Homeowner Information April 30, 2023
Underground heating oil tanks can pose many potential problems to both home buyers and sellers. They have been the source of many environmental problems such as contamination of surrounding soil and groundwater.
Leaks are generally caused by rust inside underground tanks or by an electrical condition sparked by electric utility lines.
Buyers should always have the tank inspected to make sure that it is structurally sound. Buyers who do not want an underground fuel tank can arrange for an above-ground tank to be installed in the basement and the underground tank to be shut off. Cleanup of any leaks will also have to be taken care of.
For buyers, the underground heating oil tank should be written in the sales contract. For sellers, your lawyer should make sure that the description and condition of the underground heating oil tank is accurate and up-to-date.
The most important attribute of an agent is that he/she is well connected to the real estate industry.
Buying and selling of mortgages and mortgage-backed securities is called mortgage banking.
Lead poisoning is a serious problem that can lead to adverse health problems.
If you understand your motives, you will be able to better negotiate and to get what it is that you want.
With the burst of the housing bubble and foreclosures, you may wonder if buying a home is still a good idea.
If your goal is principal reduction and saving money, then it is a good plan.
Discounts may also be available if you use the same lender for your refinance loan and your original loan.
Underground heating oil tanks can pose many potential problems to both home buyers and sellers.
For Sale By Owner is a way of selling your home without the use of a professional real estate agent.
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