How Much Are the Utility Bills For This Property?

Reblogger Roy Kelley
Real Estate Agent with Realty Group Referrals 16766

Since buyers will want to know primarily heating, cooling and general electricity costs, the request is something to be expected, and I do advise all listing agents to be prepared to provide the info in advance. 

Original content by Barbara Altieri RES.0781237

 

Seller Utility Costs Sheet

 

As a listing agent, a question I usually always get from a prospective buyer is how much the utility bills are for the house or condo they are interested in purchasing.


Smart buyers want to know the total cost of owning the home and a realistic assessment includes utility/operating costs.

The most common utilities are natural gas, oil, propane, electricity, and water.

Other operating expenses might include sewer fees, garbage pickup, snow plowing, lawn mowing, spring and fall cleanups, pool opening and closing, irrigation system maintenance and septic cleanout.

Add in approximate heating, electric and water monthly bills to the purchasing equation along with any other expenses, and the house the buyer thought was affordable may suddenly become anything but.

One drill that I always ask sellers to do for me BEFORE listing is to fill out a operating expense sheet and provide detail going back one year. I do this for two reasons:

1)  As stated earlier, most buyers will ask for it. When I get the request, I am ready to provide the info to the buyer’s agent quickly without having to bother and stress the sellers to round up all the information as quickly as possible.

2) After examining the costs, the property may present itself with low enough energy costs to include this information in my selling points.  

 

The caveat with how much the heating and cooling costs are would be the temperatures the homeowner sets thermostats as this will obviously affect the monthly costs.   I do ask for that info as well.

There are variables, and buyers and their agents always understand this. They just want to see the actual numbers so they have an idea of what they might expect. Once they move in, they can improve the numbers by getting an energy audit which might include recommendations for programmable thermostats, attic insulation, or new windows as examples.

 

A few years back I had a client with an all electric heat condo which showed higher than expected monthly winter heating bills. My client came from an extremely warm climate and she kept the thermostat at a minimum of 72 -75 daily in the winter ….. not where the average unit owner did. This obviously resulted in the higher bills, she made that notation on her utility sheet, and the buyer did buy the condo. 

Since buyers will want to know primarily heating, cooling and general electricity costs, the request is something to be expected, and I do advise all listing agents to be prepared to provide the info in advance. Having a form completed prior to listing, similar to what I shared (above), does save time, is less stress for your seller clients, and gets the information to interested buyers as quickly as possible.

 

How Much Are the Utility Bills For This Property?

 

  

 

Barbara Altieri, REALTOR®
Listing and Buyer's Agent
Certified Short Sales Specialist
RealtyQuest Real Estate Sales and Services
30 Huntington Street, Shelton CT 06484
Office -- 203.929.1752
Cell -- 203.520.6930
Email -- barbara.altieri@realtyquest.com

 

 

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Rainmaker
5,421,221
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Please be sure to leave comments at the original blog by Barbara Altieri

Apr 28, 2016 09:25 PM #1
Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good morning Roy. This is a good post to reblog. Thank you for sharing.

Apr 28, 2016 09:26 PM #2
Rainmaker
4,103,176
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, this was a great post to re-blog, as Barbara did a great job with this post.  Buyers do want to know the utility expenses.

Apr 28, 2016 11:03 PM #3
Ambassador
3,983,135
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I hear this question almost everytime I sell a house. Glad I know where to go check.

Apr 28, 2016 11:20 PM #4
Rainmaker
5,421,221
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you  very much for your comments. It is always good to hear from you.

Apr 28, 2016 11:27 PM #5
Rainmaker
5,421,221
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a rainy Monday morning in Maryland. Take care if you must be out and about on slick roads. 

Have an outstanding week and a most productive May.

May 01, 2016 08:39 PM #6
Rainmaker
5,421,221
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We have a beautiful Monday morning in Maryland. Have a great week and enjoy the colors of the season with your camera in hand.

May 08, 2016 09:19 PM #7
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