Episode 24 - Well and Septic: What Homebuyers and Sellers Should Know

Episode 24 (Well and Septic: What Homebuyers and Sellers Should Know):

 

In The Rundown, Michael and Brad highlight the latest mortgage news and real estate market stats. Michael makes his next prediction for where interest rates are headed. Brad reviews the March year-over-year plus the last 7 days of real estate market activity and how the market is trending. 

 

In The Scoop, we're joined by a special guest - Tim Shotzberger of Homeland Environmental. We discuss the ins and outs of buying, selling, and owning a property with well and septic. It's a deep subject, but hopefully we dispel some myths and concerns.

 

In this week's The Unreal, we talk about how you water bill can raise your property tax bill, and what to look out for. 

 

In The Spotlight we feature Golden West Cafe in Hampden! A little Southwest and a little Wild West. If you're feeling adventurous, try the Elvis Pancakes! They're on Instagram at @goldenwestcafe, or call them at [phone], or find them on the web at www.goldenwestcafe.com. Check them out!

 

Episode Highlights

• The episode where the guys were efficient (we're under an hour this time!)
• Special guest: Tim Shotzberger, Homeland Environmental
• [00:01:57] THE RUNDOWN (Mortgages)
• [00:06:30] Brad has hair envy because of @logan_mohtashami
• [00:07:55] THE RUNDOWN (Real Estate)
• [00:09:30] Some thoughts on why showing activity has diminished
• [00:12:57] THE SCOOP (Well and Septic: What Homebuyers and Sellers Should Know)
• [00:13:40] Apologies for the Dad Jokes
• [00:15:00] If you've never lived on a property with well and septic...
• [00:16:27] What are the key considerations when buying a property with well and septic?
• [00:18:10] What are the legal/licensing requirements in Maryland for well and septic work?
• [00:20:00] What are the costs of these inspections?
• [00:21:45] What are the advantages/disadvantages of well and septic versus a municipal water supply and sewer system?
• [00:23:38] What tests/inspections should you get?
• [00:25:50] What kind of red flags should you watch out for?
• [00:28:10] Kudos to the folks at the Baltimore County Department of Environmental Protection & Sustainability (if you have questions about well and septic in Baltimore County, reach them at https://www.baltimorecountymd.gov/departments/environment/)
• [00:30:25] What are the maintenance requirements for well and septic systems?
• [00:33:00] What is the expected lifespan for well and septic systems?
• [00:35:55] How can you determine the size and capacity of your systems?
• [00:37:50] What's the process for putting a new well and septic system installed?
• [00:39:13] What do sellers need to do to get the system ready when you decide to sell?
• [00:40:20] Common mistakes buyers and sellers make about well and septic
• [00:44:50] Final thoughts on these systems
• [00:46:23] THE UNREAL
• Did you know your water bill can make your property tax bill increase?
• [00:52:17] THE SPOTLIGHT
• Golden West Cafe in Hampden!
• [00:55:20] Final thoughts
• Next episode - Downsizing: When Less Can Be More

Hosts

Michael Becker, Sierra Pacific Mortgage
NMLS #200085
Michael.Becker@sp