Why Being An Eco-brokerage Is Important?

Why are all Arbour Realty Agents Eco-Brokers, and what is the advantage to the buyer and seller

? This a question I am frequently asked. For a process that has so many factors to digest, simply answered, it is important to not only consider the financial and aesthetic aspects of buying and selling a home, but now we must also consider the environmental impacts, not only as a continuation of your green commitment but also for the future savings, health aspects and future resale prospects of your home. For example, buying or building a green home can translate into a positive return on investment for you- both in the value of your home and in the money youll save on utilities from integrating green practices into your lifestyle. Youll also ensure that your home is a healthy place for you and your loved ones to live. Eco-friendly homes sell more quickly, a recent study in the Northwest showed that green homes sell in 18% less time and for 28-37% higher value per square foot. In our current economy it is important to remember that green real estate holds it value. According to an article in Smart Money, while the average U.S. home lost 5.7% of its valve in 2007, eco-friendly homes held their value.

All of the above being said not every Real Estate Agent will be able to advise you on the eco-benefits of a home, this is why you need to work with a specialist. Eco-Brokers are trained on energy efficiency and the cost savings of items such as proper insulation, windows, and appliances also known as home features that affect your comfort and your energy bill. Eco-Brokers also have a green network and can help you make environmental improvements to a future home or an existing home you are getting ready to sell, and remember as earlier stated green homes sell faster. When it comes time for sale, an EcoBroker can help you market the green features of your home and recommend environmentally friendly and healthier upgrades which ultimately means more for your bottom line.

Recent changes in legislation became more favorable for green homes and green building and fiscal savings are now available through green tax credits. An EcoBroker educated Agent will be able to advise you on these green tax credits, including a special loan program called FHA 203k. The FHA 203k loan is a permanent mortgage which allows for the acquisition (or refinance) of a residential property and the escrow of funds for repairs, remodeling and/or improvements after closing, eliminating the need for short-term construction financing. Almost any green improvement you can think of is eligible for this program, including any of the following associated fees which might be necessary: permit costs, consulting fees, up to 6-months of mortgage payment.

So why is it so important to work with an Eco-Brokerage? When you choose to work with an EcoBroker, you will enjoy an agent who has all of the same expertise as you would working with a non-Eco-Broker plus all the environmental home buying and selling knowledge - which in this time equates power.

by: Jane.Bruce.

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