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Minnesota seller disclosure

How Do You Spell “Ice Dam?” (Hint: the “N” is Silent)

How do you spell “ice dam?” I know more than a few local homeowners filling out their Seller Disclosure this Spring ” or maybe just bad spellers ” who are tempted to add an “n.” And if you had one this past Winter, you’d better disclose it. Either that, or hope that: a) the Buyer’s inspector...
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Minnesota Seller Disclosure: “Are You in Possession of the Prior Seller’s Disclosure Statement?”

Meticulous Record Keeping = Meticulous Maintenance? “Are you in possession of prior seller’s disclosure statement(s)? (If “Yes, please attach).” –Minnesota Seller Disclosure; p. 1, line 44. [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice,...
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What Home Sellers Waiving the Seller’s Disclosure Should Never Ask Their Realtor

TWO Duties to Disclose:  Owner’s . . . and the Agent’s [Editor’s Note:  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] At least in Minnesota, it’s permissible for Sellers to tell...
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Asbestos Tiles in the Basement: How Big a Deal? (and Discount)

Not Exactly a Non-Issue, But . . . [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] “To your knowledge, have any of the following previously existed or do they currently...
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The Three Most Dangerous Blank Lines in Residential Real Estate

Housing Deal Deadlines & Other Key Terms No, I don’t recall ever handling a real estate deal where the Buyer or Seller omitted to fill in the purchase price or the closing date. But, I have handled multiple deals where the other side left blank something almost as significant. The three biggest ” and most...
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How Do You Spell “Ice Dam?” (Hint: the “N” is Silent)

How do you spell “ice dam?” I know more than a few local homeowners filling out their Seller Disclosure this Spring ” or maybe just bad spellers ” who are tempted to add an “n.” And if you had one this past Winter, you’d better disclose it. Either that, or hope that:  a) the Buyer’s inspector is...
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