Real Estate Sale Agreements - Eden Prairie Purchase Attorneys

Find the right Home Sale attorney in Eden Prairie, MN

Home Sale Law in Minnesota

The decision to buy or sell a house, or other piece of real property, is very critical. For most, it's one of the most crucial financial decisions of their life.

In Eden Prairie, Minnesota, it's perfectly legal for individuals to buy and sell homes without the assistance of a third party. Nonetheless, this isn't the only option, and isn't always the best option, either.

For that reason, it's usually best to buy and sell property through a real estate broker. This is a person who helps a person buy or sell a home. They serve as an intermediary between the buyer and seller, help sellers find buyers, and help prospective buyers. They also handle a great deal of the paperwork and other formalities involved.

Eden Prairie, Minnesota real estate brokers are usually paid by taking a pre-determined portion of the house's sale price.

Getting a Mortgage in Eden Prairie, Minnesota

First and foremost, if a buyer asks any question of the seller relating to physical defects in the property, the seller must, under all circumstances, be as truthful as possible. In this case being "as truthful as possible" means answering such questions to the best of your knowledge, and making reasonable efforts to find the answers if you don't know them. Lying in this case is very bad idea, and will expose you to serious civil penalties

There are some defects, however, that the seller should disclose whether asked or not. Generally, if the seller knows about any defects that are not readily apparent, he or she should disclose them to the buyer, whether or not the buyer directly asks. This will greatly reduce the chances of the seller being held liable for any defects.

Buyers, nonetheless, also have duties in this area. A buyer will not be rewarded for refusing to exercise due diligence.

Buyers have to conduct reasonably-diligent inspections of land they want to buy. If they refuse to do so, they can't sue for any defects which they could have easily discovered.

Can a Eden Prairie, Minnesota Real Estate Attorney help?

Buying a house can be an exciting, but challenging, experience. Most home buyers want to focus on the positive aspects that come with home-ownership, and ignore the tedious paperwork and legal issues. A reputable Eden Prairie, Minnesota real estate attorney can enable this.

Talk to a Real Estate Law Attorney now!

Life in Eden Prairie

Eden Prairie, Minnesota is a city directly outside downtown Minneapolis. Its population is approximately 50,000 people.

There are many scenic lakes and ponds in Eden Prairie, and the city has over 170 miles of hiking trails to take advantage of this scenery, along with over 2,200 acres of parks, and 1,300 acres of open space.

Until the early 1960s, Eden Prairie was largely a bedroom community for the nearby cities of Minneapolis and St. Paul (a community consisting almost entirely of residences, where residents commute to a larger city for work). However, it now boasts over 2,000 businesses, and hosts major offices of many large businesses in the healthcare, logistics, retail, and distribution industries.

Money Magazine frequently names Eden Prairie as one of the best places in America to live, thanks to a variety of industries creating many different types of jobs, its natural scenery, the quality of its public schools, among many other factors.

Furthermore, there are plenty of Eden Prairie, Minnesota lawyers who can provide virtually any legal services you might need. Eden Prairie, Minnesota lawyers can handle almost any kind of case.

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