For a homebuyer who is concerned with reducing their environmental impact, does this home offer amenities, and is it located in a place that can help the buyer achieve those goals? Based on this criteria, and the points below, we believe so!
This two-bed, one-bath home in Berkeley has a number of energy-saving and sustainability-boosting improvements, including solar panels, new windows, and a garden with fruit trees.. There are also 168 EV charging points within a five minute drive. With phenomenal 97 walk and 99 bike scores, daily errands can be easily completed without a car.
This combination of energy-efficient and sustainability-enhancing amenities, EV-friendliness, and excellent walk and bike scores earns this home ZeroDown’s 'Green' Hot Pick.
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To ensure that the buyer (and lender) is paying a fair amount for the home, buyers insert an appraisal contingency, which allows the buyer the ability to walk away from the purchase without penalty if the appraisal returns a value lower than a set value (usually the purchase price). Aside from walking away, the buyer can renegotiate for a lower price with the seller, request that their lender make an exception, and approve their loan as if the property had appraised to match the purchase price or make up the difference between the purchase price and appraised value via their own funds. In most cases, if the buyer makes use of the appraisal contingency to walk away, they are likely to receive a complete refund of their earnest money. However, buyers must be cautious and include this in the contract to avoid problems at a later stage.
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Serious about buying a home? Realtors prefer showing homes to buyers with a pre-approval letter. Learn the difference between pre-qualification and pre-approval, the benefits of a pre-approval letter, and why you need one.
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