Can an unused basement oil tank affect a real estate sale?
If you want to sell your house in the future, you should have your unused oil tank removed. Most mortgage lenders are making removal of an unused oil tank a condition of sale even if the tank has been disconnected for less than 24 months. If you are purchasing a new home and want to verify that no fuel tanks still exist, an inspection of the property is recommended. Using specialized tank locating equipment we can determine if an underground tank is present or not.