You know your Minnesota home better than anyone, including its flaws. If you’re making plans to sell, you may be wondering how much you need to reveal on the Minnesota seller disclosure form, officially known as the Seller’s Property Disclosure Statement. This form provides potential buyers with a clearer picture of your property’s condition and history, enabling them to make a better decision about its condition. Additionally, it can also protect you from potential legal hiccups. In this post, we’ll tell you what to expect, how much detail to provide, and what could go wrong if you leave something out. We’ll also provide a downloadable Disclosure Litmus Test to help you identify any red flags. The Minnesota seller disclosure form, or Seller’s Property Disclosure Statement, is a document developed by the Minnesota Association of Realtors. It’s designed to help you disclose any known issues or facts about your home that could affect its value or a buyer’s decision to move forward. Minnesota law requires sellers to disclose all material facts — in other words, anything that could impact the buyer’s use or enjoyment of the property. The Seller’s Property Disclosure Statement form acts as a guide to help you do this thoroughly. It covers everything from structural issues and past repairs to neighborhood conditions and HOA rules.What is the Minnesota seller disclosure form?
