Selling a House with Solar Panels in Memphis: What You Need to Know

Did you know that more than 50% of the realtors say that customers care about sustainable aspects when choosing homes? Also, over 70% of homebuyers claim there are homes with solar panels within their region. The demand for eco-friendly and energy-saving homes is increasing these properties in the local market.

Selling a house with solar panels increases the chances for good cash offers. This is because of the value solar systems add to residential properties. The high demand for these homes can help you sell house for cash faster.

Are you selling a home with solar power? Our guide covers everything you need to know to ensure a smooth and profitable sale. Keep on reading to learn more!

The Solar Type

Knowing the kind of solar panel your home for sale has allows you to estimate its added value and negotiate for fair offers. We Buy Houses Memphis suggests that you check the efficiency level of your home’s panel to determine its quality.

You may be wondering, “How do I sell my house today when I don’t understand the panels it has.” Worry no more because this guide will help you measure the system’s energy efficiency level. From the guide, you just need a multimeter to get an accurate voltage reading of your house’s panels.

Solar power systems for homes include monocrystalline, polycrystalline, and thin-film panels. Some realtor buyers prefer properties with monocrystalline panels because of their durability. The panels have high-efficiency ratings that help homeowners save more on electricity bills.

Homes with polycrystalline solar power systems enjoy moderate levels of energy efficiency. The panels don’t cost much, so they can’t spike your house’s sale price that much.

Don’t worry about, “Who will buy my house with a low-rating solar power system.” We buy ugly houses with thin-film panels that have low-efficiency ratings. Just give us a call and inform us about the particular system installed on your house for sale.

Marketing Your Home

Proper marketing of your home with solar panels allows you to find many potential cash home buyers. Your marketing strategy should emphasize the eco-friendly benefits your house provides. Show the buyers the amount of energy the panel has enabled you to save.

Provide records of electricity bills that show how your energy expenses were cut. You may get green certifications to show that your house helps reduce your carbon footprint. Once you find a cash buyer, show them your panel’s energy production data.

Finding eco-friendly cash buyers for your home doesn’t have to be an uphill task. Take the time to compare the reputation and credibility of the buyers you come across. Check their websites for past client reviews and their information on the Better Business Bureau.

Research the average market prices of homes with solar panels before listing your property for sale. This allows you to set fair pricing that doesn’t discourage potential cash home buyers.

Panel Inspection

Any real estate company will likely schedule a visit to inspect your home’s solar panel. They will check the condition of your home’s panel, including any cracks or rust.

Checking the condition of your home helps project its future value. We assess the amount of energy the panel produces to determine if it needs any improvements. The age and size of solar panels determine their energy output.

Our walkthrough includes assessing the state of your home’s roof. A well-inclined or flat roof with securely fitted solar panels may not need many upgrades.

Once we complete our inspection, we will ask a few questions to determine what motivates you to sell your house. Your goals allow us to offer fair cash for your property and create a flexible payment method for you.

If you have mortgage loans, don’t worry about foreclosure. Once you accept our cash offer and we sign a deal, we complete transactions and take the property’s ownership. We don’t involve individual lenders or public financial institutions – no need to worry about delayed closing.

Solar Warranty

Reputable cash home buyers will need to know if your home’s solar panel is transferrable after the sale. A transferrable warranty builds the buyer’s confidence in your property and prevents legal issues.

The sense of the panel’s protection to the buyer can help you build a good relationship with them. In such cases, you sell your home fast without much requirements. Working with us at the We Buy Houses Memphis eliminates much paperwork and gives you peace of mind during selling.

Inform home buyers about the warranty’s type, period of coverage, and exclusions. Such information will give the company a way forward when reselling the property. You save the next owner of your property from upfront expenses related to the panel’s maintenance.

Solar Panel Age

Are you worried about, “How do I sell my house fast if it already has an old solar panel?” Worry no more after contacting us. We purchase all types of ugly houses regardless of their features.

Whether distressed, neglected, or uninhabitable homes, we’re the right cash buyers for you. You only need to prove the property’s ownership, and we will do business. We will suggest a fair cash offer based on your current panel value and the entire property’s worth.

Cash home buyers can ask you about the factors that may have contributed to your panel’s faster aging. Always have adequate and relevant information, especially when negotiating for better prices. Homes’ solar power systems age because of exposure to UV rays, wear, extreme temperatures, and lack of maintenance.

Provide previous receipts of maintenance to prove that you weren’t negligent. This way, you convince the buyer to purchase your eco-friendly home faster.

Have your property’s solar panel inspected upfront before contacting a cash home buyer. This keeps the panel functional, satisfies the buyer’s expectations, and prevents them from backing out. Contact a solar panel repair technician to inspect arrays, electrical system, and mounting.

Solar Panel Financing

Information about your home’s solar panel financing enables a we buy houses company to verify your ownership. We determine what financial obligations and benefits future buyers of your house will enjoy. Informing us about financing will help us know the outstanding amount if the panel is on loan.

We urge our clients to be transparent about the financing to avoid misunderstandings that hinder closing. Tell us about the type of financing your home’s solar power system has, ownership status, monthly costs, and benefits. Financing options for residential solar panels include loans, equity financing, and leases.

Cash home buyers may request the contact information of your panel’s financing company. Other proof of financing the buyer may need include a loan or lease agreement, warranty documentation, and utility bills. A Memphis we buy houses for cash company may need proof of tax credits, rebates, and incentives.

Solar Panel Installation Information

You need to know how your home’s solar panel is mounted to give your buyer accurate information. Take the time to know various mounting styles and their benefits before a cash home buyer visits your property for appraisal. Various mounting styles protect panels from shading, improve energy production, and enhance flexibility.

Confirm that your home’s panel’s mounting structure and style comply with the local building codes. Types of mounts for solar panels include ground, reinforced cement concrete, and shed mounts.

When you reach out to us for your home, we may want to know your panel’s installation date. By this, we can determine its efficiency, age, remaining lifespan, and potential for future upgrades. We may also request you to give us details about the current amount of energy your house’s panel produces.

A cash home buyer will likely request some installation documents. The company can request building permits and installation contracts. This helps determine if the installer was licensed and had the necessary expertise.

Have your home’s solar panel’s manuals ready. They offer specific information about the panel’s brand, manufacturer, size, and model number. Such information lets us know the panel’s impact on your house before buying it.

Homeowner’s Insurance

Cash home buyers ask for home insurance to determine if it covers your solar panels. Insurance information helps us know the particular risks your panel is protected against. The insurance may cover your panel against theft, vandalism, or damage by natural calamities like fire.

Information about your home insurance will help us know if any adjustments were made to cover the panels. The adjustments may include coverage limit extension, premium adjustments, and liability review.

If there was past damage to your panel, we may want to verify claims. We verify the transferability of your property’s insurance before making a deal.

Start Selling a House With Solar Panels

Selling a house with solar panels allows you to attract potential environmentally-conscious buyers. Because of your home’s value, you sell it fast for good cash.

Are you looking for a company to buy your eco-friendly home? At We Buy Houses Memphis, we’ll quickly buy your house without taking you through much paperwork. Contact us today to get a cash offer for your home with solar panels.