Asked by Madison, Branchburg, NJ • Wed Sep 1, 2010
I am in the process of buying a home. Upon a scan of the property an oil tank was discovered. During the removal of the tank by the seller, a "small" leak was found. The oil company has stated to the seller the soil is expected to be fully remediated 30 days after our closing date, so the seller's attorney is now asking for an extension for the closing. Seller seems motivated to sell..offering to pay for us to store our belongings, rent a temporary place, reduce purchase price, etc. Should we continue to pursue this home??? Or are we potentially in for a long road ahead?? Any thoughts on what (if any) reduction in price we should ask for being that they have also agreed to remedy the soil??
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