As a real estate agent, if you are looking to sell a property that has an underground storage tank or underground oil tank, it must be removed by a licensed company. Ignoring a home with an old underground oil tank can negatively impact your sale or your buyer’s satisfaction.
It is important to be proactive and determine whether or not an underground storage tank exists and being transparent with the seller and buyers on the situation. Failure to do so can result in many issues including ultimately losing the sale. Waterline Environmental has compiled a list of factors that impact a real estate agent regarding underground oil tanks.