![]() (This also is referred to as the “base flood” or “100-year flood.”) You’re in a high-risk flood zone, or Special Flood Hazard Area (SFHA), if your flood zone on FEMA’s map has a code starting with A or V.Source: (jim gade/ Unsplash) Know your situation: Flood zone variances and insurance basicsĪs a homeowner you know the ins and outs of your property including which flood zone you’re in, but here’s a quick refresher on what that means as you go to transfer the home to someone else, according to FEMA (the Federal Emergency Management Agency). With the right approach you’ll put yourself in the strongest position to sell despite your location. Whether you bought your house when it was already in a flood zone or your house recently got classified as high-risk, find out how to navigate key steps like pricing, disclosures, and conversations about flood insurance. According to FEMA, 13 million homeowners live in the high risk 100-year flood plain, which means they face a 1% chance of flooding during any given year. People buy and sell houses with various drawbacks every day. Think of it like selling a house on the corner of a busy intersection or near a power line-your location in a flood zone is a hurdle, not necessarily a deal breaker from the start. How hard is it to sell a house in a flood zone? Depending on which type of flood zone you’re in, you may face some challenges ahead to attract the right buyer willing to take on the extra risk and expenses associated with your home’s location.
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