Real Estate Purchase Agreement Template - Minnesota

A Minnesota Real Estate Purchase Agreement is a legally binding document completed and signed by the owner of real property and its buyer to outline their legal rights and responsibilities regarding the house, apartment, or any type of commercial property in question. Since the purchase of real estate can be the biggest financial transaction in the lives of most people, it is necessary to negotiate all terms and provisions before you put your signature under the contract - you must protect your interests and obtain proof of payment - the agreement is considered invalid without a consideration paid for the subject matter. Property owners, on the other hand, have to confirm the present condition of the premises they intend to sell and transfer the ownership to another individual or entity to make the deal official in the eyes of the law.

There are no state-specific forms or templates for Minnesota residents to fill out when selling or buying real estate. Make your own Minnesota Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

The seller is responsible for providing two more documents when selling their residential property and formalizing the deal with the buyer:

• A Property Disclosure Statement lists potential issues or existing problems with the residential property;
• A Lead Disclosure notifies the purchaser about lead-based paint used in the construction process of the residence build before 1978.