24 05, 2017

Environmental Pollution

2017-10-24T10:36:07-06:00Property Condition Assessment Articles|

Environmental Pollution Could Your Business Be Liable? One of the most dangerous areas of real estate liability today is environmental pollution. Liability laws are written such that unsuspecting buyers, sellers and lenders may become responsible for millions of dollars in damages and clean-up--even though the pollution may have occurred years before any of the current parties were involved. What activities may have caused environmental pollution? In older properties, asbestos may be present in heating systems, chimneys and floor and ceiling materials, and lead may be [...]

24 05, 2017

Do You Need a Construction Expert Witness?

2017-10-24T10:36:20-06:00Property Condition Assessment Articles|

Do You Need a Construction Expert Witness? What do they do? Because construction claims are so complicated and require particular skills, the use of an expert witness is almost mandatory. Most states and the federal government allow an expert witness to testify if that testimony is something that is not within the common knowledge of the everyday person. That is, if the work that is being evaluated is something that a reasonable person would not be able to evaluate, and an expert in that particular [...]

24 05, 2017

Buyer Beware

2017-10-24T10:36:21-06:00Property Condition Assessment Articles|

Buyer Beware by William J. Warren President, National Inspection Services In recent years, the flagging economy has forced many who earn their living through real estate to seek out any building-related work they can get—even if they are not qualified. Nowhere is this more apparent than the current, troublesome practice of residential home inspectors vying for commercial property inspection work. Our staff has seen numerous examples of commercial property inspection reports as completed by residential inspectors. Every single one was deficient to the point of [...]

24 05, 2017

Three Things a Poor-Quality Property Condition Assessment or Environmental Site Assessment Won’t Tell You

2018-05-01T18:56:40-06:00Environmental Inspection Articles, Property Condition Assessment Articles|

Savvy commercial real-estate investors understand that when it comes time to add a new property to the portfolio, a high-quality inspection is an extremely prudent and cost-effective safeguard. Much like a thorough medical check-up, a professional Property Condition Assessment and/or Phase 1 Environmental Site Assessment concerns the health or reveals the minor concerns—or major disease—of the property. A poor-quality inspection, on the other hand, can be worse than no inspection if it lulls buyers and lenders into a false sense of security. HERE ARE THREE [...]

1 05, 2017

Three Things a Poor-Quality Property Condition Site Assessment Won’t Tell You

2017-10-24T10:36:21-06:00Property Condition Assessment Articles|

Savvy commercial real-estate investors understand that when it comes time to add a new property to the portfolio, a high-quality inspection is an extremely prudent and cost-effective safeguard. Much like a thorough medical check-up, a professional Property Condition Assessment and/or Phase 1 Environmental Site Assessment concerns the health or reveals the minor concerns—or major disease—of the property. A poor-quality inspection, on the other hand, can be worse than no inspection if it lulls buyers and lenders into a false sense of security. HERE ARE THREE [...]

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