Thursday, August 22, 2024 / by Brittany Aspenson
Which Minnesota Cities Require a Truth in Housing Inspection?
What is a “Truth-in-Sale of Housing” Inspection?
In certain cities in the Twin Cities metro, a seller inspection is required before the home can be sold. This inspection is often called the “Truth-in-Sale of Housing” (TISH) report, or a "Point of Sale" report.
Unlike a buyer’s inspection, which can hone in on quirks or inconsistencies, the TISH report is focused on risks to life or health that can be found within the home. The report is usually made up of a checklist of recommended or required fixes.
Once sellers receive their TISH report, they must complete the required fixes before closing. In some cases, if they aren’t able to complete the checklist of necessary repairs, the seller may negotiate with the buyer, who can perform the repairs post-close.
Buyers should be well aware of what the TISH report outlines, as sellers are typically required to include the report within their disclosures to potential buyers.
What cities in Minnes. ...
In certain cities in the Twin Cities metro, a seller inspection is required before the home can be sold. This inspection is often called the “Truth-in-Sale of Housing” (TISH) report, or a "Point of Sale" report.
Unlike a buyer’s inspection, which can hone in on quirks or inconsistencies, the TISH report is focused on risks to life or health that can be found within the home. The report is usually made up of a checklist of recommended or required fixes.
Once sellers receive their TISH report, they must complete the required fixes before closing. In some cases, if they aren’t able to complete the checklist of necessary repairs, the seller may negotiate with the buyer, who can perform the repairs post-close.
Buyers should be well aware of what the TISH report outlines, as sellers are typically required to include the report within their disclosures to potential buyers.
What cities in Minnes. ...
