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I would try to negotiate the abandonment without any testing at all. Especially since you plan to convert. If they agree, see if you can get THEM to abandon it before the closing, giving them the money on closing. That way it is on them if there is a problem. IF not, as others have said abandon ASAP.
Oh lord... My tank is underground. Now after reading all the comments, im thinking i should abandon.
If it's over 25 years old I'd consider it. If not and you buy oil C.O.D. keep on enjoying the cost savings but watch that the county doesn't change laws regarding underground tanks 1000 gl or less. We paid $2800 to abandon, fill 30 yr old tank with foam and install new horizontal 275 gl under deck in 2012.
Oh lord... My tank is underground. Now after reading all the comments, im thinking i should abandon.
In the scheme of things abandoning the tank is easy and relatively cheap. If the tank is not in use, I'm surprised that got by your inspector when you bought the house. If not, you should do it ASAP. If you're still using it you should put it on your radar. As Chalkitup said, keep on eye on legislation...if the law is going to change you will need to do it AND you will need to account for the ability of service providers.
Local governments want to change the abandonment rules to score a bit of pocket change by making thousands of properties potentially an environmental hazard?
Not that I'm denying the greed and stupidity of counties, towns and villages. But it seems this move could crash the housing market. Thousands of homeowners receiving unwanted results costing tens of thousands to remediate would leave. This could lead to mass home abandonment.
Lots of people here can barely afford where they live. Think about how they'd respond if told it would cost $20K to clean up the soil so they can sell.
Local governments want to change the abandonment rules to score a bit of pocket change by making thousands of properties potentially an environmental hazard?
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I believe I said "if they can find a way to make money off of it".
If you really think your local elected officials (or state officials for that matter) care a whit about you and your housing values, I want to live in your world. They need to keep the money rolling in for their salary and benefits. Any way they can do that is good with them.
Local governments want to change the abandonment rules to score a bit of pocket change by making thousands of properties potentially an environmental hazard?
Not that I'm denying the greed and stupidity of counties, towns and villages. But it seems this move could crash the housing market. Thousands of homeowners receiving unwanted results costing tens of thousands to remediate would leave. This could lead to mass home abandonment.
Lots of people here can barely afford where they live. Think about how they'd respond if told it would cost $20K to clean up the soil so they can sell.
The boomers have a ton of equity locked up, they can afford to lose $20K from the sale of their home. They’ll just sell remediated homes to eager NYC residents and head south.
If it's over 25 years old I'd consider it. If not and you buy oil C.O.D. keep on enjoying the cost savings but watch that the county doesn't change laws regarding underground tanks 1000 gl or less. We paid $2800 to abandon, fill 30 yr old tank with foam and install new horizontal 275 gl under deck in 2012.
Good to know...going to add this to the long list of things to do for our house! Btw- you're right regarding paying COD. We save a fortune.
Oh lord... My tank is underground. Now after reading all the comments, im thinking i should abandon.
We abandoned (seller) when we bought. The realtor advised us that if a leak is discovered you are then mandated to remediate it and as long as there is no leak you are fine. IF however, you find a leak be prepared to deliver your first born to the DEC as you will need to have soil testing done over a course of time and the paperwork is never ending.
People should not buy houses with oil heat.
Oil heat is bad.
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