Closing Headaches — Exhibit A It’s not the biggest mistake Sellers can make — the maximum exposure is typically “only” a couple hundred dollars — but it’s still a headache that can delay if not jeopardize closing. The mistake? Representing that a non-homesteaded home is in fact “homesteaded.” Background What’s the distinction — and why does it...Read More

Disabled Veteran’s Property Tax Exemption Sellers don’t usually have to discuss their property taxes in the Seller’s Disclosure required by Minnesota law. For one thing, the current amount is plainly stated right on the MLS listing (and links to the county record). For another, how are sellers supposed to know what the future taxes will be? Going ...Read More

Ancillary Fees (& Taxes) Loom Larger If you have to ask how much something costs . . . you can’t afford it.–Author unknown One of the anomalies of today’s housing market is more properties discounted to the point where their purchase price is suddenly very attractive — the more so with interest rates seemingly falling...Read More