This is a follow up to my May 29th post.
What Robbinsdale Sellers need to know:
- It is the sellers responsibility to arrange and pay for the inspection.
- You Must have the Point of Sale Inspection done BEFORE you list the house. Robbinsdale’s website has a list of approved independent contractors you can use. Unfortunately the city does not regulate their costs so you’ll have to shop around. On average it’s about $200.00. Make sure that you ask the inspector if the City’s filing fee of $50.00 is included in their charge. Only a few inspectors include the fee as part of their services.
- The city of Robbinsdale requires that a property owner be home during the inspection. For vacant properties the Realtor must be present.
- The inspector will compile a list of repair/replace items (see Robbinsdale’s criteria)
- Once the inspection has been completed, the contractor has up to 7 business days to file the report with the city. Have your Realtor help keep tabs on this.
- If there are no repair/replace items (not typical) then the city will issue a certificate that the property has passed inspection
- If you have repair replace items their are two options: 1.) Make the required repairs 2.) have potential buyers assume all required repairs
- If you opt to make the repairs, you will have to pay an additional fee to have a city building inspector come out (around $75) and make sure they done correctly.If you pass then you get a certificate.
- Sellers are required to keep a copy of the Inspection report at the property.
What Robbinsdale Buyers need to know:
- Copies of the reports are not available online.
- The city ordinance requires that a copy be left on display at the premises. If you don’s see it your Realtor can arrange for you to get a copy.
- Unless the property is a short-sale or foreclosure. The seller should be assuming the majority of repairs.
- If you choose to assume the repairs, you will have to get written notice from a city of Robbinsdale building official allowing you to occupy the property.
- You have to show financial proof of your ability to perform the corrections(you may have to escrow funds)
- When you sign the agreement you waive all claims of liability against the city of Robbinsdale and it’s officials and you must perform by a certain date (typically 90 days)
The city of Robbinsdale also requires:
- Buyer has provided a copy of the signature page excerpted from the signed Purchase Agreement to the City so the City can verify that all parties signing the Purchase Agreement as the Buyer have also signed this Agreement.
- Buyer has provided a copy of the point-of-sale disclosure report to identify the Repair/Replace items.
- Buyer will notify the City of the date of closing within one week after said closing.
- Buyer shall provide City with a copy of the recorded deed, or other document acceptable to the City showing that the closing has occurred.
- To facilitate City follow-up regarding compliance with the terms of this Agreement, Buyer hereby provides the following contact information. If the information should change, Buyer will provide updated information to the City.
The purpose of the program is to protect home buyers from potential issues. The city also wants to maintain certain quality housing standards. If you have questions about the program or would like assistance buying or selling property in Robbinsdale Minnesota contact me.
Tags: buyers, robbinsdale, sellers
