Truth in Sale of Housing Process |
Buyer’s informationUnless a certificate of approval is presented at closing, the buyer must complete any required repairs listed on the disclosure report within 90 days after closing. A notification letter from the City summarizes the required repairs, and tells you when a permit is needed. You may get a copy of the notification letter from the seller, or from the TIH office, if you have filed a signed acknowledgement of responsibility form (upon request). Truth in Sale of Housing Reports and Repair/Replace checklists are available on Property Information. Acknowledgment of ResponsibilityThe buyer signs the acknowledgement of responsibility at closing. The buyer, buyer's agent, and closer are jointly required to file the acknowledgement of responsibility and a copy of the TIH disclosure report with the Truth-In-Housing Department within 1 day after the closing date. If a current certificate of approval is presented at closing, the acknowledgment of responsibility is not needed. Permits
Safety Checks
Truth-In-Housing Re-InspectionA re-inspection of the required repairs is required to make sure they were done properly. The buyer has 90 days from the date of closing to: 1. See that all required permits are pulled. 2. Complete all the required repairs. 3. Have any required safety checks completed and sent to the Truth-In-Housing office. 4. Schedule a re-inspection. For items requiring a permit, call the inspector listed on page 2 of your permit. For non-permit items, call the evaluator who did the initial evaluation for the re-inspection. The evaluator will charge a fee for this service. Re-Selling the propertyThe buyer must complete all repair/replace items and obtain a new Truth-in-Sale of Housing report before placing the property up for sale. Reports are good only for one sale, and for the person named as the seller on the report. |