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Minnesota law does not require the use of any particular purchase agreement form for selling your house. However, it is not recommended that you try to write your own purchase agreement if you are selling FSBO. These are the two forms that are commonly used and are a good source of information for the FSBO seller as well as sound legal documents:
1)The Minnesota State Bar Association's Minnesota Standard Residential Purchase Agreement.
2)Minnesota Association of Realtor's Purchase Agreement.
You can compare the two to decide which suits your needs at the link at the bottom of this page. When people ask me what is the main difference in these forms the answer is--The Realtor's form is much simpler and should be adequate if your sale is uncomplicated. If there are complications you might want to see if the Bar Association Form meets your needs.
You can buy these forms from the publisher at www.millerdavis.com. An individual must order two copies of each page of the purchase agreement at $4.95 per page. This comes to $29.70 for all pages of the Realtors purchase agreement and $79.20 for the complete Bar Association's purchase agreement which now numbers a total of eight pages. Plus $5 postage and handling.
Since you probably only need one copy of each page, I will send you single sets of these forms at a much lower cost:
$46 for the Minnesota Standard Residential Purchase Agreement by the Minnesota State Bar Association
$20 for the Minnesota Association of Realtors Purchase Agreement.
These are the same copyrighted forms the publisher would send you.
For a limited time I will pay postage and handling.
If you wish to view the two forms to compare them you may do so at the following url:
http://www2.mnbar.org/sections/real-property/forms/paopener.html
Email me at house@tandtmn.com for ordering instructions.
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