Does Pearl Guarantee a Price Premium?
Pearl helps document the value of high-performing home features, which can be crucial for appraisers and real estate agents. Studies show a potential average price premium of 5%, but the market and other factors determine the final value.
Pearl provides third-party documentation of a home’s high-performing features, including documentation needed by appraisers, lenders, and the real estate community to understand the features and assign contributory value. Pearl partners with the Appraisal Institute to populate forms created by appraisers for appraisers. Pearl has also earned official certification from the Real Estate Standards Organization (RESO) to help listing agents communicate the value of a home performance features like high-performing HVAC, plumbing, solar, and other systems in a home.
Two independent, appraiser-led studies have shown that Pearl homes have an average price premium of 5%.
While Pearl identifies a home’s high-performing features and potential impact on home equity, Pearl does not provide a specific dollar amount of added value to the property. Similar to other, more traditional home features like square footage, number of bedrooms, a recent kitchen remodel, or a pool, there is no guaranteed dollar amount for these traditional home features, and there is no guaranteed dollar amount for high-performing features. The valuation of a property is subject to local market conditions, the ability of the listing agent to properly market the home using the Pearl listing materials, appraiser competency, and other factors outside of Pearl’s control.”
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