Tuesday, July 28, 2015

FSBO. BPO.



The owners of this industrial property in Odenton, Maryland
decided to sell their property - “For Sale by Owner” (FSBO).

Fortunately for them, the buyer looking for just such a property had a good agent and she found this needle in a haystack. The agent asked Marty for his “Brokers Price Opinion” (BPO) and
for his overall advice. Once the sales price was agreed to, the
focus became the environmental study.  The seller’s use raised some concerns but the neighboring Ft. Meade and Anne Arundel County facilities are known offenders. The Phase One study left
a few questions unanswered so soil tests were performed. The
tests determined the property was free from any hazardous
materials and sold for approximately $100 per square foot of  building or $10 per square foot of land ($430,000 per acre).

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