Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I LIVE IN A CITY THAT REQUIRES A SELLER TO PROVIDE A BUYER WITH A TRUTH-IN-HOUSING REPORT. WHAT DOES THAT MEAN?

April 26, 2017buyer city live mean report requires seller

0

Posted

I LIVE IN A CITY THAT REQUIRES A SELLER TO PROVIDE A BUYER WITH A TRUTH-IN-HOUSING REPORT. WHAT DOES THAT MEAN?

1 Answer

0

Posted

A Truth in Housing or Code Compliance Inspection is an inspection of the property by a licensed inspector who takes into consideration the physical condition of the property and whether it complies with local building codes. The cost of the inspection varies. If you do not obtain one, not only may you be in violation of the ordinance, but it can bring into question the enforceability of your purchase agreement. You should consult a lawyer to determine what is required. Selling a house in an “as is” condition will not allow you to avoid this inspection. In some cities, the property must be brought into compliance with city building codes before closing.