3 Questions to expect at closing if you are buying a home in Minnesota

House5Buying a home in Minnesota? Here are three questions you should be prepared to answer at the closing table.

1) How do you want to take title? Most married couples go into title as joint tenants, which means that if one dies their portion automatically goes to the other. Tenants in common don't have to own equal shares and ownership follows probate. In Minnesota, even if you go into title as a sole owner your spouse automatically has joint ownership, even if you buy before you marry. More info at Taking Title… Joint tenants? Tenants in common? Living trust?

2) Do you want owner’s policy title insurance? You are required to purchase title insurance for your mortgage lender, but have the option to purchase for yourself as well for a few hundred dollars more…read about an example in the posts linked below. Personally I would never buy a property without it.

3) Will this be your primary residence? If yes, they will provide you with     information/documents at closing to file for homestead. There is no charge for homesteading, you only need to do it once, and it can give you a break on your taxes; if the property is already homesteaded and you fail to file once you own the property, your property tax may increase.

Sharlene Hensrud, RE/MAX Results – EmailMinneapolis Buyer's Agent


Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!


Blog Categories


Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.