MONTGOMERY COUNTY, Md. (WDVM) — As Montgomery County officials continue to review their school systems boundaries, state lawmakers introduced a bill that would require home sale contracts to provide notice of possible changes.
The bill would help single-family residential home buyers, as some tend to focus on schools before deciding to purchase a home in a certain neighborhood. Montgomery County Public Schools have been looking at a plan to redraw boundary lines for years. Some believe changing district lines will lead to a rise in diversity throughout county schools. A local real estate expert shares what could happen to the market if the law passes.
“If you want to buy a home in the Potomac area, you would go to Churchill or Wooten, those homes carry not only a higher price point because of that area, but they also carry a higher property bill, ultimately the homeowners will suffer as a result of this,” said Brian Coester, Real Estate Connection, CEO.
The council supports the bill by an 8 to 1 vote, including support by County Executive Marc Elrich. If passed, the county plans to work on another bill that would help with the new policy.
If approved, the law would go into effect in October 2021.
- Penn State hockey’s late-game rally leads to overtime win
- Montgomery County to introduce bill restricting untraceable “ghost guns”
- Centreville wrestling drops nail biter at home to Oakton 37-36
- Upcoming financial assistance for West Virginia renters and landlords
- “Digg”-ing his way out of Maryland; a closer perspective on Stefon Diggs