Profile picture for stuckeyr

Need some advice on selling a home in a flood zone.

I purchased a home in 2008 in a flood zone, it flooded from Hurricane Irene (2011) and has not flooded since. Once a buyer hears "flood insurance" they run away. Is there anything I can do to convince or help the selling of my house? I already lowered the price a couple times and it has not helped much. Other homes in my town not in the flood zone are only on the market for a couple months before they get sold. Please help!  
  • October 08 2013 - Pequannock
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Answers (8)

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  • May 22 2014
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Profile picture for FredGarven
This is all quite unhelpful to say the least.

What might happen is people are going to dump the home and cut their losses, no one cares so why should the home owner, homes which cannot sell should be taken by the gov so people can move on or allow them to stop paying tax on the home they cannot sell its foolish to continue and we are beginning to see this.
  • January 27 2014
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In addition to other things, you could market it by saying seller will pay floor insurance premium for X yrs...?? Maybe that would help.  Good luck!
  • October 11 2013
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Another way also is to show your BFE Base flood elevation from fema which you can access by going to their site and accessing with your address. I know for my area the website is http://www.region2coastal.com/
here is the direct link to the address part http://www.region2coastal.com/sandy/table

All flood insurance will be based off the current maps and you should also know that and give out that info as well as all the other information that was recommended by the others here.
  • October 11 2013
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Profile picture for CallTheSisters
How much is your flood insurance currently?  You have to disclose the flood but at the same time you can disclose the cost of insurance. Many buyers perceive that flood insurance is astronomical.

You can't change the facts you can only lessen the blow.  We deal with flood prone homes all the time.  Wilkes Barre and the surrounding area flooded twice in two weeks that year.  Homes still sell.
  • October 10 2013
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Always disclose all this information before selling in order to avoid a lawsuit.


Thanks
Samuel Rifkin
  • October 10 2013
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Melissa, I believe that your post is a violation of Article 16 of the Code of Ethics. Regards,
  • October 08 2013
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Profile picture for CallTheSisters
Melissa

It's nice to see you out here on Zillow offering consumer advice.

Perhaps  you should read Good Neighbor Policy before you post.

We offer advice - we do not advertise or give contact information.
  • October 08 2013
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