Underground Heating Oil Tanks

Underground Heating Oil Tanks

Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as surrounding soil and groundwater contamination.
 
Leaks are generally caused by the rust inside underground tanks or an electrical condition sparked by electric utility lines.
 
Buyers should always have the tank inspected to ensure it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above-ground tank to be installed in the basement and the underground tank to be shut off. Cleanup of any leaks will also have to be taken care of.
 
For buyers, the underground heating oil tank should be written in the sales contract. For sellers, your lawyer should make sure that the description and condition of the underground heating oil tank are accurate and up-to-date.

Work With Mary Beth

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I will use comparable sold listings to help you determine the accurate market value of your home. Connect with me today!

Follow Me on Instagram

Follow Me on Instagram