Buying a home is one of life’s biggest events. We invest our hopes and dreams for the future in finding just the right place, but for the inexperienced, the purchase process can be fraught with pitfalls. Even after following all of the strict rules for deposits, inspections, and negotiations, the unexpected can cause a sale…
Selling a home or other property in Minnesota is a big task. Most people hire a realtor but having the assistance of a real estate attorney is an alternative option. The state attorney general publishes an online guide to selling your own home, outlining the important steps, yet there are many nuances like negotiations and…
Risk is inherent in every transaction you make, but why take unnecessary risks and rush into a legally binding contract without getting legal advice? It’s easy to get swept up in the emotion of a home purchase, thinking it might slip out of your hands if you don’t act quickly to secure a deal. It’s…
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…
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