From the Forum: Cost of Heating With Oil?

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    Looking to make an offer. Question about oil heat

    My wife and I are looking to make an offer on a two-family. The building currently uses an oil heating system. Our broker has asked the seller for records for oil purchases so we can get an idea of the cost of heating, but we haven’t been updated.

    I’ve done a lot of digging around these forums, and have seen some posts with people on the high side saying their costs of oil heating was in the $1K/month range for a similar home, so it could be a significant part of the financial calculations.

    The seller has asked for a best-and-final offer we are generally inclined to make one. However, the unknown of the oil heating question has us a bit concerned. Is it unreasonable for us to push harder to get this number before making an offer? Or would you guys recommend any other strategy for handling this unknown?

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