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If you have tank that ages many many years ago

chances are that it could be unable to hold against

corrosion and the possibilities of an oil leak or spill

Many old underground fuel storage tanks were

installed without adequate protection against

corrosion and contamination If your tank is one of

them then you have a time bomb that is about to

explode well not if you can pass the problem by

selling your home to an unaware buyer Why donrsquot

you replace it now

The Case for a Fuel Storage Tank Replacement

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Reluctance from Home Buyers

If you are thinking about putting your house

for sale you better remove your

underground tank (if you do have one)

before a prospective buyer would broach

about the topic and demand that you

dispose You may think that the tank is not

leaking but buyers would think otherwise

They are looking to buy the house not to

own the problems your vessel may bring

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Many home buyers are reluctant to

buy a property that has a potential

time bomb buried somewhere They

wonrsquot be content even if the real

estate agent or sell will tell them the

tank does not leak They will get to

hire an expert to take soil samples or

conduct an inspection If the test or

inspection reveals your tank is

leaking you will be pushed to shut it

down and dispose its content

Reluctance from Home Buyers

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Responsibilities of Real Estate

Agents and Sellers

As the seller you should not pass such a

leaking liability to your buyers On the other

hand real estate agents should exercise

their responsibility in selling safe and

danger-free properties to their clients A

good real estate agent would be advising

you on the whereabouts and removal of

your tank before you consider putting up

your home in the market

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Real estate agents or sellers may not be

happy about having to dispose underground

fuel storage tanks but because they have no

choice they will have to comply with the

buyersrsquo demands or else there would be no

purchase agreement They cannot escape

the scrutiny of buyers who are painfully

aware of the potential problems leaking

storage tanks may bring

Responsibilities of Real Estate

Agents and Sellers

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If you detect something wrong with

their tanks and suspect leaks or

spills it is better you cure the

problem before you run out of time

Responsibilities of Real Estate

Agents and Sellers

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Problems with Old Tanks

Aging tanks could have rotten walls

oil lines fill or vent pipes because

the technology available back then

did not guarantee them against

damages from corrosion and other

factors that could have led to their

demise Old vessels were made out

of bare steel and were single wall

then Whatrsquos more with the lack or

regulations owners failed to keep

their tanks in good working

condition

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Put yourself in the position of

buyers who are wary about the

presence of old tanks Do you

want to own a new home with a

potential disaster buried around

Definitely not you would say

Problems with Old Tanks

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It is better to be safe and act

immediately on the problem than to

feel sorry and regret later A timely

act can prevent a looming

environmental health and financial

problem

Problems with Old Tanks

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Opting For Tank Replacement

Yoursquore lucky if your tank doesnrsquot leak and you

have time to replace it with a superior and

well-protected one There are many

contractors who are specialists in

underground tank removal and replacement

Even your local oil company can help you on

this matter Do not wait for buyers to tell you

about removal or replacement Replace your

tank now

Underground Fuel Storage Tanks

Underground Tank Removal

Underground Storage Tanks

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