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The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action.
Minnesota law specifies that the seller of a residential property must make a written disclosure to the prospective buyer that includes all \u201cmaterial facts of which the seller is aware that could adversely and significantly affect 1) an ordinary buyer's use and enjoyment of the property, or 2) any intended use of the ...
Minnesota law requires that all sellers of residential property disclose to prospective buyers all \u201cmaterial facts\u201d that could affect a buyer's 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.
The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action.
Minnesota law specifies that the seller of a residential property must make a written disclosure to the prospective buyer that includes all \u201cmaterial facts of which the seller is aware that could adversely and significantly affect 1) an ordinary buyer's use and enjoyment of the property, or 2) any intended use of the ...
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The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action.
In Minnesota, that means that if somebody has been murdered in a home, the real estate agent has a duty to disclose it to the buyer, said Chris Galler, CEO of the Minnesota Association of Realtors.
In both Minnesota and Wisconsin, you generally do not have to disclose to a buyer that a person died in the home.
8 top home selling mistakes you should avoid Underestimating the costs of selling. ... Setting an unrealistic price. ... Only considering the highest offer. ... Ignoring major repairs and making costly renovations. ... Not preparing your home for sale. ... Choosing the wrong agent or the wrong way to sell. ... Limiting showings.
The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action.

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