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How long are you liable when selling a house in Minnesota? You can be held liable for two years from the closing date.
Property sellers are usually required to disclose negative information about a property. It is usually wise to always disclose issues with your home, whether you are legally bound to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.
Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
Important and relevant issues which need disclosing are: Flooding issues, whether current or historic. Any known structural issues concerning the property. Proposals for nearby development and construction (if applicable)
A real estate salesperson licensed in Minnesota is required to disclose to a prospective buyer all material facts of which the licensee is aware, which could adversely and docHubly affect an ordinary purchasers use or enjoyment of the property, or any intended use of the property of which the licensee is aware.
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How long are you liable when selling a house in Minnesota? You can be held liable for two years from the closing date.
Minnesota law requires that all sellers of residential property disclose to prospective buyers all material facts that could affect a buyers use and enjoyment of the property. Minnesota law also requires that real estate salespeople disclose to buyers material information that they may know about the property.
Minnesota law requires that all sellers of residential property disclose to prospective buyers all material facts that could affect a buyers use and enjoyment of the property. Minnesota law also requires that real estate salespeople disclose to buyers material information that they may know about the property.
What Do House Sellers Have to Disclose? The main point to bear in mind is that you need to be honest and disclose all known information about the property, both positive and negative. Secrecy and deceit are not permitted under any circumstances and may even lead to prosecution.
If the buyer asks, do you have to disclose if someone died in a house? Regardless of which state you live in, if the buyer asks whether a death has occurred in the home, you are legally required to tell them the truth or risk legal repercussions.

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