We are updating a home built in 1928 and will put it on the market soon. It has a heating oil system.

Asked by Shari Downing, Buffalo, NY Fri Feb 6, 2009

Should we consider upgrading to propane gas furnace for better/faster resale? Is heating oil a negative feature? The heating oil furnace is 10 years old.

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Keri Ricci, Agent, Cherry Hill, NJ
Fri Feb 6, 2009
Shari, You will need the advice of some of your local realtors as to what your market it looking for as long as the oil tank is above ground. There are markets all over the country that are still happily using oil heat. I would venture that just about anyone, anywhere is not too happy about buying a home with an underground oil tank in this day and age. There is just way too much liability. In my market, if the home has an underground tank, just about any buyer and every buyer represented by an attorney, will want that tank out of the ground, with proper documentation and clearance from the local government and the state that the soil is fine, before they will go to settlement. If you need a list of some of the best realtors in your area, send me an email and I will assemble that for fyou from my networks and affiliates. My email is keriricci@kw.com
Web Reference:  http://www.keriricci.com
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