Oct 16

2018 Smoke Alarms

0 comments

As of January 1, 2018 regardless of when a property was built, smoke alarms are a key part of every sale.

 

All battery operated only alarms must be powered by 10-year sealed batteries, and no unit, whether battery operated or AC, may be older than 10 years.

 

Types of alarms found in homes have changed over time based on requirements at the time of construction. Hardwired AC Alarms must be replaced with hardwired alarms of the same type.

 

• Additional alarms required as of January 1, 2018 (such as in basement) may be battery operated if they are 10-year sealed battery alarms with a silence/hush button feature.

 

• A seller who fails to comply with the law is subject to a fine,imprisonment, or both.

 

• As required by law, any information about alarms that is shared with a REALTOR® is considered a material fact that must be disclosed to all parties.

 

This link from MD Realtors gives you a detailed breakdown. Enjoy!

New Posts
  • Increasing student debt and other barriers have contributed to a new 30-year low in the last 3 years of first-time homebuyers (FTHBs). With the economic state being what it is in that time, growing and strengthen as a whole, millennials have decided to spend their dollars on experiences and travels versus homes. The chase of the home is still the American dream, but the dream is delayed for many of the FTHBs. Factors include: - economic conditions and looming forecasts of a recession - rising interest rates and housing prices - increasing student debts, auto debts - greater acceptance of financing to have cash now - while millennials are high earners now, they are not high savers
  • We are constantly reading articles on the state of the market, where we see it going in the next few weeks, months and years. Consensus from economists is that by 2020 we should revert back to a buyers market. Right now we have a unique recipe that is contributing to that: - low supply of homes - high demand - rising interest rates - growing economy - record low unemployment - millennials entering the market later - tariffs on construction materials slowed down building because of increased costs, now they are seeing more activity of late We expect the inventory to remain low and prices to correct a little bit through 2020. Time will tell!

Licensed in the State of Maryland #649545, District of Columbia #. Our office is located at 209 Main St, Annapolis, MD 21401. Our group is affiliated with TTR Sotheby's International Realty.

Copyright © 2017 Terms of Use | Site Map | TTR Sotheby's International Realty. Operated by a subsidiary of NRT LLC. Equal Housing Lender. Unauthorized duplication, use, or linkage is prohibited.

 AREAS OF EXPERTISE 

Annapolis

Severna Park

Edgewater

Crownsville

Stevensville

Baltimore City

Easton

St Michaels

Harwood

Arnold

Pasadena

Crofton

Gambrills

Davidsonville

Odenton

Millersville

Chester

Glen Burnie

Severn

Upper Marlboro

Bowie

Riva

 NEW LISTINGS 

 NEW DEVELOPMENTS 

 OUR LISTINGS 

WASHINGTON DC  PRINCE GEORGES COUNTY  ANNE ARUNDEL COUNTY  BALTIMORE CITY  QUEEN ANNES COUNTY  TALBOT COUNTY

 FOLLOW US 

  • Black Instagram Icon
  • Black Facebook Icon
  • Black LinkedIn Icon
  • Black YouTube Icon

 BUYING GUIDE 

Why buy your next house with us? Learn about our process and if you like what you see, reach out to schedule showings with us.

 SELLING GUIDE 

Why sell your house or lot with us? Learn about our process and if you like what you see, reach out to schedule a listing evaluation.

 SEARCH THE DISTRICT