HERO Program - Doesn't Make You A "Hero" To Your Buyers

Hi Karen, this is an excellent post. I dealt with the same representing the buyers, mine were cash buyers, however, they didn't want to pay for something sellers made a commitment on and it was not disclosed properly on the sellers disclosure. Luckily, all worked out in the end.

This can be so tricky when it comes time to sell.  I have never heard of this program.  Thanks for letting us in on it.

Featured in BananaTude.

Good morning Karen. I am leary of these types of programs. Enjoy your day!

I have heard of this but didn't know the details - thanks for the heads up!

thanks for the info Karen.  I ran into a similar problem with a solar lease and the other agent was terribly uncooperative!  One thing for people to keep in mind is that buyers may be reluctant to commit to a lease or payment plan on technology that will probably be outdated long before it is paid for!

Interesting circumstances, Karen Fiddler, Broker/Owner.  It doesn't surprise me that the Lender is balking at this.  Anything that jeopardizes their positioning for repayment of debt will set-off alarms, bells, and whistles.  Keep us posted as to the outcome of this situation ... it's definitely a learning experience.

Best of luck,

Gene

Karen I am glad you highlighted solar panels in the blog, because some solar companies (not all) are creating issues.  I just looked at putting solar panels on my house, and I provided the salesman with the lending guidelines when it comes to solar panels.  His corporate office is looking at the guidelines, and want them to get back to me IN WRITING that the comply.  No solar panels will go up on the roof until they state they do/will comply.

This is an important topic for many potential sellers and buyers.  Thanks for bringing attention to it.

Sounds like an issue that would be anything but cut and dried.  The devil is always in the details.

I haven't hear of that program either but have had clients with issues with solar panels, as George above mentioned

Hi Karen – Thank you for taking the time to provide your thoughts on our HERO Program. I’d love to clear up a few things that you mentioned, as well as address other comments. If you or anyone you know is working on a sale of a HERO home, please reach out to our HERO Property Advisors (HPA) team at 855-225-4376. Our dedicated HPA team works with real estate agents and the professional team (appraisers, mortgage lenders, title reps, etc.) and are a great resource for your community. We’ve helped many homeowners and agents with successful property transactions, due to the solutions that we offer. For those who are unfamiliar with HERO, we recommend checking out our website for more info: https://www.heroprogram.com/how-it-works. We offer a unique, and affordable financing option for energy-efficient upgrades with terms ranging from 5-20 years, depending on the product. With PACE (property assessed clean energy) financing (like HERO), it’s the only credit option that may allow homeowners to transfer the remaining balance to a new buyer. We hope to connect with each of you soon, in order to provide you with the most up to date information and to help you with your clients. Thank you! - Deena

Hi Karen, I’m happy to hear that you were able to connect with my colleague about our program on Friday. We also appreciate you following up with another blog post: http://activerain.com/blogsview/4883774/follow-up-to-my-hero-program-post If you, or any of your followers have any questions or would like to discuss further – please give us a call at 1-855-225–HERO. My team of experienced real estate professionals are available to assist with any HERO financing questions. Thank you! - Deena