Summary
California real estate laws in 2024. Requiring all new homes will have to be all electric by 2026, More rent control measures, to the selling of ADU’s.
California real estate laws in 2024 are set to focus more on environmental sustainability.
This means that new constructions will have to meet certain green building standards to help reduce carbon emissions and promote a more eco-friendly approach to housing.
Like, California, requiring all new homes will have to be all electric by 2026.
Yes, the state is taking steps towards a more sustainable future, or are they going the wrong way.
Will the state of California be able to keep up with the future use of electricity, and what is it going to cost?
What do you think?
Another interesting change in California real estate laws for 2024 is the introduction of more rent control measures, from security deposit to no-fault evictions.
Then there is the law’s suit with NAR, National Association of Realtor which basically changes the way commission are set and paid.
Beware, all of you, new home buyers; you may have to pay the commission to work with a real estate agent or Realtor.
Also, you can now sell your ADU, Accessory-Dwelling-Units, you know that unit you had added or may add in your backyard.
It seems like some investment groups are jumping on this one, I just hear an add offering to buy your part backyard, a course, it’s not stating that if you do, you may have a home build behind you.
Yes, new laws, more changes and more and more disclosures to come.
Steve Olmos, selling properties in Southern California since 1980
Steve Olmos: www.steveolms.com
Homequest Real Estate
Diana Olmos: www.mortgagemarketingmentor.com
Statewide Funding Inc.
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