This Means You


The California State Assembly will vote on AB 2678 this week.  If this bill passes it will affect you – whether you plan to buy or sell a home.   Somebody will have to pay for the audit and the work that will follow.    

AB 2678 will require a state agency to set up a process to require energy efficiency audits on ALL homes and commercial properties in California at the time they sell. These audits will cost up to $400 for homes and ultimately require point of sale energy efficiency retrofits that may cost thousands of dollars.    

 

The California Association of Realtors’ research data concludes that only 22% of the homes most in need of retrofit will change hands between now and 2020. By the time a point-of-sale program is devised and adopted, this number would be even lower. The point-of sale approach falls critically short of reaching what is needed to achieve the state’s goals.   

Every $1,000 increase in the price of a home disqualifies 26,600 California households from achieving home ownership. Even in the current market, housing affordability in California remains abysmal. In addition, mandatory point of sale energy efficiency investments can add thousands of dollars to the price of a home.  

To really achieve the goals of California’s statewide and national energy and environmental policies and commitments, the C.A.R. suggests that AB 2678 be amended to reach all California homes through a comprehensive, phased in, statewide approach that does not burden home ownership at its most vulnerable point – when it sells! 

As a future home seller or buyer, get involved.  Contact your legislature now to voice your concern over AB 2678.  Request that they either vote no or remove this point-of-sale requirement from the bill. 

Click here to find your legislator’s contact info.

add to del.icio.us : Add to Blinkslist : add to furl : Digg it : add to ma.gnolia : Stumble It! : add to simpy : seed the vine : : : TailRank : post to facebook

 

Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

Speak Your Mind

*