Is There Such a Thing as TMI (“Too Much Information”) on the Seller Disclosure? (Hint: “No”) I don’t know about other parts of the country, but here in conscientious, neighborly Minnesota, home sellers are more likely to volunteer too much information rather than too little on the required state disclosure form. As their Realtor, I’m...Read More
Why the Homestead Exemption Matters “If the Property Tax status is part- or non-homestead classification in the year of closing, Seller __ Shall __ Shall Not pay the difference between the homestead and non-homestead.” –lines 78. – 79.; 2015 MAAR-approved Purchase Agreement At least for more expensive Minnesota homes, the rule on non-homestead taxes is blissfully simple:...Read More
