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Underground Storage Tank Inspection FAQ

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Frequently Asked Questions regarding Underground Storage Tanks Inspections

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Underground Storage Tank Inspection FAQ

  1. 1. Underground Storage Inspection Tank FAQ
  2. 2. 1. What is an underground storage tank inspection? 2. What is a residential underground storage tank? 3. What’s involved in an underground storage tank inspection? 4. How should I choose an underground storage tank inspector? 5. What are the benefits of an underground storage tank? 6. When do I need an underground storage tank inspection? 7. How often should I have my tank inspected? 8. How much does an underground storage tank inspection cost? 9. Who pays for the underground storage tank inspection? Copyright 2013, LessThan6Percent Table of Contents 2
  3. 3. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 1 What is an underground storage tank inspection? It’s an examination of the integrity and tightness of an underground tank and its parts. Typically, a soil sample under the tank is taken to discover any leaks that can cause health or environmental hazards. Copyright 2013, LessThan6Percent 3
  4. 4. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 2 What is a residential underground storage tank? It’s a tank used to store heating oil for the home set underground. Copyright 2013, LessThan6Percent 4
  5. 5. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 3 What’s involved in an underground storage tank inspection? An inspector will make sure the tank is sound and tight. He will test the tank’s lines, tubing, piping, pressure and check for the presence of water in the tank. An inspection can also include retrieving samples of the soil under the tank to discover leaks that can cause health and environmental hazards. Copyright 2013, LessThan6Percent 5
  6. 6. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 4 How should I choose an underground storage tank inspector? Choose an inspector who is fully licensed, insured, certified by the state, and experienced in dealing with hazardous materials. A great way to find someone is to contact your state Environmental Protection Agency for a list of certified inspectors in your area. Copyright 2013, LessThan6Percent 6
  7. 7. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 5 What are the benefits of an underground storage tank? A heating oil storage tank gives homeowners the ability to safely store an adequate supply of heating oil that is ready for immediate use whenever cold weather or a need to heat the home arises. Heating oil is widely used in parts of the U.S. and Canada where natural gas and propane are not readily available. Copyright 2013, LessThan6Percent 7
  8. 8. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 6 When do I need an underground storage tank inspection? Often the tank does not become an issue until the home is for sale, when an inspection may be done one to two weeks before closing. Before finalizing the sale of a house, lenders and homebuyers may want sellers to remove or decommission an abandoned heating oil tank. Copyright 2013, LessThan6Percent 8
  9. 9. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 7 How often should I have my tank inspected? Tanks should be inspected at least every fall so that they are ready for the cold months and to ensure there are no leaks. Copyright 2013, LessThan6Percent 9
  10. 10. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 8 How much does an underground storage tank inspection cost? Prices range from $100 to $300 depending on various factors. Copyright 2013, LessThan6Percent 10
  11. 11. *Source: National Association of Realtors. Home Buyer/Seller Profile 2012 FAQ 9 Who pays for the underground storage tank inspection? The seller usually pays for the inspection as a lender sometimes asks for proof before approving a loan. Copyright 2013, LessThan6Percent 11

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