Selling a House in A Flood Plain

When it comes to selling a house in a Flood Plain there are a few things that need to happen. In most cases, the house is probably paid off so you no longer hold flood insurance. However, that doesn't mean that your next buyer is not going to need it.

To begin the process of selling a house in a flood plain you will need to do the following:

- Obtain Bids for Flood Insurance

- Is it in a 100 or 500 Year Flood Plain

- Has the house ever flooded

These are all things a potentially interested buyer is going to want to know. So by providing the info this will help the process go much smoother & quicker. If you are the seller, you could even offer to pay the buyers flood insurance for the 1st year after closing. This will save them thousands of dollars & result in a quicker sale!

Just so you are aware... a house in a flood plain is typically a deterrent for most home buyers. Unless it is on the river or lake, make sure you price the house effectively to sell because of the additional expense.

For a cash offer on your property please give us a call on our office line 920-215-4201