Property Owners & Buyers Should Oppose CA State-mandated Energy Audits At Time Of Sale

Property Owners, Sellers, Buyers, and Realtors, should fight against any proposed California state-mandated audit law requiring time-of-sale energy efficiency audits.

CA Assembly bill 2678 was introduced in Feb. 2008, has been passed out of committee. This bill would require California Energy Commission to develop requirements for time-of-sale energy efficiency audits for residential and commercial buildings.

If this passes, owners will be required to submit for state audits and then be required to meet new retrofit standards.

If passed, this bill will add time to the home and commercial building selling process. This will also add costs for sellers, which would eventually be born by the buyers and slow the market down even further.

We and the California Association of Realtors strongly oppose this legislation.

This bill would would impose requirements at time of sale, and only at time of sale. If you are not selling your home, this would not require you to do anything.

This bill is aimed at the property owners who will be selling, is against the real estate industry as a whole, and should be opposed.

Posted by Harrison K. Long, Explore Properties Group, May 15, 2008
Source: Orange County Register, May 10, 2008