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Old 09-17-2008, 11:28 AM
 
52 posts, read 164,798 times
Reputation: 20

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Hey everyone,

My wife and I have an offer on a house that is currently under attorney review. One of our stipulations was that the seller was responsible for converting the house from oil heat to gas and removing the tank.

We got the rider back from the seller's attorney today and they amended it to say they would do the conversion but fill the oil tank, not remove it.

Is it better to have it removed, or doesn't it make much difference as long as it is done right and everything passes inspecation?

Also, is it significantly cheaper to have it filled than removed?

Thanks as always.
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Old 09-17-2008, 11:33 AM
 
Location: Savannah GA/Lk Hopatcong NJ
13,247 posts, read 27,515,780 times
Reputation: 11526
Quote:
Originally Posted by Hobo1040 View Post
Hey everyone,

My wife and I have an offer on a house that is currently under attorney review. One of our stipulations was that the seller was responsible for converting the house from oil heat to gas and removing the tank.

We got the rider back from the seller's attorney today and they amended it to say they would do the conversion but fill the oil tank, not remove it.

Is it better to have it removed, or doesn't it make much difference as long as it is done right and everything passes inspecation?

Also, is it significantly cheaper to have it filled than removed?

Thanks as always.
Is it above ground or below?? I think if it's below it has to be removed
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Old 09-17-2008, 11:35 AM
 
52 posts, read 164,798 times
Reputation: 20
It's below.
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Old 09-17-2008, 12:03 PM
 
Location: Savannah GA/Lk Hopatcong NJ
13,247 posts, read 27,515,780 times
Reputation: 11526
Quote:
Originally Posted by Hobo1040 View Post
It's below.
Pretty sure it has to be removed..hopefully Wiley will see your post as this is what she does
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Old 09-17-2008, 12:19 PM
 
Location: Stewartsville, NJ
7,577 posts, read 21,829,384 times
Reputation: 1258
REMOVE!!!!!! There's no way to tell if the tank is/was leaking unless it's removed. Demand that they remove it... if they give you a hard time..tells me they know something that they don't want to share or that they are afraid that it is leaking. You don't want to buy that liability as it can cost a whole bunch of money to cleanup!!!
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Old 09-17-2008, 12:37 PM
 
52 posts, read 164,798 times
Reputation: 20
Thank you both.

This board rocks.
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Old 09-17-2008, 01:13 PM
 
1,552 posts, read 4,470,487 times
Reputation: 509
Definitely take Wiley's advice on this one. This is not a liability you want or should even consider taking on, especially in this buyer's market.
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Old 09-17-2008, 01:16 PM
 
Location: New Jersey/Florida
5,801 posts, read 12,061,649 times
Reputation: 4317
sounds like a job for superman, oh I mean Wiley. Don't let this one get away
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Old 09-17-2008, 01:30 PM
 
Location: Cherry Hill, New Jersey
1,369 posts, read 4,492,371 times
Reputation: 684
You guys beat me to it. Wiley knows what she is talking about.

Shanny
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Old 09-17-2008, 01:34 PM
 
Location: Stewartsville, NJ
7,577 posts, read 21,829,384 times
Reputation: 1258
sorry guys..I would have responded sooner but my head is sooooo big right now from all the praises - I can barely hold it up long enough to type this post : )))
Thanks guys!
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