Never buy a house on August 1st

August first is a day when new laws go into effect in Minnesota and it is also the day of the annual changing of the real estate contract forms.

Numerous changes go into effect today on Minnesota real estate contracts. We don’t get to see or use those contracts ahead of time. When August 1st comes our old forms are replaced with new forms.

We are given instructions and a list of changes and some years there is even a “forms” class we can attend which is by far my favorite real estate related educational opportunity.

This year we are getting rid of page numbers. That might not sound like a big deal but it is. Many agents struggled with page numbers.

If you must buy a house on August 1st at least wait until the afternoon so we have a chance to familiarize ourselves with the contracts before we have to write one.