Real Estate

Real estate agents benefit from Home Energy Scores.

Homes sell faster with energy disclosure

Homebuyers appreciate having as much information as possible when comparing homes, and the Home Energy Score helps convey this information. One study found that homes disclosing energy costs - even when those costs were high - closed at a higher percentage of the asking price and spent less time on the market than comparable homes that did not disclose energy costs. Read more about this study on Elevate Energy's website.

Customers want to know more about home energy costs

Multiple Listing Services (MLSs) provide the Home Energy Score to buyers. States across the country are adopting the Score to ensure energy efficiency information is consistent and credible.

Financial incentives make the Score attractive for home improvements

With Fannie Mae's HomeStyle Energy mortgage, borrowers can finance up to 15% of a home's "as completed" appraised value for energy efficiency improvements by receiving a Home Energy Score. Borrowers in this program can also qualify for a stretch on their debt-to-income ratios for homes that score a 6 or higher, or for making improvements to a less efficient home. The Federal Housing Administration (FHA) has a similar policy that allows larger debt-to-income ratios for high scoring homes. These policies reflect the fact that more efficient homes have lower operating costs.

Click here to Register you and your company in the Inspection Depot Home Energy Score network for the highest level of ease, accessibility, and customer satisfaction.

Providing Useful Information to Homebuyers

Most homebuyers enter into the largest investment of their lives without knowing how efficient or comfortable the house is, and little idea of how much utility bills are likely to be. The Home Energy Score is starting to change that by providing this information to homebuyers when a home is on the market.

Like a miles-per-gallon rating for vehicles, the Home Energy Score is an easy-to-produce rating designed to help homeowners and homebuyers gain useful information about a home's energy performance.

Based on an in-home assessment that can be completed in less than an hour, the Home Energy Score not only lets a homebuyer understand how efficient the home is and how it compares to others, but also provides recommendations on how to cost-effectively improve the home's energy efficiency.