should i buy a house with underground oil tank





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Should I Buy A House With Underground Oil Tank -

, unless the tank is professionally decommissioned or replaced before closing. If you proceed, ensure the seller pays for a soil test and provides a "No Further Action" letter from the state. ⚖️ Key Risks and Considerations 💸 Financial Liability

: Hire a pro to use ground-penetrating radar to find "hidden" tanks. should i buy a house with underground oil tank

: Ask the seller to remove the tank and backfill with clean soil. , unless the tank is professionally decommissioned or

Buying a house with an underground storage tank (UST) requires careful due diligence because of the significant financial and environmental risks involved. 🛑 The Short Answer should i buy a house with underground oil tank

: Many carriers refuse to insure homes with active or abandoned USTs.

I can then provide a specific or a checklist for your realtor .