Relocating

Even if you’ve bought a home in another state, buying a home in Minnesota can be a bit different. Check out the main differences below.

• Certain municipalities in the Twin Cities have pre-list inspections done by a city code inspector. In Minneapolis, these are called Truth in Sale of Housing inspections (or TISH reports). These inspections do not replace a third-party home inspection. Read more about Minneapolis TISH inspections here.

• Unlike other states, attorneys are rarely involved in closings. Realtors have a fiduciary relationship with their clients and handle most aspects of the process. Your title company will conduct the closing of the sale, and all funds will be run through them. We can connect you with a trusted title company or you can select your own. 

• If you’re looking at single-family homes in Minnesota, you’ll very likely have a basement. These can be finished or unfinished spaces, and typically house the mechanicals of your home. Water heaters, furnaces, boilers, air conditioners, and different supply lines – you’ll learn about it all when we’re out on showings. 

• An arbitration agreement is part of every Minnesota purchase agreement. Most residential real estate purchase agreements in Minnesota offer the buyer and seller the option of agreeing to real estate arbitration, rather than a trial in court, as a way of resolving disputes after closing. You will have the option to agree or decline this agreement as part of your offer. 

• The state of Minnesota participates in dual agency. Dual agency occurs when a real estate agent from the same brokerage works on behalf of both the home buyer and seller, with all parties explicit consent. This is less common with boutique agencies like Quinby Partners, and happens more often with larger brokerages.