The real estate market in the Twin Cities hasn’t slowed down in the last year. In fact, homes in the metro area have been selling very quickly and often above asking price. You may be ready to wade into this market. Maybe you want to purchase a new home for your...
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Residential Real Estate
Can your neighbor sue you if your tree blocks their view?
Trees on a property can substantially contribute to the property's overall value. Depending on the placement, species and age of a tree, mature hardwoods can potentially increase your property value by several thousand dollars. That is due to a combination of the...
Time of year can affect sale of residential property
Our readers may have noticed some interesting trends with regard to how and when homes appear on the real estate market. It may seem like there are rarely homes for sale in the dead of winter, but when the weather begins to warm up more homeowners place "for sale"...
Minneapolis residential real estate market is strong
According to real estate experts, 2015 ended with a positive swing in the local housing market. Based on continuing trends, it appears that 2016 will build on last year's successes, at least in some areas of the greater Minneapolis community. Particularly, communities...
What problems can arise during a residential real estate closing?
Finding the right home can be a challenge for some Minneapolis buyers. After months of searching for the right house in the right neighborhood with the right amenities, it can seem like an eternity to finally get to the day of closing on the property. While...
The basics of a real property title
All across Minneapolis people own real property. Individuals own homes, condos, businesses and tracts of land. Some own their property outright while others are paying off mortgages or other loans in order to secure their full ownership. When a person seeks to own a...
Residential real estate construction up in Minneapolis suburbs
When a Minnesota resident begins the process of buying a home, the person has some important decisions to make. One of those decisions concerns whether the person will buy a new construction or an existing home. While a new construction home is one in which the buyer...
What can go wrong with an FSBO transaction?
A for sale by owner transaction, is a real estate sale that generally does not use real estate agents or attorneys on the seller's side to effectuate a real property transaction. Many Minnesota residents try to undertake such transactions every year and some have...
Three simple steps to reduce your home’s radon risk
Whether you are a Minnesota home buyer or a home seller, you likely have more than enough to worry about. Simply reading through all the legal documents that accompany a real estate purchase or sale can keep a person busy for days. With this in mind, it's unlikely...
Remember to Send the 21-Day Letter After Your Tenant Leaves the Property!
If you withhold any portion of a security deposit, Minnesota law requires that you send a written statement to your tenants within twenty-one days after move-out. Minn. Stat. § 504B.178, subd. 3(a). This statement, known as a 21-day letter, must explain the reason for...