Minnesota Seller Disclosure Confusion
The heart of the Minnesota Seller Disclosure is an alphabetical table listing the home’s various features, followed by a “Yes” or “No” after each item to indicate whether they’re in working order.
Since time immemorial, at least a few Sellers have misunderstood the “No” to mean, “No, I don’t have that item” rather than the intended, “No, I have the item and it’s not working” (“Yes” means the home has the item and it is working).
No More Ruler
Attentive listing agents (I am) always take care to explain this ambiguity to Sellers, and further instruct them to line out items they don’t have (I’ll often even bring a ruler with me to facilitate that).
No more: the new Minnesota Seller’s Disclosure (as of Aug. 1) now has a third column, “N/A,” to let homeowners indicate they don’t have the item.
Yay!!
