Elizabeth R. Elstien, Realtor turned real estate writer & educator (Self Employed at Elizabeth R. Elstien: Write, Research, Edit, Sell, Educate)

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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Janis Borgueta and Kat Palmiotti could help you, I believe.

Feb 09, 2017 04:10 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Nina Hollander has the answer..good persons to contact!

Feb 09, 2017 06:15 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I'm in the Hudson Valley but don't have any good examples of buried oil tank issues. Many buyers/sellers have either natural gas or an above-ground oil tank. You may want to take a look at the NY-state EPA website for more information on rules and guidlines associated with oil tanks. http://www.dec.ny.gov/chemical/32263.html. 

Good luck!

Feb 09, 2017 12:08 PM
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Kat Palmiotti is the only New Yorker I can think of off hand.

Feb 09, 2017 09:47 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

It looks like you have some good responses here.  I have no experience with that. I wish you all the best. 

Feb 09, 2017 08:08 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

What Nina Hollander said. A

Feb 09, 2017 07:04 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Nina Hollander nailed this one!

Feb 09, 2017 04:55 AM
Roy Kelley
Retired - Gaithersburg, MD

Call a local RE/MAX office.

Feb 09, 2017 04:07 AM
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Janis Borgueta and Kat Palmiotti  may be able to help.

Feb 09, 2017 03:07 AM
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Afraid I can not add anything helpful to this question but I will read the other answers to learn more :-)

Feb 05, 2018 06:58 PM
Janis Borgueta
Newburgh, NY
Retired RE Salesperson

Greatings Elizabeth R. Elstien  I am not an expert on the regulations, but I believe that different municipalities may handle the regulations somewhat differently.

I have done a couple of deals where clients have purchased homes that previously had a in-ground tank. In my experience the attorneys recommend to clients that it be removed prior the transfer of deed along with the proper permits from the town, and any testing necessary. I do not know the costs to the seller for this. Costs would depend on what was involved in the tank removal, and if there were any problems found during the removal.

I hope this helps. 

Feb 10, 2017 07:22 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I have experience with that but, in NC, not NY! Looks like Kat Palmiotti  gave you a great resource!

Feb 09, 2017 08:46 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered.

Feb 09, 2017 11:57 AM
Toronto, ON

Best wishes on your article.

Feb 09, 2017 09:01 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I'm familiar with MA laws...had one decades ago at my own property...it never leaked so I dodge a very expensive bullet....

Feb 09, 2017 07:27 AM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Not in NY state, but in nearby CT you can't convey a property with a buried oil tank - has to be removed, ground tested by state lab, new above-ground tank installed. I actually worked on a transaction like that and it's not a big deal. The removal and new installation plus testing was only about $2K. Easy research for you to look up local costs. 

Feb 09, 2017 06:49 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Although not in NY, we have them here in NH as well. Most often I see propane tanks that buried. Only once in 30 years have i seen an oil tank under ground. For us any tanks over 10 years, it is recomended they are replaced. 

Feb 09, 2017 06:27 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I am dealing with one of these right now

Feb 09, 2017 06:03 AM
Harry F. D'Elia III
Avant Garde Residential Management Services - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

keep searching

Feb 09, 2017 06:03 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would think that the local building department would be a good place for some information.

Feb 09, 2017 05:50 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Many good AR agents in the area, main rule is disclose, disclose and disclose.

May get better answers to your question by going to an environmental consultant or investor.

Feb 09, 2017 05:15 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

How about those of us from San Mateo, CA that dealt with the same issue?

Two solutions were: removal or re-lining it to stop the leak and just leave it buried.

Feb 09, 2017 05:14 AM
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Typically, our buyers deal with it by having the sellers remove it, provide documentation of such, & getting the soil tested.... and it really has to be the RIGHT house.  They often run beforehand. 

Feb 09, 2017 05:06 AM