For Sellers/Owners

If you own a property with a home heating oil tank, it is recommended to have the tank removed as soon as possible.  The tank could start leaking or could already be leaking.  The sooner you take care of removing the tank, the sooner you minimize the damage.  If you do want to sell the property in the future, it will most likely be an issue you will have to deal with prior to sale.  Many insurance and mortgage companies are starting to require for tanks to be removed and releases cleaned up before they will help buyers.

Although it is not a requirement to test or remove heating oil tanks if the tank has not leaked, North Carolina law requires disclosure of any tank that is/was located on the property.  Buyers (under contract) have the fullest right to test/inspect the tank prior to buying a property.

 

 

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