Not sure what you mean by a "grace period". Are you talking about moving in to the property? Here in MN we do not have the held escrow process like they do in other states. Once you close, you officially own the property.
Or are you the seller and wondering if you can have a few more days to move out?? Not sure........
In any event, I'm sure your agent will have the answers you need, but tell us your circumstances and we will tell you what we know!! :)
Good luck~... more
The highest priced duplex currently for sale in nokomis is $349k and the highest sale is $257k within the past 6 months. With that said it looks as though you probably wont be able to sell right now and get close to what you purchased it for. I think rents and possibly values of duplex's will go up due to the increased demand for rentals since the tightening of the mortgage market. You should try to see if you could squeeze a little more rent out of the units or have the tenants pay the utilities also so you could afford to hang on to this investment longer.... more