Posts Tagged ‘ green mortgage ’

Green Homes and Sales Trends

Green is the New Black

The housing industry hasn’t developed a reliable way of breaking down green versus conventional homes sales figures. But its clearly a hot button issue and will even become more important, perhaps mandatory, as we begin to seriously deal with global warming.

green-home-sale-trendsWhat Others are Saying….

“Those builders are seeing that they’ll get more buyers coming to their developments when they have solar. They sell like hot cakes,” Bernadette del Chiaro, an energy specialist at the advocacy group Environment California, told the Los Angeles Times. The Times also quoted Julie Blumden, a vice president at San Jose-based solar tile maker SunPower Corp., as pointing out that the increase in sales velocity is actually paying for the solar systems.

At least one MLS listing service is updating its database to allow for property searches based on a range of green features.

National Association of Realtors®
According to a recent NAR survey, 90 percent of recent home buyers thought energy efficiency was a very important consideration when searching for a home, and the demand for green buildings and environmentally sensitive home features is growing.

Arbor National Mortgage & American Forests notes that 83% of Realtors believe that mature trees have a ‘strong or moderate impact’ on the saleability of homes listed for under $150,000; on homes over $250,000, this perception increases to 98%. This survey is supported by observations from the USDA Forest Service: mature trees add an average of 10 percent to a property’s value. Continue reading this post


Posted by: Howard Sobel on October 19th, 2009 under Green Real Estate


Ecofriendly Real Estate Practices Minus The Greenwash

green-ecofriendlyPart of being “green” means making some thoughtful decisions.  As an EcoBroker, I find that clients often say they want to be green because they have a romanticized view of what this entails, aptly named greenwashing.

The reality is that they are usually not sure what it really means.  In many cases, they find that going GREEN can mean giving up some of their high style options.  As their Realtor, my job is to help them find the satisfaction in choosing the long term benefits of going GREEN.

My basic rules of ecofriendly real estate include:

  • Renovating an existing property is always greener than new construction (even if it is in a green community with an energy star rating).  Anytime new land is cleared, the environment and all the flora and fauna are decimated.
  • Local materials should be selected whenever possible.  Transporting building materials can add up to a huge carbon footprint.
  • Energy saving features should take priority in the budget.  Investing in a long term benefit of reduced energy consumption is good for the buyer and the planet.
  • Water conservation should be part of the landscaping plan.  Drought tolerant lawns and plant materials are also easier to care for.  Native plants are always a good option.  Placing plants in the optimal conditions will also reduce the need for watering.
  • Explore all tax credits, state and federal, to know the bottom line.  The Obama administration has implemented serious incentives for upgrading hvac, windows, and insulation and other energy saving products.
  • Find a lender who can provide a “green” mortgage product.  Many of these loans will permit a higher amount to be borrowed provided it will go toward energy saving improvements. Continue reading this post

Posted by: Marie Scheuring on October 7th, 2009 under Green Real Estate


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