Uncovering environmental liabilities before you “own the problem” is one of the most important elements in a real estate transaction. Environmental problems can be expensive to fix, at times costing more than the property itself.
An ePhase Phase I Environmental Site Assessment (Phase I ESA) quickly and accurately identifies potential liabilities, giving you the information you need to make an informed business decision and to strengthen your position at the negotiating table. It could save you from owning an environmental problem you can’t afford. And probably as important, an ePhase Phase I provides liability protection (under the Innocent Landowner Defense) should you decide to go forward with the property transfer for as long as you own the site.
ePhase specializes in Environmental Site Assessments and does not engage in testing and remediation. It is our philosophy that keeping the assessment and testing functions separate provides you with the highest quality, most objective results. ePhase clients routinely use our reports when deciding whether to back away from a deal, negotiate with the seller, or perform corrective action prior to a transaction.
Critical Time Table
Real estate transactions are typically fast paced, and delays can result in lost money or even kill a deal. Phase I ESAs, while critical to the deal, have been known to stall the process-but they don’t have to. ePhase provides Phase I results in 10 to 15 business days, guaranteed. Quick results allow you to make informed decisions early on, before considerable time and money have been spent. If the assessment is overlooked until the final stages of a deal, the ePhase Phase I speedy turnaround time means you can still have your report before the settlement date.
To further streamline the due diligence process, ePhase also offers on-line quotations through e Quote so clients can order Phase I assessments 24 hours a day, 7 days a week.
Redefining the environmental assessment process