Do I Need to Do a Tank Sweep When Buying a Home in NJ?

If you're a homebuyer in New Jersey, you might be wondering if you need to do a tank sweep as part of your due diligence before purchasing a property. A tank sweep is a process of inspecting a property for the presence of an underground oil tank, which can pose environmental and financial risks if not properly addressed. Let's explore the reasons why a tank sweep is important and whether it's necessary for every homebuyer in NJ.

Why is a tank sweep important? There are several reasons why a tank sweep is important when buying a home in NJ:

• Environmental risks: Underground oil tanks can leak and contaminate the soil and groundwater, leading to costly cleanup expenses and potential health hazards.
• Financial risks: If a tank leak is discovered after you've bought the home, you could be liable for the cleanup costs, which can run into thousands of dollars.
• Peace of mind: Knowing that there are no hidden oil tanks on the property can give you peace of mind and help you make an informed decision about the home purchase.

When is a tank sweep preformed?

A tank sweep is typically conducted by a home buyer after their offer is accepted and while they are under contract. Usually you can schedule your tank sweep and primary home inspection to be preformed at the same time.

Is a tank sweep necessary for every homebuyer in NJ? While a tank sweep is not legally required in NJ, it's highly recommended, especially for homes that were built before the 1980s when underground oil tanks were common. Even if the current homeowner has no knowledge of an underground tank, there is still a possibility that one may be present on the property. Doing a tank sweep as part of your due diligence can help you identify any potential issues before you commit to purchasing the home. Additionally, if you're getting a mortgage, your lender may require a tank sweep as a condition of the loan.

In conclusion, while a tank sweep is not required by law in NJ, it's a good idea to have one done as part of your due diligence before buying a home. It can help you avoid potential environmental and financial risks and give you peace of mind about your purchase. Be sure to work with a reputable and experienced tank sweep provider to ensure that the inspection is done thoroughly and accurately. As always, we, Borcherding & Borcherding are happy to get you in touch with reputable tank sweep inspectors.