What does it actually cost to sell a house in Minnesota?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
Plan around four categories. Agent compensation is negotiated in your listing agreement. Since the 2024 rule changes, whether and what you offer a buyer's agent is your call, not a default. Minnesota's state deed tax runs about a third of one percent of the sale price, per the Minnesota Department of Revenue. Hennepin and Ramsey counties each add a small surcharge on top. Title and closing fees — settlement, recording, and the title work proving you can sell what you're selling. And the deal costs — inspection-driven repairs or credits, plus your prorated share of the year's property taxes.
On stage The 60-second answer
Captions on · Transcript below
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The longer answer
Prep is the wild card on top: sometimes a few hundred dollars of paint and mulch, sometimes real money. That one's a strategy conversation, because not every prep dollar earns two back.
(I'm not your CPA, and this isn't tax advice — exact figures come from the title company, to the penny.) The full picture is knowable before you list. Ask for the net sheet first. Surprises at the closing table are the one thing I won't allow.
The next department over
What people in this spot usually ask next.
- Pricing & equityHow much money do we actually walk away with when we sell?Read the answer
- Costs & taxes, Minnesota-specificWhat are Minnesota's deed tax and mortgage registry tax?Read the answer
- Costs & taxes, Minnesota-specificWill we owe capital gains tax when we sell our house?Read the answer
- Timing & seasonalityWe want to move next summer. When do we actually need to start?Read the answer
- Costs & taxes, Minnesota-specificOur property tax assessment jumped. Can we appeal it?Read the answer
- Rules & representationWhat do I legally have to disclose when I sell my house in Minnesota?Read the answer
From the editor's desk
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