? real-estate ? listing-agent-sel...
Two years The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action. Disclosure Requirements for Selling Minnesota Real Estate listwithclever.com ? real-estate-blog ? disclosure-r... listwithclever.com ? real-estate-blog ? disclosure-r...
In Minnesota, as in any other state, buyers and sellers are each responsible for specific closing costs. Closing Costs In Minnesota: Who Pays For What? | Bankrate bankrate.com ? real-estate ? closing-costs-in... bankrate.com ? real-estate ? closing-costs-in...
Attorney fees: As a seller, you are not required to hire a real estate attorney in Minnesota. But it's wise to hire a legal expert anyway, to help oversee the deal. Selling A Home In Minnesota | Bankrate bankrate.com ? real-estate ? selling-a-house-... bankrate.com ? real-estate ? selling-a-house-...