What is a Real Estate Transaction Screen?
A real estate transaction screen or environmental transaction screen is Fast, Cost-effective, Environmental Information for real estate professionals. A Real Estate Transaction Screen identifies environmentally troubled properties near or on your property. To complete a real estate transaction screen we search of all the up to date NJDEP databases. Then all the information is plotted on a color map, and emailed to you in 24 hours. The map has a color coded key identifying what each color represents on the map. This allows one to quickly visually review the environmental condition of a site without reading an environmental report the size of a telephone book.
Many real estate professionals need to make property decisions fast, because of competition for good developable land. That is why we developed the Real Estate Transaction Screen. With a Real Estate Transaction Screen one can get a detailed understanding of the environmental condition of any property in New Jersey in a very short amount of time. A Phase I will usually take 3 to 6 weeks to receive. A Real Estate Property Screen takes 24 hours to receive.
What does a Real Estate Transaction Screen Cover?
A Real Estate Transaction Screen covers all key aspects of any environmental review such as:
Why would Historic Fill Material be a potential problem?
Historic Fill is almost always contaminated. The State of New Jersey has all locations where historic fill exists identified. In most cases if historic fill is located on a property that is going to be developed there must be an environmental investigation of the historic fill. This can get expensive. It is important to know if historic fill material is on a property before one purchases it.
What is the difference between a Real Estate Transaction Screen and a Phase I?
With a Real Estate Transaction Screen there is no property visit, it is much faster, and all information is gathered remotely. It could be thought of as a very fast reduced Phase I at a low cost. It allows you to review the environmental condition of a property at the fraction of the cost of a Phase I, and it’s fast. Most real estate professionals don’t want to wait 4 weeks for a Phase I, or cannot wait 4weeks for a Phase I. A Real Estate Transaction Screen is like a boiled-down version of a Phase I is a cursory review of the environmental condition of a property. It doesn’t take the place of a Phase I; although it comes close.
Call us at: (732) 291-5030 and we will email you an example copy of a Real Estate Transaction Screen.
Our Guarantee – if you are not satisfied with our Real Estate Transaction Screen we will return 100% of your money!