Despite facing significant challenges in the real estate transaction, the determined buyer successfully acquired a 20-acre former fertilizing plant. The property held immense potential, but concerns arose when a former environmental consultant suggested possible contamination from past chemical usage. Further, the buyer’s former agent, lacking experience in dealing with contaminated sites, cautiously advised terminating the transaction.
However, not willing to give up on this promising opportunity, the buyer engaged GeoTech for a comprehensive review of the environmental reports. Much to their relief, GeoTech identified that the site had been improperly assessed, and no contamination was present, clearing the way for a possible purchase. Emboldened by the new findings, the client entrusted GeoTech with pursuing the acquisition.
Ultimately, the buyer successfully secured the property for a price of $1.5 million, a decision that proved wise as the property’s value soared to an impressive $2.7 million in less than 16 months.
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