Minnesota has no cooling-off period. Here's how buyers and sellers can back out of a purchase agreement, who keeps the earnest money, and what it costs.
earnest money
Before you sign a Twin Cities builder's contract: the on-site agent works for the builder, earnest money runs about 5%, and upgrade deposits are often nonrefundable.
How to write a winning offer on a Twin Cities home in 2026 without overpaying—price, earnest money, appraisal gap, inspection, and terms that beat the field.