Sale in Jeopardy -
A pending listing of mine is in jeopardy of falling apart thanks to a Solar Lease. Having sold homes with Solar Leases before, I'm dumbfounded on this one. One company sold the panels and the lease is with another company. The salesman told me that the buyers need only have a 650+ FICO score. The leasing company wants higher.
This is just bad business all the way around. I can say that the leasing company is not in the top 5 in the sale of leased solar panels in Arizona. Is that the problem?
The largest leasing company in Arizona is Solar City. My last sale of a home with solar panels sailed through no problem. This listing is not with Solar City. They should take lessons from Solar City!
If my sale falls apart because of the leasing company, how many others will fall apart because they won't qualify the buyer? I've heard of this happening but haven't experienced it. As a NAR GREEN and EcoBroker agent, I can tell you my word of mouth will be HUGE in terms of connections. This company best get it together if they want more business.
I've already told the salesman with another company via e-mail what is going on as he told me no problem. Well it is a problem for the seller and for their reputation.
Have you experienced this before?