underground storage tank inspection faq

Underground Storage Inspection Tank FAQ

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

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*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.


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FAQ 2

What is a residential underground storage tank?

It’s a tank used to store heating oil for the home set underground.


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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.


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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.


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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.


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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.


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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.


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FAQ 8

How much does an underground storage tank inspection cost?

Prices range from $100 to $300 depending on various factors.


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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.


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underground storage tank inspection faq

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