28 Jul The Truth about Truth-in-Housing
When Selling your Savage MN home, there are no mandatory inspections, nor is there any obligation for the Seller to fix items in the home. It’s also true for Selling a home in Eagan, Lakeville, Rosemount, Burnsville, Farmington and Prior Lake too.
Conversely, when selling a home in Minneapolis or St. Paul and many of the surrounding first ring suburbs, the sellers must have a Truth-in-Housing Inspection and, in some areas, the Sellers must repair certain, hazardous items. Other terms in the Twin Cities for these inspections are Time-of-Sale Inspection or Code Compliance Inspection.
Why the Difference? Why do some Cities require an Inspection and the South of the River Homes do not require them? These inspection are approved by local City gevernments inan effort to keep the Housing Stock of the city in good repair. By rquiring the sellers of a home to make repairs, the homes are generally in good shape as they change hands. Usually the rpairs are required only for hazardous itmes or code changes.
The reason our local Cities have not adopted Truth-in-Housing Inspections is primarily because the ‘Housing Stock’ South for the River is relatively new. A few years ago, the proposal to establish some type of Inspection Requirements was before the Burnsville City Council, but was not approved. If you are considering purchasing an older home in Burnsville, it would be wise to have the home inspected by a professional inspector. Be sure to negotiate repairs for hazardous items or code compliance items, found by your inspector, into the terms of the purchase agreement. By doing this, you may avoid the costs of required repairs if the City establishes Truth-in-Housing ordinances. It’s actually a good idea to consider the possiblity of future inspection requirements in any city.
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