Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN (Value Added Service, 602-620-2699)

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Rainmaker
1,177,649
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I sold my first solar home last year, but the equipment was leased and their was no reference to it on title. The buyers simply needed to apply for the credit check to be eligible for the new lease or if they didn't want the solar, it could be removed at no cost to the new owner and the seller had to pay a fee fee to cancel the contract early. It was fairly painless, mostly just a lot more questions to answer.

Jun 16, 2016 11:02 PM
Rainmaker
1,624,172
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

No, these leased, or encumbered units are a definite addressable concern on sales

Jun 16, 2016 11:28 PM
Rainmaker
3,908,628
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not and can't say I've even seen/showed a house for sale here with them.

Jun 16, 2016 10:01 PM
Rainmaker
906,823
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Not as of yet no

Jun 16, 2016 09:52 PM
Rainmaker
6,369,564
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Those loans usually need to be paid off at settlement. Some sellers are shocked.

Jun 16, 2016 09:26 PM
Ambassador
3,722,232
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Jan, the lien thing has become problematic in this area.  The contracts seem to be very long term, and if the new buyers don't want to assume the contract, there is no deal.  People need to be very careful about long term leasing or purchase agreements.

Jun 16, 2016 01:43 PM
Rainmaker
634,272
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I did one sale that included paying off the lease on the solar. 

Jun 16, 2016 01:32 PM
Rainmaker
642,621
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN Fonville Morisey Cary, NC - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

I can't say that I have. We don't have a lot of solar panels around here!

Jun 16, 2016 12:44 PM
Rainmaker
3,838,484
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Yes more then one time.

Jun 17, 2016 01:07 AM
Rainmaker
2,610,913
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Not with a lien but paid for. As to liens, a good pre-lim will reveal much

Jun 16, 2016 10:58 PM
Rainmaker
1,721,855
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Jan Green 

Jun 16, 2016 10:44 PM
Rainmaker
5,570,665
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

solar is just getting off the ground here.... although, back in the 1970's I had solar panels for hot water.... early stage of solar!!

Jun 16, 2016 10:13 PM
Rainmaker
831,848
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Solar is till being pushed in this area, many use tax incentives as a sales pitch, but only a small % of homes have solar. If listing a home with solar, I would want to see the contract, and I would probably also suggest we do a title search up front.

Jun 16, 2016 08:42 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Solar panels are rare in Clarksville and I have never sold a home that had them.

Jun 16, 2016 01:32 PM
Rainmaker
1,136,268
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Sold solar self owned and leased both. People here are smart enough to know the leased is not a good investment.

Not sure about the lien. If so I know better.

Jun 16, 2016 01:16 PM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I don't recall all the specifics but I did sell a home last year with solar and as I recall there was a lease. Buyers had to be approved during the process. It went very smoothly.

Other solar homes had the systems already paid for.

Liens can be an issue for some lenders I think

Jun 16, 2016 12:58 PM
Rainmaker
3,402,176
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I haven't sold a home with solar that has a lien on it, but there is quite a bit of talk about this here, as we have a lot of homes taking advantage of how suny it is here year round.

Jun 16, 2016 12:53 PM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not many in Minnesota as of yet so I have not.

Jun 16, 2016 12:46 PM
Rainmaker
1,361,958
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I have not been involved in any solar yet.  I hear the lien ones can be a real pain though.

Jun 17, 2016 03:53 AM
Rainmaker
1,697,649
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I have heard of disasters with solar liens here on AR as a matter of fact. I have not personally ever sold a home with solar panels.

Jun 17, 2016 12:47 AM
Rainmaker
3,958,595
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I have shown homes with solar panels but have yet to sell one.

Jun 17, 2016 12:28 AM
Rainmaker
4,021,662
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never been involved in this type of transaction. Will be interested in the answers!

Jun 16, 2016 10:50 PM
Rainmaker
3,297,332
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have been to a couple of listing appointments where this is an issue. We are working out one now to find the facts as what the sales person said and what is on the contract are different

Jun 16, 2016 10:24 PM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

 

Has anyone sold a home with solar panels with a lien? 

 

 No

Jun 16, 2016 10:05 PM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Jun 16, 2016 09:36 PM
Ambassador
5,214,243
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It is a shame the way many of these companies sell these leases.  I think that is is a lot less expensive to just buy them, which is what I did.

I have no idea what a UCC filing is though.

Jun 16, 2016 01:35 PM