The Minnesota Housing Market is Rebounding – Are You Ready?
The 2020 housing market is doing better than most experts have predicted. In March, when the COVID-19 pandemic shut down much of the country and sparked a global recession, many assumed the real estate industry would crash along with it. But now, with interest rates strong and home prices at nearly one-and-a-half percent higher than they were last year, the housing market across the U.S. and in Minnesota remains optimistic. This blog will provide a glimpse of the current housing market and outline the reasons a Minnesota real estate lawyer can ensure both buyers and sellers make the most of this uncertain, yet hopeful time.
Twin Cities Real Estate Attorney
The real estate attorneys at Edina’s Morris Law Group, P.A. can provide buyers and sellers with representation during a property sale – including both parties or just one of them. At the same time. Morris Law Group has an on-site title company – MLG Title, L.L.C. – to handle the closing.
That means our team can offer full-services to buyers and sellers, streamlining the process and ensuring both sides come through the sale feeling well-informed, confident in their decisions, and financially secure. We understand the housing market. Our team will help you make the right decisions for your finances and your future.
Morris Law Group offers Minnesotans 65 years of combined experience throughout the Twin Cities and surrounding areas. Our attorneys have a reputation for diligence, affordability, honesty – and a high success rate. Our Edina attorneys provide large legal resources and assistance with a personal touch. We understand your needs, because we are local, too. For more information or to arrange a free consultation, call us today at 952.832.2000 or fill out our contact form here. Again, your first consultation is free.
The Minnesota Housing Market and COVID-19
Recent reports indicate the housing marketing shows a lack of available properties and low interest rates. That has kept the price of homes in the state rising. If you are a seller, it’s a good time to buy with the help of an attorney. And, if you are a buyer, an attorney can help you negotiate the best home at the best price for you.
But can’t a real estate agent do that? Yes. However, real estate agents can’t answer most of the legal questions that often arise during property transactions. Real estate attorneys help buyers and sellers avoid surprises that could delay the closing. By hiring an attorney, you pay someone who will be your advocate. In a buying situation, on the other hand, a real estate agent may represent you and not the seller – but it is the seller who pays the agent’s commission. So the agent naturally is inclined to side with the seller, not the buyer.
What is the Role of a Title Company?
A title company makes sure the title to a property is legitimate and issues title insurance for the home or business. Title insurance protects the lender against lawsuits that can result from disputes over the title.
In some cases, an attorney can perform the same duties as a title agent. However, a title agent cannot give legal advice. That being said, having a one-stop shop for real estate law and title insurance is an advantage to buyers and sellers that can save them time, money, and stress.
Want to learn more about our full-service law firm? Visit us here.
About Morris Law Group
Integrity and trust is the foundation of our practice. Our passion for client success is matched only by our experience, our reputation for excellence, and our deep understanding of each and every client’s individual needs.
At Morris Law Group, we don’t just counsel our clients. We invest in them.
We’ve been serving the Edina and Twin Cities communities since 2002. Our attorneys provide personalized legal services to clients seeking help in real estate, business development, commercial litigation, and other matters.
Our Edina attorneys experienced in these areas – Founder Richard L. Morris, Lillian Ballard, Bethany Danner, and Linda Thompson– believe that relationships matter, whether a client is trying to navigate a purchase agreement, get a business off the ground, or dissolve a partnership.
Morris Law Group is the best Minnesota law firm for all of your real estate and business legal needs. We advocate for our clients with professionalism, empathy, and with a results-driven approach.
Morris Law Group, P.A. an Edina, MN based law firm serving the Minneapolis, Saint Paul and Western Wisconsin, Twin Cities Minnesota metro area. Let’s get started today. For more information or to book a free consultation, call 952.832.2000 or fill out our contact form here.