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.
Eagle River Homes Realty Group,
Partners Real Estate 11940 Business Blvd, Suite 202 Eagle River, AK 99577
"Representing Only You!"
Eagle River Homes Testimonials
Cindy and her team were the best! Cindy was professional, explained everything and was there for us through the entire process. My home was listed promptly and had an offer in 2 weeks! Closed in less than 45 days, amazing! I would HIGHLY recommend this team of professionals, they were awesome!! Thank you again Cindy
Tom and Sue Berg
We closed last week on a house in Peters Creek. Cindy Wilson was great in working quickly to get us in for a showing in a small window of time between my coming home from work on the slope and leaving for vacation the next day. She was very thorough, friendly, helpful and communicative throughout the process, which was our first time buying. Thanks, Cindy!Chris B
DISCLAIMER: The listing content relating to real estate for sale on this web site comes in part from the AK MLS IDX of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Eagle River Homes Realty Group, Partners Real Estate are marked with either the listing brokerage's logo or the AK MLS IDX logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing content scraping by unauthorized personnel is strictly prohibited. Eagle River Homes Realty Group, Partners Real Estate does not display the entire AK MLS IDX Listing Content Database on this web site. The listings of some real estate brokerages have been excluded. Listing information is updated daily. Copyright 2019 Alaska Multiple Listing Service, Inc. All rights reserved. Listing information last updated on 2019-08-21 01:51:23