http://www.minnesotainvestmentrealestate.com/buying-property/sellers-disclosure-is-required/ How to find, buy, and own Minnesota investment property. Thu, 29 Jul 2010 15:13:01 -0500 http://wordpress.org/?v=2.9.1 hourly 1 http://www.minnesotainvestmentrealestate.com/buying-property/sellers-disclosure-is-required/comment-page-1/#comment-872 Jeanie Hoholik - Twin City Real Estate Chat Wed, 10 Dec 2008 03:17:05 +0000 http://www.minnesotainvestmentrealestate.com/?p=640#comment-872 A good Realtor will advise his/her client to check out the property with their inspector FIRST. After that process and the buyer is OK with it, it's the buyer's problem if there are issues. Usaully, not a big deal. But, make sure to give the buyer plenty of time on the p.a. to back out. Most folks know that in a bank owned property situation, it will be the buyer's issue. Better beware of city inspections, assessments, liens, etc. One can only be so careful! Even after closing, there may be "hidden" assessments due to errant title companies. It can be a true nightmare to unravel the city assessments from the past. Seller's diclosures and 311 will only take you so far. A good Realtor will advise his/her client to check out the property with their inspector FIRST. After that process and the buyer is OK with it, it’s the buyer’s problem if there are issues. Usaully, not a big deal. But, make sure to give the buyer plenty of time on the p.a. to back out. Most folks know that in a bank owned property situation, it will be the buyer’s issue. Better beware of city inspections, assessments, liens, etc. One can only be so careful! Even after closing, there may be “hidden” assessments due to errant title companies. It can be a true nightmare to unravel the city assessments from the past. Seller’s diclosures and 311 will only take you so far.

]]> http://www.minnesotainvestmentrealestate.com/buying-property/sellers-disclosure-is-required/comment-page-1/#comment-869 MN Properties Tue, 09 Dec 2008 22:21:37 +0000 http://www.minnesotainvestmentrealestate.com/?p=640#comment-869 This is a great post Scott. Albeit, most banks continue to play by their own rules and it will always be a "buyer beware" market when it comes to buying an REO. This is a great post Scott. Albeit, most banks continue to play by their own rules and it will always be a “buyer beware” market when it comes to buying an REO.

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