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Seller Advice
Test
your
tank before entering into a
purchase agreement
with a buyer.
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This will enhance marketability of your
property and avoid confusion during the real estate transaction.
In the event that the tank inspection finds problems with the tank
system, the seller will have time to repair any problems without being
pressured by an anxious buyer.
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If the buyer's inspection determines the
tank system failed, the buyer is in the driver's seat instead of the
seller, especially in "tight" real estate markets. We know of many
instances where buyers force sellers to completely decommission tanks
even when the tank requires only a minor repair such as fixing a broken
pipe or repairing a tank fitting.
If the buyer orders the inspection and
the tank fails the inspection, the buyer has the right to cancel the
contract or demand the seller correct the problem. If the buyer
cancels, realtors have an ethical obligation to inform all potential
buyers about the tank failure, even if the seller remedies the tank
system problem.
Choose
a "tank inspection company" to test your tank or soil- not a tank
contractor that is also in the business of removing or repairing tanks.
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Why?
Companies that perform tank inspection and tank removal services have a
vested interest in finding problems with the tank system, which is an
inherent conflict of interest. Our company only performs
tank & soil inspection services. We have no affiliation
with companies that remove and repair tanks.
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The
buyer hired the tank testing company. What should I demand from the
buyer's testing company before the inspection date?
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Obtain a
written copy of the testing company's insurance policy which should
contain coverage for both liability and errors & omissions insurance.
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Refuse to allow companies that are in the
business of removing/repairing tanks to evaluate your tank.
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Request copies of the company's state
licenses and certification to test tanks in advance of the test date.
In many jurisdictions the company and the technician must both be
licensed.
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The testing company should have the
capability to test the tank and evaluate the soil.
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New
Jersey homeowners faced with costly heating oil clean-ups may be
eligible for state financial assistance.
 Advanced Tank
Services Co.
ATS Environmental
1-800-440-TANK
1-800-440-8265
Our operating region includes: New Jersey (NJ), New York (NY),
Pennsylvania (PA),
Connecticut (CT), Maryland (MD), Delaware (DE) & Massachusetts
(MA)
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Hot Topic
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| Do you
have questions? Please call us at:
1-800-440-8265 |
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