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Hi,
I am in the Due Diligence period to purchase a home built in 1952. I just found out it has an underground oil tank buried near the house. I have Cedar Rock Environmental company coming out to inspect the tank and do a soil test. Any further advise?
If it was properly cut open and filled NP. If not demand it be removed. Some Homeowner Ins co. will not cover ya or may drop ya if it's not handled properly. I had Prudential drop me with a working inspected oil tank. Get rid of it!
From the same link....It looks like there is a compliance deadline for States of October 2018....you may want to research your State. Looks like it could be a real complication. https://www.epa.gov/ust/revising-und...new#compliance
Thanks,
The oil was drained, but it was not properly filled.
Donna
Unfortunately some counties tell ya to contact the EPA, some counties have their own laws. Many let ya just cut a hole in the top and fill it with pea gravel or sand, all depends but if you are the buyer push to have it removed and be done with it! It's not all that expensive so I don't see a seller whining about it.
Whatever ya have done get receipts/permits and keep them with your deed for when you sell.
Cedar Rock Environmental quoted $8,000 to remove it. Another company quoted $2500, but I didn’t feel confident in their work.
It really depends on the permit office of what had to be done. Either way throw it at the seller. $8,000.00 seems really high but then again it depends on the permit office.
The $8,000 covers more than just removal, but they might be able to abandon the tank, which is less. Cedar Rock is a licensed geologist. He said the soil is more than likely contaminated.
Cedar Rock Environmental quoted $8,000 to remove it. Another company quoted $2500, but I didn’t feel confident in their work.
I obviously don't know the particulars of your situation, but that seems like a lot to me. Neo Corp removed mine from my front yard three years ago for $2,200, and they did a fine job. Our soil wasn't contaminated, though—before we bought the house we were given a report (conducted by Cedar Rock) stating this.
Contamination is potentially a huge headache. It's my understanding that if it can be proven oil from your tank has leaked into the water table, you can be held liable for the cleanup. If I were you I'd absolutely get the soil tested, possibly by several firms. I would not rush into this. If the buyer is pressuring you, or if you're afraid the house may slip away, I highly suggest you walk. Environmental issues are no joke.
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