Cap & Trade affects selling your home
This really should get more publicity. The short story is, a year after “cap & trade” passes, you won’t be able to sell your home without an “energy audit” – which will most likely require you to make major improvements.
Home Sellers Beware. Having a hard time selling your home? Here’s one more hurdle to jump: all homes sales are conditioned upon an energy audit and a new energy rating assessment and energy labeling program for your home that’s outlined in the Democrats’ bill.
And if you thought you could improve your property with a fresh coat of paint and some granite counters? Think again! Now your home will be subjected to a new energy rating assessment and energy labeling program that will penalize you for older windows, original fixtures, and dated appliances. So the Democrats’ bill would bring down the value of your home!
And forget about having any of those nasty old incandescent lightbulbs.
Here’s a California Real Estate site:
This new provision would take place at “point of sale”, meaning before your home transaction could close you would be required to have an energy audit performed. Similar in nature to a general home inspection, an energy audit would look at the energy inefficiencies of your property. Minimum guidelines would probably be developed to determine pass or fail, and then the appropriate repairs or updates would have to be performed to bring your home up to standards.
Just like a “smog check” for your car. Check the photo captioned “An Energy Rater conducts an air leakage test by blowing air through the house.”
A newspaper from South Dakota, Dakota Voice:
Today CNS News reports (and it seems the page total is up to 1,400 from the 1,200 I knew about) says these environmental extremists may force you to spend thousands of dollars to “retrofit” your home to greenie standards before you can sell it:
One site implies that this part of the program isn’t madatory:
Housing Wire: Financial News for the Mortgage Market
A section in HR 2454, the American Clean Energy and Security Act, which narrowly passed a US House of Representatives vote Friday, falls short of mandating an energy audit on homes, according to the House Committee on Energy and Commerce.
. . . .
…the performance labeling program is a consumer right-to-know provision in the cap-and-trade bill, but it is not required, according to the House Committee on Energy and Commerce.
When thinking about what the government is likely to do, the prudent man will always assume the worst.