Selling a Home with An Oil Tank – What Realtors, Sellers Need to Know Much of what can be read about oil tanks online are “buyer beware” stories about leaking oil tanks that have ruined the value of their investment, and advice to be as thorough as possible when it comes to making sure an is oil tank out of the ground before closing on a property. But you own a home in New Jersey with an [...]
Purchasing Real Estate with an Underground Oil Tank in NJ – What You Should Know Oil Tank Discovery When it comes to the presence of an underground oil tank, you can’t necessarily be sure of it when purchasing real estate in New Jersey. It is possible that the owner is aware of the oil tank and will disclose it to you, as most real estate attorneys agree they should. However, it is also [...]
Buried Oil Tanks: A Potential Hazard for New Jersey Home Buyers In the case of older homes, buried residential oil tanks are not uncommon in New Jersey. Up until the 1960’s and 70’s, homeowners routinely chose this storage option for their heating source. Home owners were unaware of the environmental risk, and it was simply the accepted thing to do for your home heating. Buried Oil Tank Hazards Today, we are all aware of the [...]
