Sell your house for cash in Minnesota

How to sell a house for cash in Minnesota, step by step

1. Get your numbers first. Call your lender for a payoff statement and check your county tax bill. Run a quick estimate with our cash offer calculator so you know what a fair offer looks like.
2. Request several offers. One offer tells you nothing. Get at least two, from local investors, iBuyers that serve your area, or Cash Offer Desk where we buy, and check each one with the calculator.
3. Compare more than price. Look at the closing date, who pays closing costs and the transfer tax, the inspection period, earnest money, and whether the buyer will assign the contract.
4. Close with a professional. Title companies handle most closings. Attorneys are optional.
5. Get paid at closing. Your mortgage and any liens are paid from the sale proceeds, and the rest is wired to you or paid by check.

Wholesalers in Minnesota

No wholesaling-specific statute was found as of October 2026. Assigning your own purchase contract is generally treated as a principal transaction, but marketing or negotiating the sale of real estate for someone else requires a license under the state's general brokerage law. Minnesota's license law is Minn. Stat. ch. 82.

Wherever you live, ask every buyer one question: “Are you buying this house yourself, or will you assign the contract?” A wholesaler can still be a fine option if they are upfront about it. Read our guide to wholesaling for sellers before you sign.

Closing costs and taxes

Minnesota's deed tax is 0.33% of the price ($1.65 per $500), slightly higher in Hennepin and Ramsey counties. The seller customarily pays; buyers pay a separate mortgage registry tax on new loans.

Many cash buyers offer to pay closing costs. Get that in the contract, and ask which costs it covers. Capital gains rules are federal and state; a tax professional can tell you what you will owe.

Do you have to disclose problems?

Sellers must disclose known material facts under Minn. Stat. 513.52 to 513.61. They can satisfy this with a written disclosure, a qualified inspection report, or a written waiver signed by both parties. Separate well and septic disclosures also apply, and some transfers, including certain fiduciary sales, are exempt.

If you are behind on payments

Most foreclosures are non-judicial 'foreclosure by advertisement'. After the sheriff's sale, owners usually have 6 months to redeem, or 12 months in some cases such as when at least a third of the loan has been paid.

Selling before a foreclosure sale can protect your equity and your credit, but watch for foreclosure rescue scams. Never sign your deed over to anyone outside of a formal closing. A free HUD-approved housing counselor can walk you through every option. More in our foreclosure guide.