Tag Archives: real estate

Georgia Home’s Yearly Energy Bill: $0

ATLANTA — In 2010, in the nippy environs of northeastern Canada, a family of six submitted to an experiment. Their task: spend one year living in one of the most energy-efficient homes built in North America. The house in New Brunswick looked like others except for the solar panels on the roof. But by year’s end, there was a more substantial difference — it was the only house on the block with a nonexistent energy bill.

Does this add value to your home?  More than likely; yes.  Contact the appraisers at www.scappraisals.com for your value questions.

“The house we built generated enough electricity for two families,” said Tom Black, vice president of Eco Plus Group USA, which partnered with Bosch to create the home.

Fast forward two years, and they have done it again, building the first Bosch Net Zero home in the United States at Serenbe in Chattahoochee Hills, Ga. The house, through the use of geothermal heat and solar voltaic panels, is designed to generate more electricity than it uses. The excess energy is stored on the distribution grid of GreyStone Power Corp., where it is redistributed as needed. At the end of the year, the series of energy credits and debits tracked by GreyStone should be at or near zero.

Read more at: http://www.utsandiego.com/news/2012/sep/08/tp-georgia-homes-yearly-energy-bill-0/

Disclaimer:for information and entertainment purposes only

Short Sales Can Mean Bonuses for Some Homeowners

At first, the San Leandro woman, who had fallen behind on her condo payments, thought the letter was a scam. “You could sell your home, owe nothing more on your mortgage and get $20,000,” it proclaimed in large type.

“I almost ripped it up,” she said.

But the letter was sent by JPMorgan Chase, the bank behind her mortgage. And after she sold her condo two weeks ago for $98,000 – a third of what she owed on it – Chase indeed gave her $20,000 as an incentive payment, according to the woman and her real estate agent, Jasmin Rhodes of Prudential California Realty.

“I’m not sure why I was so blessed to be given that opportunity,” said the woman, who asked that her name be withheld for personal reasons.

Contact the appraisers at www.socalappraisalserv.com to determine what your property is worth before negotiating a short sale.

In a new development, banks are now selectively offering substantial sums of money – up to $35,000 – to some homeowners to encourage short sales, in which homes are sold for less than is owed on the mortgage.

Real estate experts said that banks can net bigger proceeds in short sales by sidestepping the costs, lengthy timeline and uncertain sales prospects of foreclosures. With delinquencies continuing to mount, quick disposition of some homes makes sense for the banks and for the overall housing market.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/08/BUMS1N4S85.DTL#ixzz1lu1HCDlI