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 contamination of surrounding soil and ground water.
Leaks are generally caused by the rust inside underground tanks or by an electrical condition sparked by electric utility lines.
Buyers should always have the tank inspected to make sure that 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 is accurate and up-to-date.
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free! *Contact Information is NOT Shared*
Angie provided great assistance in the listing price, notification of issues and provided options to resolve. She attended the closing at the title agency - which I have never had a realtor do in other closings and it turned out to be helpful. Her appraisal certification was helpful in providing valuation of two properties in my father's estate so I could provide to accountant.
There are no words to describe how helpful and amazing Darlene is! She responds any time night and day (even when I email her in the middle of the night) and all responses are within the hour.
She takes the stress out of house buying.. Not only is she friendly, funny and informative she seems as if she cares. She lets you pick out homes and tells you if they are good for you.
While I was looking she sent me plenty of homes to choose from in my price range. The great thing was she didn't try and do it for only the money.. Never showed me a house outside of price range.
She is very understanding and helpful. I will HIGHLY recommend her to anyone that is trying to buy a home