Buying a Home with an Underground Oil Tank

Buying a Home with an Underground Oil Tank

If you are buying an older home built sometime in the 1950s, chances are good that the house will have an underground oil tank. Most home buyers shy away from such purchases and some negotiate to have the tank removed before any sale is made.

Why is an underground oil tank such a turn-off when it comes to home buying? If you are sold on the house but not on the fact that it has an underground oil tank, what should you do? What are your options when it comes to a home with this feature?

The Truth About Underground Oil Tanks

The main reason people balk at buying homes with underground oil tanks is the potential for corrosion and contamination. Old oil tanks that have not been used for years tend to corrode and any oil left in them leak out into the soil. There is even the possibility that this leak will reach table water, the neighbor’s property, and storm sumps.

Not only will such an occurrence impact the property and its value, but it also opens up the homeowner to litigation due to contamination. The only recourse you have when it comes to an underground oil tank in a house that you love and are determined to purchase is to have it removed. Of course, this is easier said than done.

Before you can remove an underground oil tank, there are a few things to consider. For starters, you need to find out if removing it will have an impact on the structural integrity of the home and the surrounding structures. If this is the case, what you can do is to render the tank inert, which requires the removal of all the remaining oil inside the tank, filling the tank with sand, and capping all pipes that are connected to the underground oil tank. Once this is done, you will need to submit written verification of this action to the implementing agency in your state.

Who to Contact for Tank Removal or Tank Inerting

When you need to have an underground oil tank removed or rendered inert, the best option you have is to contact an expert in this field. One company you can trust to get help from in cases like this is Clean Fuels Associates Inc. When it comes to tank removal, tank cleaning, and the installation of a new above-ground tank, we are the company to rely on.

Contact us and find out how we can help you. Don’t hesitate to give us a call at 844-694-3230 today.