As I discussed in a post last week titled, “Bye, Bye, Home Seller Warranties,” the key Minnesota forms change this year is dropping various Seller warranties that had previously been in the Purchase Agreement.
As a side effect of this omission, there is now much less need for “As Is” Addenda — historically, one of the most misunderstood (and frequently misused) forms in residential real estate.
How much less need for this Addendum?
At least at Edina Realty, if you want to use an “As Is” Addendum now, you need to get it from your office manager (it’s not available in the online forms library).
