In recent years, the valuation, sale, and leasing of contaminated properties has become an area of considerable interest. Many concerns affect the marketing and potential value of these properties. Usually, contamination will affect the value of your property in two major ways. First, the value of the property may be affected by remediation and containment costs. Second, the property may be negatively affected due to the stigma surrounding the location.
In addition to these valuation concerns, sellers often have a variety of questions when it comes to selling or leasing their contaminated properties. For instance, can a property be sold without a ‘No Further Action Letter’? Will there be an impact on value if you sell a property before clean-up finishes? What public agency oversees contaminated properties? Is an environmental attorney needed? Fortunately, the experts at CCRA have experience negotiating problematic contaminated property sales and leasing transactions and can address all the questions you have regarding your contaminated property. Read on to learn more about what CCRA’s contaminated property services can do for you.