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Ask the Real Estate Broker

Q:  We purchased a home and have since discovered some issues that were not disclosed to us at the time of purchase.  What are the requirements of the seller to let us know of any problems with the home?

 

A:  Under Minnesota Law Statutes 513.52 through 513.60 the seller is required to disclose in writing any material facts of which the seller is aware that may adversely and significantly affect the buyer’s use and enjoyment of the property.   When completing the disclosure statement the seller should complete the form and review the prior disclosures if available and any inspections they may have in their possession.  If you feel the seller had certain knowledge about the property and failed to disclose it you may have a claim against the seller.  You should find out the cost of correcting the defect and based upon that decide your course of action, if any.  If you decide to pursue a claim you should seek proper legal advice.

 

Patrick Wiebusch is Broker/Owner of RE/MAX Lakes Area Realty and has been in real estate for over 20 years.  He is a graduate of the University of Minnesota Carlson School of Management and currently is a member of the Professioanl Standards Committee for the Minnesota Association of Realtors.

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How Expensive Conservatorship in Los Angeles is?

In Los Angeles, once an individual is defined as mentally disabled and the court settles a conservatorship, different fees will be required by the conservator on the custody. It is actually expensive. People would have to spend funds even before the conservatorship is settled by the court, same as persistent expenses after the conservator is in place.
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Real Estates

Real Estates - Real estate businesses in India are in the increasing number of students, tourists and bureaucrats, the real estate in Metros has become one of the sought after deals in India. Flats, houses, plots, industrial lands and residential plots are the main segments in which the real estate business is flourishing. Rates of real estate in the metros depend upon various factors like location, accessibility to everything and so on.