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What are the Utility Costs on this listing?

By
Real Estate Sales Representative with RE/MAX Preferred RS152252A

I recently got an email from another real estate agent requesting current utility costs for the home her buyer was interested in.  The listing in question is vacant and any utility cost will be totally irrelevant. 

In my opinion, asking about utility costs at all, whether or not the home is vacant, is irrelevant.  What one person considers warm or cold as far as heating and cooling is totally different than what you, as a consumer, thinks is warm or cold.  I can tell you that what I consider warm in the winter and cool in the summer is definitely NOT what my husband considers it to be.

Asking for utility costs before you make an offer, in my opinion, slows the process down and could lose you the house if you are in a competitive situation.

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Posted by

Susan C. Mangigian

re/max preferred
117 Campus Blvd, Suite 155, Newtown Square, PA 19073

610-719-1700 main office, 610-299-6237 cell 

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Susan,  In our state, we can call the utility company and get the average for the last 12 months.

Sep 04, 2013 03:31 AM
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Susan-That type of thing is not only irrelevant but depending on the weather it can be higher or lower anyways as well as you mentioned the difference in what is comfortable for one vs another. As Will said they could call the utility company and get the avg but again it is the owners comfort vs theirs.

Sep 04, 2013 04:04 AM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Interesting view here Susan.  I totally get where you are coming from.   Some buyers just like the comfort of knowing that the gas bill during the winter isn't $200 a month due to bad insulation or an outdated furnace.

Sep 04, 2013 04:26 AM
Susan Mangigian
RE/MAX Preferred - West Chester, PA
Chester & Delaware County Homes, Delaware and Ches

Will, you probably can here too.

Sharon, exactly.

Jared, but if my seller keeps his house at 55 degrees and the bill is only $100, it's immaterial to the true utility costs.

 

Sep 04, 2013 04:37 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Excellent point Susan.  I've seen this several times and there's no way to give a good answer - a high utility bill isn't always indicative of insulation or efficiency problems, sometimes it's just an owners preferences.

Sep 04, 2013 08:24 AM
Carol Culkin
Diamond Partners Inc - Overland Park, KS
Overland Park Residential Real Estate

Susan, You are so correct. I know this as an empty nester who spends less time at home than when I had small children. In any given month during the winter we are gone at least one week for the holidays, warm weather vacations, visiting our grandkids, etc. Additionally when we are both at our offices working during the day our thermostat is turned down. Anybody who uses our heating bills as an example would have to factor this in.

Sep 04, 2013 08:24 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Susan

I would agree with John there is no way to give the utility costs . . . . everyone uses a home different.

Good luck and success.

Lou Ludwig

Sep 04, 2013 10:45 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Susan - I agree with you completely too - but in Montgomery County MD, it is a legal requirement that home owners provide utility costs for the previous year as long as the property is owner occupied.  It is completely meaningless for all the reasons given by the other commentors and symptomatic of Montgomery County substituting its judgment for rational thoughts! 

Sep 04, 2013 12:56 PM
Dana Hollish Hill
Hollish Hill Group, JPAR Stellar Living - Bethesda, MD
REALTOR * Broker * Coach

Because of privacy policies in our area, we are not able to obtain the utility costs directly from teh utilities. However, in Montgomery County Maryland, the seller is required to provide the utility costs if they've lived in the home in the last 12 months. 

Sep 07, 2013 02:52 AM