Sell Your House Fast in Minnesota. Get a Cash Offer From Local Investors.

How a Minnesota home sale closes

Minnesota closings are handled by a licensed closing agent, a title insurance agent or an attorney, on the date in your purchase agreement.

• Minnesota requires real estate closing agents to be licensed under Minn. Stat. 82.641.
• Licensed attorneys, real estate brokers and certain title insurance agents are exempt from that license.
• Ask the investor which title company or closing agent will handle your closing.
• Your purchase agreement sets the closing date, so pick one that fits your move.

Minnesota deed tax and closing costs

Minnesota charges a state deed tax of 0.33% of the net consideration when a deed is recorded.

• The rate is set in Minn. Stat. 287.21, and the tax is due when the deed is presented for recording.
• State law makes the seller liable for the deed tax, but a purchase agreement can assign it to the buyer.
• Hennepin and Ramsey counties may add a local deed tax of 0.01%, set to expire January 1, 2028 unless extended.
• Ask for a written estimate of your closing costs before you sign.

Seller disclosures in Minnesota

Minnesota sellers generally must disclose known material facts that could significantly affect an ordinary buyer's use and enjoyment of the home.

• The duty is in Minn. Stat. 513.55 and applies before you sign an agreement to sell.
• Disclosures are made in good faith, based on your knowledge at the time.
• You and the buyer can agree in writing to waive the written disclosure (Minn. Stat. 513.60). Other disclosure laws may still apply.
• Exceptions in Minn. Stat. 513.54 include foreclosure transfers, court-ordered transfers, transfers to heirs and transfers to a tenant in possession.
• If a disclosure becomes inaccurate, Minn. Stat. 513.58 calls for written notice to the buyer before closing.

Foreclosure process and timeline

Minnesota allows mortgage foreclosure by advertisement under Minn. Stat. chapter 580, using a published notice of sale.

• The notice of sale must be published for six weeks (Minn. Stat. 580.03).
• The occupant must be served a copy at least four weeks before the sale.
• After the sale, the general redemption period is six months (Minn. Stat. 580.23).
• A 12-month period applies in listed cases, such as when the amount due is under two-thirds of the original principal.
• Selling before the sale date may be an option. Confirm your dates with an attorney.

Probate and inherited homes

Minnesota's small estate affidavit cannot be used for real estate, so an inherited home often goes through probate.

• The affidavit covers personal property up to $75,000 and can be used 30 days after death.
• Informal probate is handled by the Probate Registrar in an administrative process, without court supervision.
• In informal probate, the personal representative may not sell real estate for 30 days after letters are issued.
• The court's guide recommends working with an attorney on the sale of estate real estate.

Selling a rental with tenants

When a Minnesota landlord sells, the existing lease generally transfers to the new owner.

• The Minnesota Attorney General's tenant handbook says the lease transfers to the buyer when a landlord sells.
• Many investors are open to buying homes with tenants in place.
• Share the lease, rent details and deposit records with the investor early.
• Tenant notice rules can be detailed, so talk with an attorney before any move-out plans.

Property tax and capital gains basics

Minnesota homestead classification can lower property tax on a primary residence, and federal law may exclude some or all of your home-sale gain.

• Homestead classification generally requires ownership and occupancy as your primary residence.
• Your county or city assessor can answer homestead questions after you sell.
• Federal law lets many sellers exclude up to $250,000 of gain, or up to $500,000 for joint filers (IRS Topic 701).
• You generally must have owned and lived in the home for at least 2 of the last 5 years.
• A tax professional can confirm how these rules apply to your sale.

Notes for military sellers

Service members selling in Minnesota may have federal protections under the Servicemembers Civil Relief Act (SCRA).

• For mortgages taken out before service, a non-judicial foreclosure generally needs a court order during service and for one year after.
• The SCRA caps interest at 6% on qualifying pre-service mortgages during service and for one year after.
• Qualifying service members may elect to suspend the IRS five-year test period for the home-sale exclusion for up to 10 years.
• Servicemember tenants with qualifying orders may have the right to end a residential lease early.
• A military legal assistance office or attorney can review your situation.

Tell us about the house

Property type, condition, timeline and address. It takes about two minutes.

Talk with a local investor

An investor who buys in your area calls to learn about the property and your plans.

Review your offer

A quick walkthrough confirms the details, then you review a written offer on your own time.

Close on your date

You choose the closing date. The title or escrow company handles the paperwork and the funds.