: Future buyers may be scared away by the potential liability. 🧪 Environmental Impact
: Hire a pro to use ground-penetrating radar to find "hidden" tanks. should i buy a house with underground oil tank
Buying a house with an underground storage tank (UST) requires careful due diligence because of the significant financial and environmental risks involved. 🛑 The Short Answer : Future buyers may be scared away by
: If removal happens after closing, hold 1.5x the estimated cost in escrow. should i buy a house with underground oil tank
: Many carriers refuse to insure homes with active or abandoned USTs.
: Leaks can reach groundwater, leading to massive legal and state fines.
: Even tiny pinholes in old steel tanks can saturate the ground.