Along with repealing the ordinance, the City issued details about how current and future transactions will be handled. The official repeal of the Point-of -Sale inspection will go into effect on September 26th. Any property transaction closing on or after September 26th will no longer be subject to the existing Point-of-Sale inspection. Properties currently under contract but closing prior to September 26th will still be subject to the rules of the existing ordinance.
The City of Crystal is offering a full refund to homeowners who have already paid for the inspection but have not had the actual inspection take place. If the inspection has already happened but the closing is after September 26th, the seller will still have to bear the cost of the inspection.
Including the repeals that have taken place in Brooklyn Park and Crystal, there are still 12 cities that have some kind of point-of-sale ordinance on the books. A few of the cities still requiring inspections include Minneapolis, St. Paul, Richfield, Bloomington, and Golden Valley. For more detailed information on what each particular city requires at the time of sale, please visit http://www.mplsrealtor.com/laws-regulations/.
It will be interesting to see what unfolds on this front in the next few years. Both the Minneapolis and St. Paul Associations of REALTORs strongly oppose Point-of-Sale inspections, citing the "the costs, duplication of efforts, limited scope, and waiver of city liability that comes with city-mandated Point of Sale inspections." As recently as a couple months ago, the City of Eden Prairie was considering a Point-of-Sale mandate, but ultimately turned it down.
For any questions or more details, please feel free to call (763-213-4617) or email (josh.pelto@remax.net) me!
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