💡 What are the potential costs of a buried oil tank liability?
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🏠 Home Details
You found a lovely house with a new roof and a dry basement. The price is right, but there's a catch: a buried oil tank, and the sellers are selling "as is." This calculator helps you estimate the potential environmental liability you might inherit.
🛢️ Oil Tank Risks
An intact tank costs a few thousand to remove. But if it leaked, you're on the hook for soil remediation. If the oil reached groundwater, costs skyrocket. Here are the potential costs you face if the worst happens.
🤝 As-Is Sale
The sellers are selling "as is," meaning they won't pay for cleanup. They might offer a small credit to close the deal, but you assume all the risk. See if you have enough cash to cover a worst-case scenario.
🔗 See Also
📊 Results
Cash to close
Total potential liability
Net liability burden
Total cash required
Post-repair reserves
The Verdict
Walk away
Calculator updated by heyfinfam (v26.8.0) · View history
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