The DEP does not affect your cash sale at all.
Logan Woods is a great area I live on the adjacent street.
It is prudent to get a DEP (approximately $300). Make it an inspection contingency in the contract/offer. Quickly view the parcel to decide to go further by walking the land and see if there are visual signs of wetlands i.e. many cypress trees or evidence of standing water.
Kind Regards, Kevin
Kevin Rathburn, Realtor
239-269-4575 Direct Line
Vivian Ferreira, Naples Realtor
Steve Bacardi Broker/Managing Member Premier Realty Homes of SW Florida, LLC. 239-272-2387
As you know now from other Associates, the D.E.P. has to be done before purchase to make sure you are not getting a property that's not buildable.
Please remember there are foreclosures out there, that are priced lower than a home you would have to start from scratch....here is a link, that's getting updated as new listings hit the market:
Premiere Plus Realty
No environmental report has been done on this property, meaning that it has not been evaluated for wetland status. This is required in order to build on the land.
Your offer can be contingent upon a wetland evaluation and allows you to cancel if it is heavily wetlands. Costs to remediate can be huge.
I have sold many acres in Golden Gate Estates and have a licensed professional who does in depth reports, more accurate than the D.E.P reports which are more of a thumbnail, not a comprehensive analysis of the three components and and accurate survey.. One was determined to be inaccurate by my inspector.
You are welcome to contact me for more information.
Downing-Frye Realty, Inc.
"Voted #1 by Naples Daily News Readers 10 Years in a Row"
A DEP study will tell you how much, if any of the lot is suitable for building. When you are buying in Golden Gate Estates, you are buying good ole Florida swamp land.
Any type of transaction, (these days most lots sell to cash buyers) should require a DEP study from a serious buyer to determine the suitability to build on the land prior to completing a purchase transaction. The other test typically done on a lot would include a percolation test to be sure there is a suitable water supply source from the ground to put a well on the property. That is if the new house is not going to have access to connect to the County Utility water source. Prior to closing you would want a survey and flood elevation certificate to show the elevation for the lot to a builder to estimate for fill and whether it will come from the back of the lot, etc.
The most important thing a buyer can do is first of all work with a buyer broker. As stated by AARP & The Consumer Federation of America from REALTORÂ® NEWS
Beverly Howe, ABR, GRI, TRC, CIPS
Buyer Broker - Owner
Florida Buyer Broker
239-601-2013 Local Direct
800-283-7393 Toll Free US and Canada
I see that you have already received the answers in regards to your question about the DEP. I would like to speak with you in regards to the building of your dream home. Please contact us so that we can discuss all of your options. I am looking forward to speaking with you.
The April and Jimmy Team
Realty Direct Naples
No D.E.P. does not affect your cash sale. It means that the present owner did not get an enviromental study on the lot when he bought it. If you are going to build on the lot it is good to have one to make sure that you do not have wetland on the property and can build on it.
I have been a Realtor in Naples for the past 27 years and very familiar with the area where you want to buy.
You can reach me at email@example.com or by phone at 239-641-7692.
Prudential Florida Realty
Scott Riddle PA ABR SFR