Buying a home with a buried underground oil tankPosted by Michael Trinchitella on
More and more buyers are coming across homes with underground oil tanks and more and more sellers are starting to realize that buyers do no want anything to do with an underground oil tank. Not only are buyers becoming more concerned but the first thing a buyers agent asks me about my listings with oil heat is “where is the oil tank.?” They often ask this question before they even book an appointment to show the house.
So what is the big deal? The buyer pays for an oil tank inspection, soil test and if everything turns out okay they just move forward with the purchase. As long as the oil tank is not leaking and passed the oil pressure test, the oil tank is in working condition the seller is not responsible to remove the tank and replace with an above…
16967 Views, 4 Comments