On the 15th of April it seems fitting to talk about taxes, but this is a real estate blog, so let’s discuss property taxes. In Minnesota property taxes can be paid by the property owner themselves, but it is more common for the taxes to be paid from an escrow account set up by the […]

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Negotiating an offer to purchase real estate involves more than coming to agreement on price. Other terms that must be agreed upon include;

Date of closing
Date of possession
Payment of taxes
Closing cost contributions
Inspection contingencies
Down payment amount
Earnest money amount

Of these common terms of an offer, earnest money is the one that always requires the most explanation to my clients. The Wikipedia […]

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During a recent showing my client asked “What stays with the house and what will the owner take?”. This is really a common concern for buyers and sellers, and the actual question is “What is personal property and what is real property?”. Real property stays with the property when the the deed transfers to a new […]

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