Home Buying in 08075>Question Details

Bangpitcher, Home Buyer in 08075

Buying a home in NJ next door to an old gas station. Buried tanks and contamination on other properties has been disclosed. Should we be concerned?

Asked by Bangpitcher, 08075 Mon Jul 11, 2011

All the problematic tanks are on the gas station property. No contamination has ever been found on our (future) property. However, we have been told so many times about this problem we're starting to get spooked. My only concern is that I could potentially be liable or incur expense due to the problems next door.

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9
The question will always be there..

Tthe quesiton is here now when you buy the house and will be there again when you try to sell it.

Yes, be concerned. Be spooked... move on.

It can't be THAT cheap.. and if it is.. well, then it is. You get what you pay for.
2 votes Thank Flag Link Mon Jul 11, 2011
Yes you should be concerned. Many of the resons why have been explained in previous answers. This would be a good time to trust your sense of being spooked about this property and move on.
0 votes Thank Flag Link Tue Jul 12, 2011
The very thing that is causing you to "pause" will likely do the same with future buyers, and with that reduce your buyer pool, possibly negatively influence value and lengthen time to sell. Do your homework, talk to the township. If there are properties that are in your thoughts that do not have this cause for concern, take it into consideration.

Soil contamination can be a costly problem.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Tue Jul 12, 2011
The very thing that is causing you to "pause" will likely do the same with future buyers, and with that reduce your buyer pool, possibly negatively influence value and lengthen time to sell. Do your homework, talk to the township. If there are properties that are in your thoughts that do not have this cause for concern, take it into consideration.

Soil contamination can be a costly problem.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Tue Jul 12, 2011
Bang,

There are certan risks invoved when purchasing any property but when we are aware of them....it takes things to a much higher level.

Should you be concerned....absolutely.

Are there precautions you could take to protect your interests.....definitely!

To put this to rest, request that drilling and soil samples be done. This should mitigate your risk and provide some peace of mind. Requesting that the seller share the expense of this venture is not an unreasonable expectation.

You should be concerned and take measures to protect yourself but your decision to move on may be best supported by factual information instead of speculation. Disclosures are given for a reason.......

Good luck,

Bill
0 votes Thank Flag Link Tue Jul 12, 2011
Absolutely you should be concerned! If the oil tanks leaked and/or have not been removed.You can ask the listing agent for the necessary paperwork on that property. Also, the agent can get the info from the DEP on the gas station property as well if there was an issue. The gas station ultimately would be responsible for the clean up.
Take a look at the NJ epa.gov website, there is tons of info about oil tanks and remediation.

If I can be of any further assistance, please feel free to contact me.

Regards,

Jody Pagliuso
0 votes Thank Flag Link Tue Jul 12, 2011
Absolutely you should be concerned! If the oil tanks leaked and/or have not been removed, the soil on the neighboring properties can be affected along with the water table. The gas station ultimately would be responsible for the clean up but what if they do not do so?
Look at the NJ epa.gov website, there is tons of info about oil tanks and remediation. It is a long drawn out process and not a fun experience to go through.

I agree with Thomas, why take the chance?
0 votes Thank Flag Link Mon Jul 11, 2011
Although there might be no contamination today, no one knows what will happened over time. If you are "spooked" today, imagine how another buyer will be concerned when you are to sell this house. If you have a choice, find something else. This house is probably cheaper than other due to proximity to the gas station. It still will be cheaper when you will be selling it. just my "2 cents"
0 votes Thank Flag Link Mon Jul 11, 2011
Why take the chance. Migration of contamination could happen at any time. There are other homes that are available in this market.
Web Reference: http://TomMaher.com
0 votes Thank Flag Link Mon Jul 11, 2011
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