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*
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.
IDX provided courtesy of Realcomp II Ltd., via Berkshire Hathaway HomeServices HWWB, Realtors, Copyright 2019 Realcomp II Ltd. Shareholders. Real Estate listings other than those of Berkshire Hathaway HomeServices HWWB, Realtors are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed to be reliable but not guaranteed. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Last updated on 2019-01-16.