Do you know your home’s energy score?
Well if you live in a single-family home (not a condo) in the city of Portland, and plan to sell your home, sellers will be required to disclose it to potential buyers. Beginning in 2018, City of Portland home sellers will need to purchase the services of a home energy auditor, and then disclose the score (scaled from 1 to 10), as well as disclose the home’s estimated annual energy use and estimated costs. The cost to sellers for determining the necessary information could range between $150 and $300.
From the city’s website:
The new policy is effective January 1, 2018, and requires sellers of single-family homes to incorporate the following practices prior to listing a home for sale in the City of Portland:
- Obtain a home energy performance report, including a home energy score, from a licensed home energy assessor.
- Provide a copy of the home energy performance report to all licensed real estate agents working on the seller’s behalf.
- Include the home energy score and the attached home energy performance report in any real estate listings.
- Provide a copy of the home energy performance report to prospective buyers who visit the home while it is on the market.
- Provide a copy of the home energy performance report to the City of Portland for quality assurance and policy compliance.
(Source: City of Portland Planning and Sustainability)
There are exemptions and waivers available, but they are generally reserved for banks, builders, trustees, public agencies, and approved low-income individuals.
I will provide further updates as the program develops over the coming year.
– By Danni Duggan, OR Real Estate Broker, Premiere Property Group, LLC
If you are looking to move anywhere in the Portland Metro Area, it would be my honor and my privilege to work with you. Feel free to contact me for a meeting. I work diligently with both sellers and buyers to help them achieve their real estate goals.
If you are seeking a trusted REALTOR® outside of the state of Oregon, contact me. I am happy to provide you with my most trusted referrals throughout the U.S. You deserve the absolute best representation, and it would be my pleasure to help you secure it.