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How long are you liable after selling a house in Minnesota?

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.

What do you have to disclose when selling a house in Minnesota?

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 ...

Is Minnesota a disclosure state?

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.

How long are you liable after selling a house in Minnesota?

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.

What do you have to disclose when selling a house in Minnesota?

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 well disclosure certificate

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How long are you liable after selling a house in Minnesota?

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.

Do Realtors have to disclose death in a house in Minnesota?

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.

Do you have to disclose a death in a house in MN?

In both Minnesota and Wisconsin, you generally do not have to disclose to a buyer that a person died in the home.

What should you not do after selling your house?

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.

How long are you liable after selling a house in Minnesota?

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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How long are you liable after selling a house in Minnesota?

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