Are Solar Energy Systems a Viable Option for Massachusetts Home Owners?

Solar_panels_on_a_roof

If you are interested in saving money on your energy bills please know that there are finally home builders out there that are making solar power a viable option for you. Many are currently offering solar power systems as an optional feature, touting their “Green Energy” initiative as a selling feature. Fortunately, their pledge to achieve superior environmental performance as well as reducing the cost of home ownership is about to become a reality.

Realistically, each 3-kilowatt solar power system will lower the homeowner’s electric bills by up to sixty percent, and can result in a carbon footprint reduction of up to forty-eight percent. Not only is this a wonderful savings for the homeowner but also allows them to remain energy independent when electricity rates increase. In addition, this wonderful option yields environmental benefits for the entire community.

When a solar system has been properly installed on your Massachusetts home, you will be able to track how much power your system is producing, as well as evaluate its environmental benefits, all through a web-based remote monitoring system.

Many of the folks I have spoken to in the Shrewsbury  MA area have been somewhat hesitant, only because of the large upfront cost, however there are even ways around that. In fact, several companies in the Greater Boston area will come in and install your solar equipment for free, running it on a lease basis, and selling you back the inexpensive power that it generates.

Is it something to consider, here in Shrewsbury MA? The answer is absolutely. As always, do your homework, bring in a few of the established contractors, and see just what they have to offer you. They will be able to evaluate your particular situation based on amount of sunlight at our location, overhanging trees, and even which way the main body of your roof faces. Silly as it sounds, a system that is completely viable for your neighbor across the street, may not work for you at all.

If you need a recommendation for someone to speak with, just let me know, and I’d be thrilled to refer you to someone excellent right here in the Shrewsbury MA area.

 

Steve Levine

For nearly three decades, Steve Levine of REMAX Professional Associates, has been one of the top Real Estate agents in the Central Massachusetts.  A ten-time honoree as #1 REMAX Agent in New England, he brings to the table the experience that comes from working successfully with over 2000 Buyers and Sellers, through all types of real estate markets.  Adept at everything from land development, to custom home building, to residential single family and condo sales, his “can do” approach has made him one of the most sought after agents in the region.

A consummate marketing aficionado, and recognized as one of the most innovative Realtors in the industry, he has spoken nationally on many occasions, training other real estate agents on customer service, marketing, and web presence, and is currently developing a suite of instructional videos designed to enable agents to take their business to the next level.

When not out selling Massachusetts’s real estate, Steve is a passionate photographer, musician and writer, and is constantly looking for new ways to express himself.

For a private consultation on your Massachusetts real estate needs, he can be reached by email atsteve@shrewsbury.net, by phone at 508 735-4663.

You can also check out his photography website at www.stellarimages.us .

Have You Considered Owner Financing on Your Massachusetts Home?

sinkingboat-pano_16910As we are all too aware, obtaining a mortgage today is much harder than it was just a few years ago. Much of that is due to the obvious fall out from the real estate recession, which started in 2010. Many areas were faced with a true crisis of confidence in the marketplace, as banks rushed to give out money, often to people who probably should not have been granted mortgages to begin with. Unfortunately, the knee-jerk reaction to that was to tighten lending guidelines across the board, even to well qualified Buyers. The impact that has had on sellers here in the Shrewsbury, Northborough, Westborough area cannot be understated.

One old concept, which is seeing a bit of a revival these days, is Owner Financing. This concept can give home sellers an edge over competition as it fully eliminates a large obstacle many buyers face today, and in turn will help augment your number of buyers. Another benefit to consider is the steady income you will receive from the mortgage payments. Right now with all of the market volatility that we are experiencing, and deposit interest rates near 0%, this could be your one steady interest earner – in some cases up to 7% or more!

Obviously, this could be a great monthly return, if you don’t need the proceeds from the sale of your home immediately. You might also consider partial seller financing. Most buyers will have a cap on their loan allowance, and as the seller you can consider financing the rest at a higher interest rate than normal.

Keep in mind that as the seller you would not have to hold on to this mortgage forever, as it can be sold on a secondary market. With that all said, however, you also need to seriously consider the issues of a potential Buyer default, which could leave you facing the prospect of having to foreclose on the mortgage and reclaim the home through that process. Of course, you never know what the Massachusetts real estate market will be like at that time, but fortunately the Shrewsbury, Northborough, Westborough Massachusetts area in one that has definitely remained more stable than other regions of the country.

The other day I ran across this great article from Inc. Magazine that you may want to check out. Before making a final decision on whether or not this is a realistic option for you, we should sit down and go over the specific situation, and see if it makes sense for you and your family.

 

About Steve Levine

For nearly three decades, Steve Levine of REMAX Professional Associates, has been one of the top Real Estate agents in the Central Massachusetts.  A ten-time honoree as #1 REMAX Agent in New England, he brings to the table the experience that comes from working successfully with over 2000 Buyers and Sellers, through all types of real estate markets.  Adept at everything from land development, to custom home building, to residential single family and condo sales, his “can do” approach has made him one of the most sought after agents in the region.

A consummate marketing aficionado, and recognized as one of the most innovative Realtors in the industry, he has spoken nationally on many occasions, training other real estate agents on customer service, marketing, and web presence, and is currently developing a suite of instructional videos designed to enable agents to take their business to the next level.

When not out selling Massachusetts’s real estate, Steve is a passionate photographer, musician and writer, and is constantly looking for new ways to express himself.

For a private consultation on your Massachusetts real estate needs, he can be reached by email at steve@shrewsbury.net, by phone at 508 735-4663.

You can also check out his photography website at www.stellarimages.us .