The Slippery Slope of the New Cap and Trade Bill

Have you heard the news?

There's a new law in town and it's aimed at making America more Green and Eco environmentally friendly. Okay, that's all fine and good. I like the earth. I'm good with us being more friendly towards the planet. Fine.

But many are worried that this new bill is going to change real estate in big ways.

For example, home owners might be required to put on a new, more environmentally friendly roof or upgrade their heat and air systems according to government standards before being allowed to sell their home.

Or how about this?

A government inspection might be required before the house could be sold. If the house doesn't pass the government standards, the home owner will have to pay to fix, change, repair or replace whatever is required. That kind of reminds me of the old standards FHA used in the past. We had to put splash blocks under our gutter drains once because of an FHA requirement.

Now, the good news is that this is all speculation...at least at this point.

The bad news is that the things mentioned above, could become reality for homeowners.

I've been following the development of this from Jamie Dupree. Jamie is a reporter in Washington D.C. who reports regularly on the Neal Boortz show and on our morning news. He writes a blog and has commented on this new cap and trade situation.

To read what he has to say, click here.

So, keep your eye's peeled and your ears open folks. We may be looking at some serious changes in the way people buy and sell real estate. And that will means changes in the way we real estate professionals do our jobs for our clients!