TISH commonly refers to city-required inspections when a property is sold, also known as point-of-sale inspections. The letters refer to the Truth-in-Sale of Housing report required by Minneapolis and St. Paul, but a number of metro cities require a city inspection when selling a home. They vary in what they are called, who performs them, and what they require.
For instance, Minneapolis and St. Paul both require an inspection by an approved inspector of your choice. Minneapolis requires that certain repairs be made, but St. Paul only requires a hard-wired smoke detector and the rest of the report is informational only. St. Louis Park requires a code-compliance inspection by a city inspector with everything brought up to code before the sale. Golden Valley requires a sewer line inspection only, with corrections made as indicated. You get the idea… every city has its own requirements, so if you are selling a home be sure to check on requirements for your city. Some common areas that are called out for correction are smoke detectors and plumbing leaks and electrical hazards. Corrections can usually be assumed by the buyer, often requiring funds to be held in escrow until the work is completed… but most buyers assume corrections will be made by the seller.
Check Structure Tech for more information, including a current list of metro cities requiring point-of-sale inspections.
Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com
