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

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Rainmaker
1,543,623
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

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
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

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

Jun 16, 2016 11:28 PM
Rainmaker
5,104,931
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
989,652
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
7,835,391
Roy Kelley
Retired - Gaithersburg, MD

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

Jun 16, 2016 09:26 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - 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
634,482
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
713,282
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN ~ COMPASS RE - 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
4,935,567
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
2,781,153
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
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Jan Green 

Jun 16, 2016 10:44 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily 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
911,228
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
Rainmaker
3,988,007
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
1,239,801
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
5,048,758
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
Ambassador
4,692,944
Brian England
Ambrose Realty Management LLC - 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
3,986,258
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
1,502,998
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
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

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
4,571,967
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

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

Jun 17, 2016 12:28 AM
Rainmaker
5,216,370
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
3,416,038
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
3,071,489
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
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Jun 16, 2016 09:36 PM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - 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