Select the perfect provide to shut the deal
Once you purchase out your photo voltaic lease, selecting the perfect provide can be pretty easy. Then again, when you’re transferring the lease, you’ll must discover a purchaser who can meet the credit score necessities of the third-party proprietor of the system.
“Typically if you’re able to qualify for a home loan, then there’s no reason why you don’t qualify for the solar panel purchase or lease…I’ve yet to see it and I’ve sold quite a few homes with solar leases,” Morales explains.
Whereas that is often the case, patrons who can barely afford the down cost might disqualify for a house mortgage as soon as the necessary photo voltaic lease is added to the cost calculations by their lender. To keep away from hiccups, let potential patrons know they might want to cross a credit score test to tackle the photo voltaic lease as early as attainable. Present them with a duplicate of the photo voltaic settlement and your photo voltaic consultant’s contact data to offer to their mortgage lender in case the lender has excellent questions concerning the lease.
Leased photo voltaic received’t cease you from promoting your own home
Leased photo voltaic panels add a dimension to your private home sale, however they received’t cease your private home from attracting patrons or receiving enticing gives. A current examine on properties offered with photo voltaic leases by Lawrence Berkeley Nationwide Laboratory discovered that 77% of the leases have been efficiently transferred to the brand new property proprietor, whereas solely 20% of examine contributors stated the leasing settlement scared off potential patrons.
“Early on, maybe five, six years ago when those solar leases were a bit newer to people, I think buyers were a little shy when it came to dealing with those types of homes and those types of contracts. But now, I feel like buyers are a lot more receptive to solar leases than they used to be,” Morales reassures.
With this in thoughts, keep in mind there’s no must stress as long as you are taking the required steps to coach patrons when promoting your private home.
Header Picture Supply: (Robert Kneschke/ Shutterstock)
