Don’t just take the seller’s word for it. Check the to see if the property is in a Special Flood Hazard Area (SFHA) . You should also look for "elevation certificates" for the home, which compare the building’s elevation to the estimated flood level in a major storm. 2. Factor in the Real Cost of Insurance
Buying a home in a is a significant financial decision that requires more than just a standard inspection. Here are the critical steps to take before you sign: 1. Identify Your True Risk buying a house in a high flood risk area
Even if you are comfortable with the risk, future buyers might not be. Homes in high-risk areas can take longer to sell and may appreciate slower than those on higher ground. Always consider your . 5. Check History and Disclosures Don’t just take the seller’s word for it
Review the . This shows the insurance claim history of the property for the last seven years, which can reveal if the home has flooded previously—even if the seller isn't legally required to disclose it in your state. Identify Your True Risk Even if you are