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Old Posted Sep 21, 2019, 10:58 PM
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JManc JManc is offline
Join Date: Feb 2003
Location: Houston
Posts: 30,892
Originally Posted by pdxtex View Post
are there disclosure laws for homes that have flooded or are buyers left to their own dilligence? do people try and cover that kind of history up? you certainly see listings down there that say did not FLOOD in capital letters....
Yes as of this month. Sellers have to disclose if home is in 100 year flood plain and if the home ever flooded but without, pretty hard to hide. A little knowledge of the neighborhood and any repairs coinciding with major events. Previously, owners had to disclose if there was a flood risk. When you go to get a quote for flood insurance, you'll know pretty quick the flood risk. I backed out of buying a house a few years ago when i discovered it sat in 100 yearplain. And insurance was $3,000/ year just for flood. It's normally around $500 and optional if you don't live in risk area.