Buying or selling a home with a buried oil tank raises concerns on both sides of the table. Full disclosure and investigation of an oil tank is necessary to ensure that it is known that the tank is or has not leaked.
When questions arise regarding did a house ever have oil heat, a professional inspection of the property can be necessary. Depending on the age of a home, oil heat may have been utilized. Many homes first started on coal and then progressed to oil and then to natural gas.
Finding tanks is not always easy, but professionals can look for signs that a tank was or is present. Walking inspections of a property can be combined, with metal detector sweeps and ground penetrating radar (GPR) to locate BOTH buried tanks as well as graves or excavations where tanks were once located.
Well let's say you decide to sell the house one day. You put the house on the market and get an offer. Well guess what your buyer is going to do. Correct, he is going to do the tank sweep you decided was unnecessary. And what if he finds a tank?
Now YOU have to dig it up and test for a leak, or you can't sell the house. And if you find a leak, which is quite likely all these years later with the tank deteriorating underground, YOU will have to remediate it to the tune of thousands to tens of thousands to hundreds of thousands of dollars. Game over. You get to die in the house or walk away from it.
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