Contact MargaretNew Requirements for Some Home Sales
September 10th, 2012 Categories: Crofton News
Energy Consumption Disclosure
Home sellers in nearby Bowie and throughout Prince George’s County, Maryland, must now disclose to prospective buyers the prior 12–month energy consumption history of electricity, gas and heating oil.
Disclosure will be required on the sale of most residential properties upon request from a buyer. There are some exceptions, such as the initial sale of new construction (there is no history of energy consumption) or a transfer that is exempt under certain other regulations (a bank sale or estate sale, for example).
Most real estate agents already ask sellers to have this information available for buyers, but it will no longer be optional in Prince George’s County. The local Association of REALTORS has not yet released a standard form to address this requirement, but it should be available shortly.
Carbon Monoxide Detectors
Another bill that goes into effect this month in Prince George’s County is the required installation of battery powered, UL listed carbon monoxide detectors with gas heating systems, fuel burning appliances and/or an attached garage.
Again, the local Association of REALTORS doesn’t yet have a standard form for this requirement, but I have no doubt one will become available before the end of the month.
Prince Georges’ County Home Buyers
Home buyers should ask for the 12–month history of utility consumption and look for a carbon monoxide detector on each level of the property, because it’s likely that some sellers and real estate agents are not aware of the new requirements.
Don’t be surprised if these catch on in neighboring counties or become statewide issues.
______________
; ?>/images/eho.jpg)
; ?>/images/realtorsolo.jpg)
