Metro Vancouver Properties for Sale


  Mortgage Calculator

Calculate Your Payments

  Buyer Resources

Best Real Estate Advice

  Seller Resources

Selling For Top Dollar

  Mobile Listings

Search Anywhere Always

  Here To Help You

You Can Contact Me Always


Buyers Beware--Oil Tanks Abound Underground! by Geraldine Santiago

Realtor and Author


Many underground oil storage tanks in Canada have reached the end of their useful lives and are beginning to corrode, rust, and leak.  Leaking fuel oil tanks may create several hazards.  Oil and its varpours can--


  • generate a potentiall explosive mixture
  • enter surface water
  • enter drinking water
  • contaminate surrounding (your neighbour’s) soil and property


For a first time home buyer, who would think of searching for an underground oil tank?  It is difficult to know whether or not a property has an oil tank in the back, especially if the oil tank is buried underground! There are some signs such as a long pipe found in the exterior of a home, or there may be a small pipe sticking out from the ground. Oil tanks can be burried in the back of the house, or the front of the house, there coul be one, two or even three of them on a property. They have been known to leak and contaminate neighbouring properties or even the property you are purchasing!


Most provinces and territories currently have safety standards for oil tanks.  If you suspect the home you are purchasing may have an oil tank, check with your REALTOR, and make sure you hire a home inspector who inspects the entire property.  Make your concerns known to the home inspector to watch out for oil tanks as there may even be more than one oil tank located on the property.  Look at the age of the house, and find out as much as you can from the previous owners.  Check the property condition disclosure statement (PCDS) as well as this is now included in some disclosure statements in Canada.


If the property you are purchasing has an oil tank, make sure that the sellers are responsible for the removal, clean up and disposal of the oil tank as this is a cost you don’t want to incur. As a buyer, make sure you receive documentation such as a certificate from the oil tank removal company and pictures of the removal and disposal so that when it is your turn to sell your property, all the documentation will be in order for a clean sale.


Post CommentComments: 0Read Full Story
Categories: 10 mistakes home buyers make | 13th annual vancouver first time home buyer seminar | 2014 new trends real estate | 3 top mistakes home buyers make | 5 mistakes home buyers make | 5 steps to buying a home | affordability | buy first home metro vancouver | buy home vancouver real estate expert | buying in burnaby home buying seminar | buying in east vancouver home buying seminar | buying in new westminster home buying seminar | buying in port coquitlam home buying seminar | buying in richmond seminar | buying your first home | don't panic attend our free home buying seminar october 2013 | emerging and new real estate trends in vancouver | first home buy metro vancouver | first time home buyer | first time home buyer n a multiple offer or competing bid situation | first time home buyer seminar 2013 fall | first time home buyer vancouver in a competing offer | first time home buyer zoning advice | first time home buyer--- noise, noise and more noise! | first time home buyer: zoning- what is it good for? | first time home buyers and foreclosures | first time home buyers buying a unit in an older building | first time home buyers pick | first time home buyers: open house etiquette | first time home buyers: where have they all gone? | forecasts, seminars and information on real estate | free home buying seminar | Free monthly stats- attend our free home buying seminar | home buy first metro vancouver | home buying 101, real estate seminars and books, geraldine santiago realtor | home buying first metro vancouver | home buying guide | home buying property | home buying seminar | Home Buying Seminar, Free Home buying Seminar | home buying seminar, new and improved | home buying seminar, reference letter from librarian, real estate home buying, real estate experts | home selling seminar vancouver | how to buy your first home | latest info on selling your home | like going through a maze | lot information to builders | metro vancouver home buying seminar | new and emerging real estate trends 2014 | new home selling trends | new trends in real estate 2014 | new trends in selling | oil tanks, first time home buyers | panel of real estate experts empower you | RE/MAX 12th Annual First Time Home Buyer | RE/MAX home buying seminar 2013 | real estate 2006 | real estate emerging trends 2014 | real estate home buying seminar | real estate selling vancouver | real estate vancouver | real estate vancouver new trends | realtor help? first time home buyer | RRSP down payments, density, | savvy realtor | sell your own back yard | selling your home | selling your home to builders | the sellers told me their house was near the water. It was in the basement. | underground oil tanks first time home buyers | Vancouver | Vancouver First Time Home Buyer Seminar 2013 | vancouver real estate | zoning, lot, location, land for first time home buyers