Leased Solar Panels Can Complicate Or Kill A Home Sale

Dated: March 27 2015

Views: 1973

Image titleReal estate industry experts say that solar lease payments are interfering with sales and closings of homes in the state of California due to complications stemming from solar lease payments, such as disputes about the seller buying out the remaining lease payment stream (which can amount to thousands of dollars). In some instances buyers have backed out of deals to purchase a home when they hear what credit qualifications they'd need to take over the solar lease. Many real estate agents are worried such problems will only increase if more parties can’t agree on how to handle the substantial payments owed on long-term leases.  Read the full story



Source: L.A. Times

Blog author image

Will Cook

Ranked in the top 1% of all agents valley wide and named one of the Palm Springs Life Top Realtors for 2019, 2020, and 2021; Will is an Associate Broker/Team Leader of the WILL COOK GROUP with Keller ....

Latest Blog Posts

REAL ESTATE Homebuilder Sentiment Bounces Back Despite Ongoing Supply Chain Problems

                                 

Read More

Tax Assessed Value Vs Market Value What Is The Difference

(Maskot/Getty Images)Tax Assessed Value vs. Market Value: What’s the Home prices aren’t set in stone; instead, their value can change depending on a few key factors—that’s what makes

Read More

10 Crucial Questions To Ask A Realtor When Selling Your Home

(AndreyPopov/iStock)If you’re looking to sell your home, you’ll want to hire an amazing listing real estate agent to help—and there are certain questions to ask so that you can

Read More

Buying A House With Cash Dont Forget These Closing Costs For Cash Buyers

                                 

Read More