: If removal happens after closing, hold 1.5x the estimated cost in escrow.
: Ask the seller to remove the tank and backfill with clean soil.
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 should i buy a house with underground oil tank
: Ensure all previous "abandonment" work was permitted and inspected by the town.
: Many carriers refuse to insure homes with active or abandoned USTs. : If removal happens after closing, hold 1
: Verify the tank’s age, material (steel vs. fiberglass), and maintenance logs. 📍 Essential Steps Before You Buy
: Hire an environmental engineer, not just a standard home inspector. : If removal happens after closing
: Hire a pro to use ground-penetrating radar to find "hidden" tanks.