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Updated about 7 years ago on . Most recent reply

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23
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4
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Ned Micic
  • Wayne, NJ
4
Votes |
23
Posts

Buying a home with an abandoned oil tank

Ned Micic
  • Wayne, NJ
Posted
Im currently in attorney review for a single family home that I’m purchasing. I was told the property had a underground oil tank that was properly abandoned back in 2003. I had asked the owner of the property if i can remove the tank while we are under contract and they did not agree to it. When i spoke to the realtor he told me I can hire a company to test the soil around the tank. Is it worth the risk to buy this home with the oil tank? Im willing to pay for the soil testing but i don’t know how accurate it is. I don’t want to he stuck in a home that needs to be remediated.

Most Popular Reply

User Stats

20
Posts
12
Votes
Jacob Caddick
  • Investor
  • Casa Grande, AZ
12
Votes |
20
Posts
Jacob Caddick
  • Investor
  • Casa Grande, AZ
Replied

https://www.biggerpockets.com/forums/311/topics/523009-in-ground-oil-tank-advice?highlight_post=3195984&page=1#p3195984

  • Jacob Caddick
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