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 I was recently introduced to an article in the St. Petersburg Times that deals with the now-popular term "greenwashing".  It was called "'Green' Houses in Name Only?" by Chuin-Wei Yap.  I thought the author did a good job of framing the problem that is starting to crop up everywhere in real estate - sellers inappropriately identifying their homes as "green" or "energy efficient".  I loved this quote:

"As home building slumps and environmentalism becomes a business advantage, a fast-growing market for green homes is becoming synonymous with "buyer beware"

The article addressed the lack of proper oversight in "green" claims and the frustrations certifying organizations face when they see claims being made.  Since most of the oversight still is voluntary, there's nothing to stop a builder (or realtor) from making a claim that the home is energy efficient or even green-built.  In fact, we have at least one builder I know of who's labeling their homes as energy efficient (they're nothing special, and are not certified as Energy Star or better to my knowledge).  When I questioned the claim to the listing agent (in a friendly way) I got silence in reply.

"Greenwashing" is the general term for mis-representation or over-representation of a product's environmentally-friendly attributes.  Keep a sharp eye out for this trend in real estate and "buyer beware".

 

 

9 Comments on Watch For "Green" Claims To Rise In Real Estate

MAY
08
2008
387,863 Points 5 Featured Posts Localism Sponsor Outside Blog
Jeff, it's getting so that you wonder whom you can trust any more.
5:28pm • #1
MAY
09
2008
107,647 Points

It is amazing how quickly people are trying to take advantage of people trying to do the right thing.

Thanks for the update.

Take care.

12:30am • #2
MAY
10
2008

Scary isn't it. We're working on changing our MLS system to reflect green certified (only third-party verified green homes: FGBC, LEED and NAHB [when it comes out]). But, yes, there are lots of ridiculous claims out there... and many people are unfortunately falling for them.

11:16am • #3
MAY
14
2008
315,612 Points 12 Featured Posts Localism Sponsor Outside Blog

Kevin, thanks for your comment.  I appreciate it!

1:40pm • #5
315,612 Points 12 Featured Posts Localism Sponsor Outside Blog

Alex - that's very interesting!  Please let us know what happens with that.

 

1:40pm • #6
680,542 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

It is a bit confusing.  One must ask for some very specific information on what is really meant.  I had a builder apologizing all over the place because a home had to meet green standards for storm runoff from the roof throught a gutter system and back to the acquifer.

3:28pm • #7
MAY
15
2008
200,475 Points 57 Featured Posts Localism Sponsor Outside Blog

Jeff,  can  get a link to that article?  If possible? :)  I totally agree with all of that, which is one reason if any why Realtors need to be moe educated on the topic.  IMO...

7:25pm • #8
200,475 Points 57 Featured Posts Localism Sponsor Outside Blog

Nevermind,  :)  the link is there.  Duh. Sorry, just got back from New Orleans.  Kinda tired.

7:26pm • #9

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Jeff_geoghan_2006smile Rainmaker_large

Jeff R. Geoghan - Marketing Evangelist and VP

Lancaster, PA

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