Prospective homeowners (especially those taking the leap from tenancy to first-time homeownership) need to be educated on the true cost of owning a home as a standard matter of course. An SFR’s operating data is known and readily available to the seller and his listing agent, is not known to the buyer, and if it were known might alter the buyer’s pricing of the property on a comparison of its operation costs with other available properties. This disclosure would be similar to the Annual Property Operating Data (APOD) commonly used for income properties. [See first tuesday Form 306]
