If time and budget allow, yes - complete removal with a clean closure report is the most effective way to eliminate buyer anxiety and lender objections. A tank that was decommissioned in place (filled with sand or foam) is legally compliant but still creates buyer hesitation because soil beneath it was never tested. Removal costs $3,000 - $8,000 with clean soil. If contamination is found during removal, remediation costs escalate significantly.
From the seller playbook: Underground Oil Tank Disclosure and Remediation for Sellers
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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