Leased Solar Panels Can Complicate Or Kill A Home Sale

Dated: 03/27/2015

Views: 1908

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

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Will Cook

Ranked in the top 1% of all agents valley wide, Will is an Associate Broker and Team Leader of the WILL COOK GROUP with Keller Williams Luxury Homes. A native of Baton Rouge, Louisiana, Will atten....

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