and rents it, then the exemption goes away.
Also, homestead law states that if a property
is purchased with a pre-existing homestead
exemption, the homestead exemption transfers to the new owner.
THE ENERGY CONSERVATION
AUDIT AND DISCLOSURE
Whether buying or selling a home in the
Austin area, you can benefit from the Energy
Conservation and Audit Disclosure (ECAD)
ordinance during real estate transactions.
The ordinance, as described in Chapter 6-7
Energy Conservation of the Austin City Code,
requires energy disclosures for homes and
buildings more than 10 years old which are
served by Austin Energy and located within
Austin city limits. This City of Austin ordinance simply indicates the responsibility of
sellers to disclose energy audit details, without
insisting that improvements must be made.
Like other energy ordinances throughout
the nation and the world, ECAD helps
promote energy efficiency and environ-
mental responsibility by identifying energy
savings opportunities for property owners.
Improving home energy efficiency can:
While certain exemptions may apply, the
ECAD audit typically occurs during the
time of home sale, with a completion dead-
line at time of contract signing or during the
10-day option period. Potential home sellers
may arrange for the ECAD audit earlier,
using the results to identify energy efficiency
improvements made or desired to differen-
tiate the house on the market.
To comply with the ordinance, home
sellers work with certified energy professionals to conduct the ECAD audit,
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