Oil tanks are a reality that should not be avoided when it comes to buying or selling a home. They can cause great damage and incur huge expenses. Here are some things you should know if you encounter a property with an oil tank in it:
Who is Held Responsible for Removing an Oil Tank?
Current home owners and past home owners are responsible for removal of oil tanks and any clean up costs related to environmental damage from leaking oil. It is possible that even if you didn’t know about an oil tank on a property you own or owned that you could be held responsible for the clean-up cost. This is why it is essential for potential buyers to have a proper inspection done.
Do Home Inspectors Look for Oil Tanks?
They look for visual clues that there was an active oil tank on the property. Age of the home and location are key indicators of the existence of an oil tank. Also the types of venting or the pipes used in the home can be a tell-tale sign. However, inspectors can’t tell what has been done about that oil tank or the condition of it simply by sight. A good home inspector should recommend further investigation but it is not his/her professional responsibility to do so.
Underground Oil Tank Solid State Inspections
If there is the chance of an oil tank, you need to call in experts at oil tank removal. They will work with you on a plan to safely remove any remaining oil, extract the tank from the site, test the site for contamination, and return the site as found. They will also get correct permits and help you notify the municipality about the removal of the tank for property records which will help you with a future real estate sale.
Is There Anywhere Else I can Get Help?
Well, you know me, don’t you? I can be there to help if the case should ever arise. Let me know if you have any more questions on this subject.