Michelle Haarstad, Realtor with RG LPT Realty

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United States
Coon Rapids, MN
Michelle Haarstad, Realtor with RG LPT Realty

Licensed in the state of Minnesota. The cold still gets me but the rest of the year is so amazing and it just can't be beat! Who you hire matters!!

I'm originally from sunny Southern California but I have lived in Minnesota for over 30 years so I guess I get to call myself a Minnesotan now! I have held many jobs in my adult life but when I decided to put all of my life skills and experiences together and become a Realtor, that is where I found my 'place'! Together my husband and I have 7 kids and 4 grand kids that keep us young and active. Tr

avel is something we do as much as possible and we do it often! I love to cook and entertain so if a great kitchen is important to you, I get it! We love having all of our kids over for a BBQ or family dinners so I know how important it is for me to really understand your wants and needs in your new home. How you live your life, how you will use your home, what you wish you had in your current house; knowing all of those things and sharing them with me will help you choose the perfect home and I can't wait to help you! I am an affiliate with Homes for Heroes, a wonderful organization that gives back to those who serve our communities. If you are Military, Police, Fire, EMT, Health Care Worker, or Teacher, you qualify for cash back at closing! Message me and I'll tell you how this very simple program works. Michelle Haarstad, CEO of The Michelle Haarstad Team, Lets Make a Move!

11/12/2025

10/31/2025

Just in case you are not aware, there will be more constraints surrounding cash deals next year. Here is a short intro to what is coming up - Cash buyers should know that they will be required to provide more information to their title company than they have in the past, and, it might take longer to process depending on how quickly they get that information back over to title.

Starting March 1, 2026, FinCEN's new rule requires reporting for certain non-financed residential real estate transfers to legal entities or trusts nationwide. These cash transactions will be subject to a new Residential Real Estate Rule (RRE Rule) which replaces the old Geographical Targeting Orders (GTOs) and requires settlement agents to collect and report data to FinCEN on the buyer, seller, property, and source of funds.
Key aspects of the rule
Effective date: March 1, 2026.
Scope: It applies to non-financed (all-cash) transfers of U.S. residential real property to a legal entity or trust. This includes properties like single-family homes, townhouses, condos, and vacant land intended for residential use.
Reporting agent: The closing or settlement agent (such as a title company) is responsible for filing the report.
Reporting details: The rule requires the collection and reporting of over 100 data points about the transaction, the parties involved, and the source of funds.
Purpose: The goal is to increase transparency and combat money laundering by closing a loophole in the real estate market where non-financed transactions could bypass anti-money laundering (AML) scrutiny.
Applicability: The rule applies nationwide and has no minimum purchase price.
Exceptions: Some transactions may be exempt, such as those involving a financing institution with AML obligations, or certain 1031 exchanges where the buyer is not a legal entity or trust.
What this means for buyers and sellers
More data collection:
Buyers and sellers may need to provide more information during the closing process than they have in the past, even for transactions that appear simple.
No minimum price:
The rule has no minimum price, so it applies to all qualifying cash residential transactions.
Potential for added fees:
Settlement agents may charge fees for the additional work required to comply with the new reporting requirements.