What's a Listing Environmental Report?
Updated: Mar 19
Attention, real estate agents and brokers. Listing Environmental Reports are an invaluable asset for attracting buyers to your property listing and raising the appraisal value. LERs, are a similar version of Phase 1 Environmental Assessments that are accepted by lenders, can be acquired for a relatively low fee and integrated into your Offering Memorandum.
How does it work? Seller orders our LER at a fraction of what a full Phase 1 ESA costs. This allows him/her to get a snapshot of the property’s environmental risk level, plus can offer it to prospective buyers in their Offering Memorandum. The seller, can...MORE