Liz makes a good point...to profit in real estate is ALL about what and when you buy and how you buy. Selling is secondary in the equation of life.

This is a tricky question, a lot depends on price and location. I bought 23 flooded homes some of them were in flood zone ae. One in which, I live in. Not all of metairie falls in the zone. The money to be made in Real Estate is always in the buy........ Buy it right and in this location you should not have a problem, Re zoning is taking place all over the area. It is something we all have to live with, but as far as resale value, it would depend on your location.. Remember price and location is what you need to look for. One thing I have to say,buy now and reep the rewards in the future when the market turns as it always does. Remember the money to be made in real estate is in the buy... Thank you, Liz Boudoin Keller Williams Realty Proffesionals Slidell, La.

Alot depends on what price you are paying for the home, how much was it flooded and the potential for appreciation minus the risks of flooding in the future. This is a block by block analysis that can best be answered by using a Buyer's Agent - a Realtor representing you who can help you decifer what is VALUE and look at the history of this and possibly other houses in the neighbourhoods to help you make the best decision.

It all depends on how much the Flood Insurance is. You can get a home that has been renovated, move in condition and the seller may even pay some closing cost or/and pre-paids. Email me today and I would love to help you find a home.
Degrusha@Yahoo.com
Josie DeGrusha
Re/Max Affiliates