Irvine, CA (PressExposure) January 05, 2009 -- Starting immediately, real estate professionals, home-buyers and sellers in the U.S. who use Guaranteed Property Inspection and Mold Investigation for their home inspections will have access to a Neighborhood Environmental Reportâ¢, which provides important information on known and potential contamination that exists on or in the vicinity of a property. This information can be especially critical for a foreclosure transaction, that often has little disclosure information available.
"Guaranteed Property is very excited to work with EDR to be the first to provide this valuable service to real estate professionals, home-buyers and home sellers," said Steve Zivolich, Senior Inspector at Guaranteed Property. "While the reports often give neighborhoods a clean bill of health, real estate professionals and home-buyers are always much better off uncovering any potential environmental issues up front, as opposed to retroactively addressing a problem after a sale or inspection has been completed. However, homes located in higher population or light industrial areas are more likely to have environmental concerns identified by the report."
Compiling data from federal, state, local and private databases, Neighborhood Environmental Reportsâ¢ provide records of contamination that could cause serious health problems as well as property devaluation. Homes that are contaminated often show no visible signs of the dangers they pose to residents through toxic air, water or soil problems.
Examples of contaminants the report screens for include leaking underground storage tanks, landfills, defense sites, hazardous waste sites, Superfund sites and former meth-amphetamine ("meth") drug laboratory.
Ensuring that home-buyers are aware of these types of environmental hazards has been identified as an important issue by several state legislatures including Arizona, California, Connecticut and Minnesota, as the potential effects to personal health and property value garner more attention from local communities across the country.