When purchasing a piece of property, it is important to be aware of any environmental liabilities associated with it. For example, you should find out if there are any registered underground tanks within several miles of the property, known contaminated properties in the neighborhood, or property owners who have been fined by the government for failing to meet environmental safety standards.
Before, it took a costly site investigation to acquire this type of information, but now there are online environmental databases available at a fraction of the cost. Anyone can access reports on otherwise hard-to-detect environmental issues. With these databases, it is possible to obtain a list of hazards near a property, or spills and violations attributed to businesses nearby.
Some reputable databases include VISTA Information Systems, located in San Diego, California, which allows you to register and search the data bank for free, and E Data Resources, which is located in Southport, Connecticut. These services are all relatively inexpensive, but can provide you with priceless information that is useful before you make a purchase.
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Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home.
With more than 20 years of experience in the greater Los Angeles Real Estate market, Larry Calemine has the experience and vision necessary to ensure the successful completion of your next Real Estate transaction. Larry’s vast knowledge of the current market and strong negotiation skills will assure anyone the best possible experience.