Environmental Due Diligence for Inherited Commercial Property

Environmental due diligence for inherited commercial property is one of the most overlooked steps in the estate process. When you inherit an office building, retail center, industrial site, gas station, or vacant commercial land, you may also be inheriting environmental liability that can dwarf the property’s value. A single contamination issue can cost hundreds of thousands of dollars to remediate, delay or kill a sale, and create legal exposure that follows the estate and heirs for years.

For the full inherited property sale process, see our complete guide to selling inherited property.

Do You Need Environmental Due Diligence for Inherited Commercial Property?

In many inherited commercial property sales, a Phase I ESA is effectively required if the buyer will use a commercial lender. Even when it is not strictly required, it is often the cheapest way to surface deal-killers early and avoid late-stage surprises. For higher-risk property histories, including manufacturing, fuel storage, dry cleaning, auto repair, or chemical handling, a Phase I is essential regardless of buyer type.

Commercial and industrial property carries environmental risk that residential property does not. Prior uses of the site may have involved chemicals, petroleum products, solvents, or industrial processes that can contaminate soil and groundwater. That contamination can persist for decades after the activity stops.

Under federal law (CERCLA, also known as Superfund), current property owners can be held liable for contamination they didn’t cause. Liability is strict, meaning fault doesn’t matter. If you own contaminated property, you can be responsible for cleanup costs regardless of who created the problem. Note: many petroleum-only issues (like gasoline UST releases) are typically handled under state programs due to CERCLA’s petroleum exclusion, but the liability and deal impact can be just as severe.

Conducting a Phase I ESA before selling gives the estate critical information for pricing and risk management. It also supports the buyer’s ability to establish CERCLA liability protections and helps avoid surprises that collapse deals at the last minute.

What Is a Phase I ESA for Inherited Commercial Property?

A Phase I ESA is the standard first step in environmental due diligence for inherited commercial property. It’s a research-based assessment conducted by a qualified environmental professional that evaluates whether the property has a history of contamination risk.

What Does a Phase I ESA Cover for Inherited Commercial Property?

The assessment follows ASTM Standard E1527-21 and is designed to satisfy EPA’s All Appropriate Inquiries (AAI) requirements when performed by a qualified Environmental Professional and when the user responsibilities are completed. AAI compliance depends on the Environmental Professional meeting EPA‘s qualifications (defined in the AAI rule at 40 CFR 312.10) and the “user” (here, the estate or trust) providing required information. That includes known land-use restrictions, prior environmental reports, and any recorded environmental cleanup liens. A good consultant will request this information up front. Before the consultant starts, the executor, trustee, or personal representative should gather key documents and information. This includes any prior environmental reports or testing results, known spills or releases, underground storage tank closure documentation, and environmental permits. Also, gather any land-use restrictions or activity and use limitations (AULs), recorded environmental cleanup liens, and tenant histories (especially for industrial or chemical-handling tenants). Having this ready improves AAI quality and speeds up the assessment.

The four main parts are:

• Historical records review. Your environmental professional researches the property’s ownership and use history through aerial photographs, fire insurance maps (Sanborn maps), building permits, city directories, and other historical sources. The goal is to spot past uses that commonly cause contamination: gas stations, dry cleaners, auto repair shops, manufacturing facilities, chemical storage, and industrial operations.
• Government database search. Federal, state, and local environmental databases are searched for records of known contamination, underground storage tanks, hazardous waste generators, spills, enforcement actions, and cleanup sites. Searches cover both the property itself and nearby properties. Contamination on adjacent sites can migrate onto your property through groundwater.
• Site inspection. Your environmental professional visits the property and walks the site. They look for visible signs of potential contamination: stained soil, chemical odors, drums or storage tanks, stressed vegetation, floor drains in industrial areas, and evidence of dumping. Adjacent properties are also observed.
• Interviews. Current and past owners, occupants, and local officials are interviewed to gather information about the property’s use, any known issues, and any previous testing or cleanup activity.

Who Should Order the Phase I ESA and Who Can Rely on It?

In most cases involving environmental due diligence for inherited commercial property, the estate orders the Phase I ESA before listing. Ordering early puts you in control of the timeline and the findings.

Phase I ESAs are prepared for a named “user.” If the report names only the estate as the user, a buyer’s lender may not accept it. To solve this, ask the environmental professional to include reliance language addressed to named parties (the buyer, the buyer’s lender). Alternatively, they can issue a separate reliance letter after the report is delivered. Not all environmental firms will do this, so discuss reliance at the time of engagement, not after the report is delivered. Also note that lenders often have their own scope or format requirements and may require an update letter if the report is more than a few months old. If reliance can’t be extended, the buyer may need to order their own Phase I. This adds time and cost, but the process is faster if your report is available as a reference.

What Do RECs, CRECs, and HRECs Mean in a Phase I ESA?

Phase I ESA reports categorize findings using three designations that matter for pricing, lender underwriting, and negotiation strategy.

REC (Recognized Environmental Condition). A potential release or contamination concern that hasn’t been investigated or resolved. RECs often trigger lender conditions, such as a Phase II, a corrective-action plan, a holdback or escrow, or proof that regulatory closure is achievable.

CREC (Controlled Recognized Environmental Condition). A past contamination issue that has been cleaned up but remains subject to controls like deed restrictions, caps, or ongoing monitoring. CRECs don’t usually block a deal, but lenders may require confirmation that controls are being maintained and will survive the ownership transfer.

HREC (Historical Recognized Environmental Condition). A past environmental concern that has been investigated and resolved to unrestricted standards. HRECs generally don’t affect deal terms. They’re documented for the record but shouldn’t cause lender or buyer concern.

What Does a Phase I ESA Not Cover?

Understanding the limits of a Phase I is part of thorough environmental due diligence for inherited commercial property. A Phase I ESA is a records-and-observation exercise. It does not involve collecting soil, water, or air samples. It identifies potential risk based on history and observation, not confirmed contamination.

A standard Phase I also does not typically address asbestos, lead paint, mold, radon, wetlands, or indoor air quality. These may need separate assessments depending on the property type and buyer requirements.

Does a Phase I ESA Cover PFAS and Emerging Contaminants?

In 2024, the EPA designated PFOA and PFOS (two of the most common PFAS compounds) as CERCLA hazardous substances. EPA’s PFOA/PFOS CERCLA designation became effective July 8, 2024, and it’s a significant development for commercial property transactions. Properties with historical uses that may have involved PFAS (firefighting foam at airports or industrial sites, manufacturing, landfills, wastewater treatment) now carry additional liability risk.

ASTM E1527-21 treats “emerging contaminants” as non-scope considerations unless the client specifically requests them or applicable law requires their evaluation. In practice, this means a standard Phase I ESA may not flag PFAS risk unless you ask for it. If the inherited property has any history suggesting PFAS exposure, discuss with your environmental professional whether to expand the scope of the Phase I or add a separate PFAS screening. Buyers and lenders are increasingly asking about PFAS, and having an answer ready strengthens your position.

When Should Environmental Due Diligence Go Beyond a Standard Phase I ESA?

A standard Phase I ESA covers a defined scope under ASTM E1527-21. Comprehensive environmental due diligence for inherited commercial property sometimes requires going beyond that standard scope. Discuss adding non-scope items with your environmental professional for the following property types.

• Older industrial buildings: PCBs in caulk, paint, and electrical equipment (common in buildings built before 1980).
• Older improvements of any type: Asbestos in insulation, floor tiles, roofing, and pipe wrap. Lead paint in pre-1978 structures.
• Dry-cleaner adjacency: Even if your property was never a dry cleaner, vapor intrusion from a neighboring dry cleaner’s solvent plume can affect indoor air quality in your building.
• Historical agricultural use: Pesticides (especially organochlorines like DDT) can persist in soil for decades. Common in properties that were farmland before development.
• Fill dirt or grading history: Properties built on imported fill may contain construction debris, industrial waste, or contaminated soil from other sites.
• Coastal or wetland-adjacent sites: Wetland delineation and tidal/flood zone issues can affect development potential and regulatory requirements.
• Vapor intrusion concerns: If the Phase I flags a known or suspected VOC release (on-site or nearby) based on records or history, additional evaluation may be needed. This often involves Phase II soil gas or indoor air testing.
• PFAS exposure sites: Fire training areas, airports, certain manufacturing and industrial facilities, and properties near wastewater treatment plants.

Tenant operations are often the source of environmental risk on commercial property. If the inherited property has tenants in industries like dry cleaning, auto repair, printing, or restaurant operations, see our guide to inherited commercial property with tenants.

When Do Heirs Need a Phase I ESA for Inherited Commercial Property?

Whether a Phase I ESA is needed depends on the property’s historical use, with gas stations, dry cleaners, manufacturing sites, and auto repair shops carrying the highest contamination risk.

Inherited property type	Risk level	Common contaminant concerns	Phase I needed?
Gas station / fuel storage	Highest	Petroleum in soil and groundwater from USTs; fuel additives	Essential
Dry cleaner	Highest	PCE and other solvents in groundwater; vapor intrusion	Essential
Manufacturing / industrial	High	Heavy metals, solvents, PCBs, industrial waste; varies by operation	Essential
Auto repair / body shop	High	Waste oil, solvents, heavy metals from paint and coatings	Essential
Vacant commercial land	Medium to high	Unknown prior use; fill dirt; historical agricultural pesticides	Strongly recommended
Office building / retail center	Low to medium	Asbestos and lead in older buildings; vapor intrusion from adjacent sites	Recommended (required by most lenders)
Residential property (no commercial history)	Low	Lead paint, asbestos in pre-1978 homes; radon in some regions	Generally not needed unless adjacent to contaminated site

Which Inherited Commercial Properties Need Environmental Due Diligence?

Environmental due diligence is essential for inherited commercial property when the property has any history that suggests contamination risk.

• Current or former gas stations. Underground storage tanks are the most common source of contamination of commercial property. Even tanks removed years ago can leave behind petroleum-contaminated soil and groundwater.
• Dry cleaners. Perchloroethylene (PCE) and other solvents used in dry cleaning are persistent groundwater contaminants. Properties that housed dry cleaners at any point carry an elevated risk.
• Auto repair shops and body shops. Waste oil, solvents, and other automotive chemicals create contamination risk.
• Manufacturing and industrial facilities. Any property used for manufacturing, metalworking, printing, chemical processing, or industrial operations should undergo a Phase I.
• Vacant commercial land. Don’t assume vacant land is clean. The absence of current buildings doesn’t mean the site wasn’t previously used for purposes that left contamination behind.
• Properties near known contamination. Groundwater contamination can migrate from adjacent sites onto your property. If neighboring properties have documented contamination, your property may be affected.

When Is a Phase I ESA Not Needed for Inherited Property?

Single-family homes, small residential rentals, and properties with a purely residential history generally don’t need a Phase I ESA.

However, if the residential property sits on land that was previously used for commercial or industrial purposes, or if it’s adjacent to a contaminated site, the situation changes.

What Happens If a Phase I ESA Finds Contamination on Inherited Commercial Property?

A Phase I ESA doesn’t confirm contamination. It identifies “recognized environmental conditions” (RECs) that suggest contamination may be present. If RECs are found, the next step is typically a Phase II ESA.

Factor	Phase I ESA	Phase II ESA
Purpose	Identify potential contamination risk based on history and observation	Confirm whether contamination exists, what type, and how far it extends
What it involves	Records review, database search, site inspection, interviews	Soil sampling, groundwater testing, soil gas testing, lab analysis
Triggered by	Any commercial property sale (especially lender-financed); estate risk management	RECs identified in the Phase I report
Typical cost	$2,000 to $5,000	$5,000 to $50,000+
Timeline	3 to 5 weeks	4 to 8 weeks
Physical testing	No (research and observation only)	Yes (soil, water, air samples collected and lab-tested)
Output	RECs, CRECs, or HRECs identified; recommends Phase II if warranted	Confirmed contamination type, extent, and concentration; remediation cost estimates
Required for CERCLA defense	Yes (supports buyer’s innocent landowner / BFPP defense)	No (but often needed to quantify risk and satisfy lender conditions)

What Is a Phase II Environmental Site Assessment?

When environmental due diligence for inherited commercial property reveals RECs, a Phase II ESA is the next step. Environmental professionals collect soil, groundwater, and sometimes soil gas samples to determine whether contamination actually exists, what type it is, and how far it extends.

Phase II costs vary widely depending on the scope. A simple investigation might run $5,000 to $15,000. A complex investigation on a large industrial site can exceed $50,000. Expect 4 to 8 weeks for results.

What Happens If Contamination Is Confirmed on Inherited Commercial Property?

Consider selling from the estate or trust, not distributing title first. This is a high-leverage decision point in environmental due diligence for inherited commercial property that many executors miss. If you distribute the property to individual heirs before environmental diligence is complete, each heir becomes a current owner with potential CERCLA exposure. Keeping title in the estate or trust until the environmental picture is clear (and ideally until the sale closes) simplifies liability management. It also gives the estate’s fiduciary protections more room to operate. Discuss this timing with your attorney before distributing any real property with potential environmental issues.

Remediation before sale. The estate can fund cleanup before selling. Cleaning up first maximizes the sale price but requires upfront capital and time. Cleanup costs range from tens of thousands for minor petroleum spills to millions for significant industrial contamination.

Sell with a price adjustment. Many contaminated properties still sell. The buyer discounts the price by the estimated cleanup cost (and often an additional risk premium). The buyer takes on remediation after closing.

Enroll in a state voluntary cleanup program. Most states offer programs that provide a structured path to cleanup with regulatory oversight. Upon completion, you receive a “no further action” letter or similar closure document. These programs can make a contaminated property more marketable by giving buyers certainty about the cleanup path.

Walk away (rare cases). Sometimes, cleanup costs exceed the property’s value, and there’s no viable path forward. In those situations, the estate may need to evaluate whether holding the property creates more liability than benefit. Walking away is a last-resort scenario that requires careful legal counsel.

How Do You Structure a Deal When Inherited Commercial Property Has Environmental Issues?

Environmental due diligence for inherited commercial property sometimes reveals contamination. When it does, commercial deals rarely fall apart entirely. Instead, the parties use structuring tools to allocate risk and cost. Common approaches include:

Escrow or holdback. A portion of the sale proceeds is held in escrow to fund investigation or remediation after closing. The amount is based on estimated cleanup costs plus a contingency buffer.

Seller-funded investigation with a cap. The estate agrees to fund additional environmental investigation up to a defined dollar amount. If costs exceed the cap, the buyer can terminate or renegotiate.

Environmental indemnity. The seller provides a contractual indemnity for pre-existing contamination, often with a survival period (typically 2 to 5 years) and a liability cap.

Environmental insurance. Pollution legal liability (PLL) policies can cover known or unknown contamination risks. These policies are increasingly common in commercial deals with environmental uncertainty and can bridge the gap between what the seller will warrant and what the buyer needs. For broader coverage questions during estate administration, see our guide to inherited property insurance.

State voluntary cleanup or brownfield pathway. Enrolling the property in a state program before or after closing provides a regulatory framework for cleanup. Upon completion, a closure document gives the buyer and lender comfort about the property’s environmental status.

Your broker and environmental attorney should advise on which tools fit your deal. Which structure works best depends on the type and extent of contamination, the buyer’s risk tolerance, lender requirements, and the estate’s financial position.

Can Heirs Be Liable for Contamination on Inherited Commercial Property?

Federal environmental law creates a specific liability risk for heirs that most families don’t know about. Understanding how CERCLA applies is central to environmental due diligence for inherited commercial property. For more on the legal framework of selling inherited property through probate, see our guide to probate real estate.

How Does CERCLA Liability Work for Inherited Commercial Property?

Under CERCLA (the Comprehensive Environmental Response, Compensation, and Liability Act), four categories of parties can be liable for response costs: current owners or operators, owners or operators at the time of disposal or release, arrangers (parties who arranged for disposal or treatment of hazardous substances), and transporters who selected the disposal site.

For heirs, the key point is this: current owners are liable regardless of whether they caused the contamination. Liability is strict (no fault required), joint and several (one party can be held responsible for the entire cleanup), and retroactive (applies to contamination that occurred before CERCLA existed).

One important distinction: CERCLA’s definition of “hazardous substance” generally excludes petroleum and petroleum products (the “petroleum exclusion”). Most underground storage tank releases involving gasoline or diesel are handled under state UST programs and state environmental laws, not CERCLA directly. However, if petroleum is mixed with other hazardous substances, or if certain fuel additives are involved, the petroleum exclusion may not apply. The practical takeaway: petroleum contamination is still a serious liability issue, but the legal framework is often state law rather than federal CERCLA. Separately, the Phase I ESA process still treats petroleum products as within scope. ASTM’s REC definition explicitly includes both hazardous substances and petroleum products.

Do Heirs Get the Same CERCLA Liability Protections as Buyers?

CERCLA’s liability defenses were designed primarily for purchasers, not heirs. The distinction matters.

For buyers of the inherited property: Two key CERCLA defenses apply: the innocent landowner defense and the bona fide prospective purchaser (BFPP) defense. Both require the buyer to conduct “all appropriate inquiries” (typically a Phase I ESA) before acquiring the property. Under the AAI rule, inquiries must be conducted within one year prior to acquisition. Specific components must be conducted or updated within 180 days prior to acquisition. These include interviews, environmental lien searches, government records review, visual inspections, and the environmental professional’s declaration. These defenses are well-established for purchasers and are a primary reason buyers and lenders require Phase I ESAs.

For heirs and estates: You didn’t choose to acquire the property, so the timing framework built around “pre-acquisition” inquiries doesn’t map cleanly onto inheritance. A Phase I ESA ordered after the owner’s death is valuable for risk management and decision-making. It informs pricing, supports disclosures, and helps the buyer establish their own BFPP defense. It also gives the estate the information needed to manage or limit its exposure. But it may not “create” the same CERCLA defenses for an heir that it does for a voluntary purchaser. Your environmental attorney should advise on how inheritance-specific liability protections (and limitations) apply in your state.

Fiduciary liability has limits, but they’re not absolute. CERCLA includes a statutory provision that generally caps a fiduciary’s personal liability to the value of assets held in the fiduciary capacity. In other words, the executor’s or trustee’s personal assets are generally protected up to the extent of the estate’s or trust’s holdings. However, this cap has exceptions: if the fiduciary acts negligently, acts outside the scope of fiduciary duties, or causes or contributes to contamination, personal exposure can follow. Fiduciary protections are real, but they require the executor to act responsibly.

Bottom line: a Phase I ESA is essential risk management for the estate regardless of how the CERCLA defense framework applies to heirs. It protects the estate’s interests, supports the buyer’s due diligence, and gives every party better information.

What Continuing Environmental Obligations Apply After Buying Inherited Commercial Property?

Even when a buyer qualifies for the BFPP defense, CERCLA imposes continuing obligations after closing. Understanding these is part of thorough environmental due diligence for inherited commercial property because they shape deal terms. The buyer must take reasonable steps to stop ongoing releases, prevent threatened future releases, and limit exposure to prior contamination. They must also cooperate with regulators, comply with institutional controls and land use restrictions, and respond to EPA information requests.

Expect buyers to request pre-closing access for testing, contractual commitments that the seller won’t worsen conditions before closing, and language ensuring institutional controls survive the transfer. Your attorney should anticipate these provisions and be prepared to negotiate them.

How Long Does Environmental Due Diligence Take for Inherited Commercial Property?

Start early. Here’s a realistic timeline for environmental due diligence on inherited commercial property.

Phase I ESA: 3 to 5 weeks from engagement to final report. Cost typically ranges from $2,000 to $5,000, depending on property size, complexity, and location.

Phase II ESA (if needed): 4 to 8 weeks for sampling and lab results. Cost ranges from $5,000 to $50,000+, depending on scope.

Remediation (if needed): Months to years, depending on the type and extent of contamination. Costs vary enormously.

Order the Phase I as soon as the estate has legal authority to act. Don’t wait until the property is under contract with a buyer. Discovering contamination mid-deal creates pressure to make rushed decisions about price adjustments or termination. Knowing the environmental status before listing puts you in control. While the estate waits on results, carrying costs continue to accrue on the property every month.

How Do Environmental Issues Affect the Sale of Inherited Commercial Property?

Environmental risk directly affects how inherited commercial property is valued and sold.

Buyers’ lenders typically require a Phase I. Most buyers using commercial financing will need a Phase I ESA from their lender. Having one ready saves time and keeps you in control of the narrative. Cash buyers may not require one, but sophisticated cash buyers often order their own regardless.

A clean Phase I is a selling point. Providing a recent, clean Phase I to prospective buyers reduces friction, speeds up due diligence, and builds confidence.

Environmental issues reduce value but don’t always kill deals. Sophisticated commercial buyers regularly purchase properties with known environmental conditions. Good data (Phase I and Phase II results), credible remediation cost estimates, and a broker who knows how to market these situations are what make deals work. If the estate is considering a 1031 exchange after selling, environmental conditions and remediation timelines can affect exchange feasibility. See our guide to 1031 exchanges for inherited property. Environmental findings can also trigger lender carve-outs or complicate loan assumption when the property carries commercial debt. See our guide to inherited commercial property with a mortgage.

Appraisers need to know. Environmental conditions can significantly reduce fair market value. When conducting environmental due diligence for inherited commercial property, make sure your appraiser accounts for any known issues when establishing the date-of-death value. For more on how inherited investment property is valued, see our guide to inherited investment property valuation. For tax implications, see our guide to inherited property taxes.

What Are the Most Common Environmental Red Flags in Inherited Commercial Property?

As part of environmental due diligence for inherited commercial property, watch for these warning signs when you first inspect the property.

• Underground storage tanks (USTs). Look for fill caps, vent pipes, or dispensing equipment. Even removed tanks can leave residual contamination.
• Chemical storage areas. Drums, tanks, or containers with chemical labels. Stained concrete floors. Chemical odors.
• Floor drains in shop or industrial areas. These may have discharged chemicals directly into the soil for decades.
• Stained or discolored soil. Especially near loading docks, dumpster areas, or the back of the property.
• Stressed or dead vegetation. Patches of dead grass or bare soil in unusual patterns can indicate subsurface contamination.
• Adjacent high-risk properties. A dry cleaner, gas station, or industrial operation next door can affect your property through groundwater migration.
• Missing history. If you can’t determine what the property was used for during certain periods, that gap is a risk factor on its own.

Frequently Asked Questions About Environmental Due Diligence for Inherited Commercial Property

Do You Need a Phase I ESA to Sell Inherited Commercial Property?

Environmental due diligence for inherited commercial property isn’t legally required to sell, but it’s practically essential. Any buyer using commercial financing will need one. Conducting your own before listing protects the estate from blind liability and gives you control over the information.

Who Pays for the Phase I ESA on Inherited Commercial Property?

Typically the seller (the estate) orders it before listing, or the buyer orders one during due diligence. Having one ready as the seller is a strategic advantage.

How Much Does Environmental Due Diligence Cost for Inherited Commercial Property?

A Phase I ESA generally costs $2,000 to $5,000. Phase II assessments, if needed, range from $5,000 to $50,000+. Remediation costs vary from tens of thousands to millions depending on the contamination.

What Should You Do If You Inherited a Gas Station or Dry Cleaner?

These are high-risk sites. A Phase I ESA is essential, and a Phase II is common depending on the site history, prior closure documentation, and what the Phase I flags. Get environmental counsel involved early.

Can Contamination on a Neighboring Property Affect Inherited Commercial Property?

Yes. Groundwater contamination migrates. If adjacent properties have documented contamination, your property may be affected. A Phase I ESA evaluates nearby properties for exactly this reason.

Does the Estate Have to Pay for Environmental Cleanup on Inherited Commercial Property?

If title is still held in the estate or trust, liability exposure typically sits with that entity. Federal law can limit a fiduciary’s personal liability in many circumstances, but those protections have exceptions (for example, negligence or acting outside the fiduciary role). This is an attorney question in any deal where environmental issues are flagged. State voluntary cleanup programs, historical insurance policies, and buyer negotiations can all affect who ultimately bears the cost.

What Should Heirs Do Before Selling Inherited Commercial Property With Environmental Risk?

Before selling inherited commercial property with possible environmental risk, heirs should confirm legal authority, identify any high-risk historical uses, order a Phase I ESA when appropriate, review the findings with an attorney and environmental professional, and decide whether additional testing, disclosures, cleanup planning, price adjustments, escrow holdbacks, or indemnities may be needed.

Environmental conditions can affect valuation, buyer financing, lender requirements, closing timelines, and the estate’s potential liability. A broker, attorney, CPA, and environmental consultant should review the due diligence findings together before the property is marketed or a purchase agreement is finalized.

Inherited Property Match helps heirs identify brokers with experience selling inherited commercial property, including properties where environmental due diligence, Phase I ESAs, Phase II testing, lender review, or buyer risk concerns may affect the transaction.

Tell us about your situation

About the Author

Rhett Fruitman is the co-founder of Inherited Property Match and President of Real Estate Broker Match (REBM). He has a background at Citi Private Bank, CBRE, and in the 1031 exchange industry, and focuses on helping families navigate the legal, tax, and logistical complexities of selling inherited property.

Connect with Rhett on LinkedIn

This article is for general informational purposes only and does not constitute legal, tax, financial, or real estate advice. Every estate situation is unique. We strongly encourage you to work with qualified professionals, including a probate attorney, CPA, and experienced real estate broker, before making any decisions related to inherited property. Inherited Property Match is a service of Real Estate Foundation, Inc.