Blog by Ken Morris

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Green Rating Reality


Victoria will be the first Real Estate market to start "green rating" homes.. Not a very good idea. Realtors should not be rating homes in any way at all..


Green Rating Reality Blog Transcription

Hey there! Rob Reynar here. Alright, It's happened, I had blogged last week, I think about a green rating on MLS homes. It's a project that Calgary Real Estate Board is talking about. I had mentioned that I didn't think it was a very good idea. Well, Victoria Real Estate Board announcing today that they have launched a pilot project where you can if you want as a seller, have someone come in and assess your home and give you its green rating. How efficient is your home, that information would then be posted on the MLS so that you could boast that your house was more efficient than another house on the market therefore, asking more money for it because it's more efficient for the buyer. I don't know about this, I think it's really unfair to say that someone who lives in a house that's built in 1940 that's in an unbelievable location that they are now somehow non-competitive against a brand new house because it has a higher green rating and that therefore, your house isn't worth this much. I don't think the people in Mount Royal, the people down in Kensington, the people in Inglewood are gonna be really excited about putting their houses up against the brand new house in Panorama that's built with all modern specifications. I think it should be up to the buyer to decide where they wanna live. It should be up to the buyer to decide if they're happy with inside, outside, color, texture of that house. I don't think the MLS' job is to rate one house versus another. I don't care if it comes down to floor plan, color scheme, finishing level, you know you name it. The MLS and Realtors should not be rating one house over the other whether its green or not. I think this is a terrible idea and I don't believe the opinion polls. One suggested that sixty five percent asked in Victoria that they would pay more for a green house. I don't think so, when it comes time to put pen to paper and they're being charged to premium because that thing is so called green rated higher than the next. I don't believe they're gonna pay more or it and I think the market will prove that out. Will you pay more for a green rated house in Calgary, or in Cochrane, Airdrie? I'd love to hear your comments. info@robreynar.com. R-E-Y-N-A-R, info@robreynar.com. Talk to you soon, buh bye!

This is a transcription of the latest Video Blog from MorrisReynar.com . If for any reason there is a discrepancy between this text and the Video Blog, the Blog is deemed accurate.

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