A common inspection during real estate transactions is an oil tank search. The other day I got the pleasure of meeting Terra, a talented dog who works for EcoTech.
Oil tanks were used in old homes as the fuel for the heat source. They were placed in the ground or sometimes in basements and contained the oil that helped to ignite the heating system.
Oil tanks are no more! Homes now days are heated with gas or electricity. This is because the oil is not only costly, but it’s also not too great for the environment. After some aging occurs the tanks have been known to leak and contaminate the surrounding soil.
When pending to purchase a home, we recommend oil tank searches to our buyers as a protection to them. EcoTech is often the company we call, and they have a shining employee over there that just can’t be ignored!
Meet Terra, the underground storage tank sniffing dog! Terra has been trained to sniff out buried tanks so she serves as a professional woman-dog, a companion, and as EcoTech’s right hand lady for years to come. She is so impressive! Blows my mind how one can be so sweet, so smart, and so dog!
Check her out on Facebook under EcoTech LLC.
Open houses sometimes call for help. She’s so cute she got the job! Selling houses, taking naps, and calling the shots. Big dog in town!
PORTLANDIA’S ESCROW SUMMARY:
Watch this! Maybe it isn’t the best description ever, but Portlandia’s view is indeed quite entertaining. Click the link: The S-crow
WHAT IS ESCROW, REALLY?
An escrow is a deposit of funds, a deed, or a similar instrument by one party for the delivery to another upon completion of a condition or event. In a real estate transaction, escrow is a neutral account led by an escrow officer by which all interests of each party to the transaction are protected.
To open escrow a buyer and seller agree on terms (this is when an offer is accepted) and establish conditions for the transfer of property ownership. The third party, the escrow officer, is there to help see that the terms are met prior to closing and prior to the transferring of ownership.
Escrow can hold any money or documents necessary for the sale to happen, for example earnest money or deposits for rent back periods, sale agreements, etc., and assists buyers and sellers to sign closing and loan documents as needed. Once you are pending to purchase a property, you are in escrow!