California Real Estate - Will the power lines affect the property

4 Replies

Drone View: https://i.imgur.com/ArFkQIX.jpeg

#1 Front House View: https://imgur.com/a/5kodoaf

Looking to get a property and I was wondering if the houses I marked will have any issues selling or renting in a couple years because its right next to a powerline.

I am not sure if im allowed to post addresses here but if youd like it please let me know if youd wanna look into it more.

The house is in Mission Hills California and listed at 800k, I want to list 780k with them having to pay solar off ($20k left on loan), do you think thats a good offer? 

Thanks for any help!

1. Some people are afraid of ELF EMF from power lines - nothing solid about it in Medical journals ... read a little.

2. They are ugly and not likely to be put under ground without huge costs

3. In California 'ya know PG&E downed power lines caused fires.

So there's those three things to ding the value. 

You won't know what is owed on the solar until you get payoff and solar contract. Solar gets outdated in five years. You need to know what exactly is there and if it has value (the contract, the person's electric bills past two years, and an inspection of the batteries/panels/and roof). Let the seller pay it off.
No idea if your offer is good what is list price? Provide lender APPROVAL subject only to appraisal and keep the contract offer really short like 20 days,

Originally posted by @Caroline Gerardo :

1. Some people are afraid of ELF EMF from power lines - nothing solid about it in Medical journals ... read a little.

2. They are ugly and not likely to be put under ground without huge costs

3. In California 'ya know PG&E downed power lines caused fires.

So there's those three things to ding the value. 

You won't know what is owed on the solar until you get payoff and solar contract. Solar gets outdated in five years. You need to know what exactly is there and if it has value (the contract, the person's electric bills past two years, and an inspection of the batteries/panels/and roof). Let the seller pay it off.
No idea if your offer is good what is list price? Provide lender APPROVAL subject only to appraisal and keep the contract offer really short like 20 days,

Thanks for the quick reply, they were able to tell me how much was left on the solar around $20,000. 

https://www.zillow.com/homedet...

This is the house in question ^ It is listed at 800k.

I want to offer $780k or $790k with the option that seller must pay off solar prior to closing. They were able to send me what the solar produced and it was around $200 in electricity a month. 

 Some problems when I saw the house were that, the master does not have a bathroom in it, there is little to no backyard, the garage was converted into a room and its not permitted, the house is also on a main street.

What do you think this house is worth knowing that?

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Garage no permit has no value, and may limit type of loan you can close. Don't offer to buy out the solar it may have little value is what I was telling you. Offer $790 

Originally posted by @Caroline Gerardo :

Garage no permit has no value, and may limit type of loan you can close. Don't offer to buy out the solar it may have little value is what I was telling you. Offer $790 

 So you think I should offer $790 and they have to pay solar off on closing?