Portland Metro/Tigard Real Estate News

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Wednesday, March 18, 2009

New Rules Could Cost Oregon Sellers

According to this article, when a home's soil is test to see if the oil tank is leaking they are testing for a carcinogen call benzene. If too much benzene is found the oil tank has to be decommissioned. This just means making sure that chemicals are not leaking to the home or groundwater. Most of the time this does not require much soil removal to comply with guidelines but two new chemicals have been deemed carcinogenic by the Environmental Protection Agency.

Naphthalene and ethylbenzene are now considered carcinogens and are a part of the updated screening test for leaky oil tanks. Now more and more home owners are finding that the amount of work needed to fall within the guildelines can be more like $7,000.00 instead of $2,000.00.

Usually these types of things get tested when trying to sell or buy a home and since this is a buyers market sellers are getting hit with an unexpected expense.

It is very much a case-by-case scenario but home owners should know that passing this "test" has gotten a little tougher.

Oil Tank Decommission

http://www.oregonlive.com/news/index.ssf/2009/02/new_epa_and_oregon_rules_doubl.html

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