I’ve looked at 38 homes this summer. My partner and I don’t have FAANG salaries. We’re trying to stay under 800k with some budget for repairs.
We found a home that checks all the boxes, and we’re about ready to submit an offer. It’s a 1962 SFH and I asked the fire department to check records, they found it was pumped, rinsed & capped/plugged (which were the requirements for decommissioning in place in 2004), is still be in the ground, and was NOT filled with any inert materials.
My dad is telling me to walk away or get a soil test. My realtor is telling me it’s fine. The internet says to expect nothing or 500k in future liabilities for environmental agencies… what are your thoughts?
TLDR – pre 1970 seattle homes overwhelmingly have in ground oil tanks, of those decommissioned ~70% are capped rinsed and buried . Is a home with a decommissioned in ground tank a deal breaker to you? Why or why not
submitted by /u/b_cheesy
[link] [comments]