Will I still need an oil tank sweep if tank is above ground?

[Mel C.]

The house I'm looking at ("as-is") has an above ground oil tank. Home was built in 1970. Will I still need to do an oil tank sweep to see if there's any tank inground?

[Philip Tretola]

@Mel C. Hey Mel _ I am an investor in Essex County NJ where the housing stock tends to be a bit on the older side meaning there are still a fair amount of underground tanks.  I am not sure what the date is where they stopped putting tanks in the ground but I have looked at several houses where there were tanks in the basement though there was a decommissioned tank underground outdoors.  We never a buy a house w/out doing a tank sweep because  the risk/reward is so offsides.  It costs 250/usd for us to do a tank sweep while if we end up with an underground tank w/ seepage the costs can be silly expensive.  Hope this helps and good luck, Phil