|Image: Salvatore Vuono / FreeDigitalPhotos.net|
A new real estate form was implemented this year. It is called the Seller's Energy Consumption Evaluation Form (pdf file). It went into effect January 1, 2011 and is mandatory in most real estate transactions (there are exclusions and it can be waived).
This four page form requires the seller to disclose total yearly consumption and cost of different utilities; monthly consumption and cost of different utilities; information on unit improvements related to energy efficiency; age and energy star ratings of appliances, windows, doors; and type of lighting used in home.
Definitely a useful form for buyer's to have when evaluating a home in a normal market. However, in our market, it is generally not filled out by the seller and the buyers are being asked to waive it.
Because most of our inventory is bank owned. Even when there is a seller involved (short sales) the seller doesn't have this information available. With a home that has been vacant for a while, the information that is provided is generally useless.
Honestly, Buyers don't need any more forms to confuse them further in a real estate transaction.
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