This eco- realty silliness has spread to Tucson. John Schneider writes in his own blog, Tucson Foothills:
It’s getting really tiring. Between the NAR and the local real estate schools we’re bombarded with ads to ‘go green’ and take the NAR’s Green Designation course.
Saving energy and building and selling more energy efficient homes, and learning the ropes in the green arena would seem to be a good thing for all.
Except that I’ve seen just one home for sale in the Foothills with a certified green designation. I think it was a LEED gold level home, the tippy-top in the green world. And it was beautifully done, a great renovation and a beautiful home that had the added advantage of being a home that was much less expensive to heat, cool and boil your tea in than a traditional home. Much less expensive.
But that home sat on the market forever and a day and, ended up selling for way less than the much reduced list price and, well under what the owner had put into it. About $300K under.
And I met the owner and talked with her, and admired what she’d done, green or otherwise, but given what it had cost her to attain that LEED designation, no buyers were interested.
Going green is so far down on the must-do list for residential real estate as to be virtually non-existent.
Yet despite what I’m sure are noble intentions, what else could it be, the NAR and the local real estate schools fail to take market conditions into account, and relentlessly press their agenda.
Give it up guys, it has the familiar ring of that well-worn NAR chant-
Now is a great time to buy or sell a home.
No kidding, thanks for the advice.
I certainly don’t think it’s wise to waste money on energy when instead you can make your home weathertight, but if it doesn’t make economic sense, don’t do it. And spending a large premium on a so-called “green” house doesn’t make economic sense. Nor, for that matter, does it make sense for an agent to waste her time getting a “Green-Realtor” designation when the information she might need to provide intelligent advice on the subject is readily available free and on line. Like everything else the NAR peddles, this latest certification program is just another way for know-nothing idiots to look smarter than they are.