Things You Need to Know When Selling A Home with a Propane Tank

Propane heat is no doubt a great selling point. But what should you do when you’re still living in the house and using residential propane gas as usual, and then the property suddenly sells? Should you just let the new owners have the leftover gas—even if it’s worth a lot of money? Should you run your propane tank down? Should you ask the new owners to pay?

The ‘right’ answer really depends on your preference. However, many home sellers who are faced with the same dilemma often choose to prorate the propane gas that is left in their tanks—and you can do the same. You as the seller are entitled to prorate off whatever amount of residential propane gas is left is in the tank when selling your house. Contact your supplier and ask for a written statement showing the current market price per gallon. You can use this to calculate the cost of the leftover propane gas. Do note that fluctuating propane prices can add complexity to the equation, so you probably won’t get to charge the exact retail price. Your supplier will consider several factors such as the tank size, refilling frequency, and even the duration of the new owner’s contract.

It’s also good practice to provide the buyer with a tank maintenance history. After all, a well-maintained propane tank is an asset. Be sure to gather documentation for gas lines, appliance, and propane tank maintenance and give them to the new owner. This may include invoices and account statements from your provider. This will assure them that the propane-related cost you added to the home’s selling price is worth it.