There is an Underground Tank Where?

Real Estate Agent with Lisa Von Domek & Associates LLC Team TX License #0552989

Environmental Issues

When purchasing a piece of property, it is important to be aware of any environmental liabilities associated with it. For example, you should find out if there are any registered underground tanks within several miles of the property, known contaminated properties in the neighborhood, or property owners who have been fined by the government for failing to meet environmental safety standards.

Before, it took a costly site investigation to acquire this type of information, but now there are online environmental databases available at a fraction of the cost. Anyone can access reports on otherwise hard to detect environmental issues. With these databases, it is possible to obtain a list of hazards near a property, or spills and violations attributed to businesses nearby.

Some reputable databases include VISTA Information Systems, located in San Diego, California, which allows you to register and search the data bank for free, and E Data Resources, which is located in Southport, Connecticut. These services are all relatively inexpensive, but can provide you with priceless information that is useful before you make a purchase.

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Michael S. Bolton
Michael S. Bolton,Inc. - Zimmerman, MN
MN Appraiser

Hi Lisa~I appraise a fair amount of vacant land, mostly rural stuff, but I should check and see if there's is something like this for our area. You just never know, thanks for the tip.

Have an AWESOME day!

Mar 11, 2012 01:54 PM #1
Lisa Von Domek
Lisa Von Domek & Associates LLC Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Michael,

I am so pleased this was useful to you.  Have a wonderful week!

Mar 11, 2012 03:38 PM #2
Ricki Eichler McCallum
Keller Williams Island Properties - Corpus Christi, TX
Broker,GRI,ABR, - Your Coastal Bend Home Source

Hi Lisa,  How often do I hear agents say Do I really need a sellers disclosure?  It's just vacant land?   Yes!!!! There are lots of things with vacant land that might need to be disclosed.  Your blog is a great reminder.  Thanks!

Mar 11, 2012 06:28 PM #3
Lisa Von Domek
Lisa Von Domek & Associates LLC Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Good morning Ricki,

I do believe in the tried and true "there is no such thing in too much information"!  Thanks for stopping in and commenting - have a wonderful week!

Mar 12, 2012 03:57 AM #4
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Lisa Von Domek

....Experience Isn't Expensive.... It's Priceless!

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