buy property with oil tank at bargain price?

[Kumar Appa]

there is a multi family home I came across but it has a buried oil tank.seller has positive report about the tank.would it make sense to risk and buy property at bargain price and later get rid of oil tank?atmost what is the risk here?

[Charlie MacPherson]

The risk is that the tank leaks and you'll be looking at crippling cleanup costs.

If it were me, I'd make my offer contingent on the tank being removed and the surrounding soil being tested by a licensed environmental testing contractor and coming back clean.