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REALTORS'®Due Diligence- Check out THIS list.
- Leaking Underground Storage Tanks (LUSTs)
- Superfund Sites
- Water Quality Assurance Revolving Priority Fund Sites
- EPA Proposed Superfund Sites (CERCLIS)
- Hazardous Waste Sites
- Hazardous Waste
OOOO-YUCK! Who wants to talk about all this gookie-stuff?
Raise your hands.Do I see one-hand? Do I see a few hands? Show me a few hands. Let me tell you a true story. Then maybe those hands will show up.
Recently, we were on the hunt for land for a sustainable, green development for one of our clients. We were excited to hear about 60+ acres that overlooks the gorgeous French Broad River and guards the view from lofty heights where there are innumerable building sites just perfect for a green-built /conservation subdivision. It was not on the market. A local owner wanted to preserve it. We were anticipating a celebration. But we are a careful bunch. We like to review a site thoughtfully and personally. So, on a mild and breezy day, our ECO Team at the brokerage ventured out to see what could have been some of the most beautiful land for sale in the Greater Asheville, North Carolina area.
Isn't it just spectacular? Wouldn't you just love to build your dream home here?
Maybe not. Reasons why?
1) Expanding disclosure standards and legislation for sellers of residential property requiring stepped-up due diligence concerning environmental issues and contamination..
2) At least one of the items from the above contamination list affect this property and could pose a serious challenge for all parties during due diligence.
Want to know which? Raise your hands, and I'll tell y'all..PS There's a hint right there in the story.
Let me know what you think.
scroll down the comments to the second photo for the answer and Let's open this up further discussion ...
HERE is a list of potential "material facts" about which real estate professionals should learn more...
brownfields...when and how do we reclaim them?
water table and leaking toxic substances
a certain aroma...when does it become a material fact
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