According to Floodsmart.gov, we all live in a flood zone. The question is whether you live in a low, moderate, or high risk area.
When purchasing a home one of the clauses in the FAR9 contract deals with advising the buyer to verify by survey, the lender, and/or with government agencies which flood zone the house or property is in. The Flood Zone clause also allows the buyer to determine in flood insurance is required.
Determining if the home or property you are considering purchasing will require flood insurance is just one of the many steps you should take before closing on the transaction. Call me to discuss all of the inspections and precautions you should take before closing on your next home.
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