Buried Oil Tank

        

Your residential underground tank is not regulated by the State or Federal government and you are not required to remove a tank either active or not in use. However it has become a regular requirement, (driven by the fear of law suits), and imposed by the real-estate companies who are selling houses in this day and age, to require a written statement declaring no buried tank exist on the property being sold.

You as a seller, can have a dead tank filled with foam or concrete, but this doesn't get by the question on the paperwork as to whether there is a tank on the property. If there is a buried tank on the property the buyer can and probably will, ask for an examination of the soil under the tank by a certified engineer at the sellers expense. And this can be big bucks as well as opening a can of worms.

It is not our intent to advise you to do a cover-up of any contamination, but to advise you on the least expensive manner of taking care of this over-regulated, but probably will get worst, situation. At this time any contamination found at the time of digging is taken care of by a state fund which eliminates almost all the cost of clean-up.

If you have an under-ground tank older than 25 years whether used or not, you should get it out while the current rules are in place.

 


If you have questions or are interested in buying or selling
Real Estate in Winston-Salem, Lewisville, Clemmons and surrounding areas
of Forsyth, Davie, Davidson, Yadkin and Guilford Counties of NC
 please feel free to email or call us at (336)413-0288.