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Paying for Oil at Closing
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seeinstarz
LIF Toddler
Member since 1/08 382 total posts
Name:
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Paying for Oil at Closing
How is the price of oil determined at closing..Where do they come up with market value? It seems as though Im going to be paying way too much. I thought oil was about $3 a gallon or even lower right now??
TIA
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Posted 10/27/08 12:53 PM  |
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EJCLJ01
LIF Infant
Member since 8/08 213 total posts
Name:
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Re: Paying for Oil at Closing
The seller has to request a reading to be done by the oil company.
The oil company give them an reciept or papers indicating how much oil is left and the price per gallon.
The seller had paid over 4 dollars a gallon since her last fill up was the previous winter. We only paid in the mid 3 dollar range.
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| Posted 10/27/08 12:59 PM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: Paying for Oil at Closing
Our seller had the tank filled about 7 days before we closed. He had the measurement of how much was left at the close and showed us the receipt and we paid the same price he did and paid him the remaining balance of what was owed.
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| Posted 10/27/08 1:24 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: Paying for Oil at Closing
The seller had a delivery about 2 days before closing, so he gave us a copy of the receipt and we had to cut him a check.
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| Posted 10/27/08 3:59 PM |
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