U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > Westchester County
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 03-31-2010, 07:16 AM
 
28 posts, read 109,602 times
Reputation: 16

Advertisements

I am considering buying a house with an underground oil tank. I understand there are many potential issues with contamination and I want to have the tank removed by the sellers as a contingency for my purchase. Both agents are acting like I shouldn't be so worried since the tank was "certified" two years ago and has "insurance". I actually think the insurance is a tank protection plan and has limits for how much it pays. Both agents are acting like everyone in Westchester buys houses with UTS and deals with it themselves. Any experiences with this? Can any realtors tell me if this is customary for buyers to be the ones to deal with the tank removal?
Rate this post positively Quick reply to this message

 
Old 03-31-2010, 07:39 AM
 
223 posts, read 735,782 times
Reputation: 58
we had one on the house we bought. An environmental company filled it so it could not be contaminated anymore and we got some sort of certification that it was ok. I think the cost for remdiation was about 2500.I think it costs a lot more to remove it
Rate this post positively Quick reply to this message
 
Old 03-31-2010, 11:03 AM
 
374 posts, read 946,501 times
Reputation: 125
in this market, if you want something, then you should get it. FORGET what the agents say, they are still operating as if it was a sellers market. Also, don't let the agent tell you can do the removal and they will lower the asking price. Make sure they either remove it themselves or give you cash back from the purchase to do it!
Rate this post positively Quick reply to this message
 
Old 03-31-2010, 11:20 AM
 
28 posts, read 109,602 times
Reputation: 16
Thanks for the feedback. I'm feeling like this is going to be non-negotiable to me. I want them to assume the risk for the oil tank...I didn't put it in there, they did.
Rate this post positively Quick reply to this message
 
Old 03-31-2010, 12:19 PM
 
Location: Yorktown Heights NY
1,316 posts, read 4,778,938 times
Reputation: 435
We have one. When we bought the house the existing tank was tested as part of the whole inspection process and it failed (there wasn't a leak, but it was not up to code). The then owners had it removed and put in a new one. The DEC inspected it (we're in the watershed) and it was approved. We thought about having it replaced with an above ground one, but after lots of research we determined that as long as they're recent and up to code the in-ground ones are very safe. And I have to say that where we live just about everyone has one. Personally I wouldn't worry as long as it passes inspection.
Rate this post positively Quick reply to this message
 
Old 03-31-2010, 12:45 PM
 
Location: Yorktown Heights NY
1,316 posts, read 4,778,938 times
Reputation: 435
PS. I forget to say that you should be talking to your real estate lawyer about this, not your agent. A lawyer should be able to tell you what the standard practices are regarding in-ground tanks and what the appropriate certification and insurance is. Our insurance for the tank is quite good. As I said before I really wouldn't worry about an in-ground tank--but your lawyer needs to make sure that the insurance and certification are appropriate and all that you need. Don't listen to the agents--or to random people who post on boards!
Rate this post positively Quick reply to this message
 
Old 03-31-2010, 02:56 PM
 
1,594 posts, read 3,036,759 times
Reputation: 1585
Look for a house with gas heat. Cheaper and better.
Rate this post positively Quick reply to this message
 
Old 03-31-2010, 03:09 PM
 
Location: Yorktown Heights NY
1,316 posts, read 4,778,938 times
Reputation: 435
Quote:
Originally Posted by ponytrekker View Post
Look for a house with gas heat. Cheaper and better.
I much prefer oil heat to gas. We had gas heat in the city and it was dry and nasty and gave me headaches. Oil heat is a lot better.
Rate this post positively Quick reply to this message
 
Old 04-01-2010, 03:34 PM
 
91 posts, read 241,079 times
Reputation: 21
You are also going to have a problem obtaining homeowners insurance. I only deal with about 3 out of 15 that write a home policy for a house with an underground tank.
Rate this post positively Quick reply to this message
 
Old 04-01-2010, 04:18 PM
 
Location: East Millcreek
2,501 posts, read 5,875,071 times
Reputation: 2897
Quote:
Originally Posted by jen919ifer View Post
You are also going to have a problem obtaining homeowners insurance. I only deal with about 3 out of 15 that write a home policy for a house with an underground tank.
What's your basis for this statement? I've never heard a peep from my insurance about it. Nor has anybody I know with an underground tank, including all my neighbors.
Rate this post positively Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > Westchester County
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top