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.
Dick Gibb and the Maximum Exposure Team
Berkshire Hathaway HomeServices
Ambassador Real Estate
Omaha, NE 68118
Office: 402-884-1000
Mobile: 402-680-3945
Email: dickgibb@dickgibb.com
Testimonials
Dear Dick,
"Thank-you for the tremendous effort you put forth in the selling of my parent's home. But, most of all, thank-you for being so compassionate, understanding and good natured."
All the Very Best,Kit
Dear Dick,
Thank you so much for being such a high octane real estate agent. I have never seen anyone work so hard in my life! We would never have been in such a great house if it were not for your can-do spirit and creativity.
I am looking forward to a long relationship with you, and the Maximum Exposure Team. Thanks so much!
Your Friends, Gwenn, Jeremy and the new baby.
Dear Dick, Many thanks to your and your great team of professionals for all their assistance in our home sale. Our lives are greatly enriched by having the chance to work with you, Glen, Lori and Sherri. Mission accomplished!Dick and Michaela