Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in Austin County : Real Estate Advice

  • All13
  • Local Info2
  • Home Buying6
  • Home Selling0
  • Market Conditions3

Activity 7
Fri Dec 17, 2010
Debra (Debbie) Rose answered:
Although it says you are a homebuyer, from the way you phrased your question: "We are in a flood zone"...I will assume you are selling your home that is located in a flood zone.

Well, the first question any buyer will ask is: since it IS in a designated flood zone - has it EVER FLOODED?

The answer to the above question is major, and will factor into how much the flood zone situation will be an issue.
I assume you already obtained the flood certificate, it will show to what extent the home is in the zone -- partially? fully? just the porperty but not the house itself? These answers also factor in.

So.....you must disclose all of this to the buyers - that's a given. You should also get a price range of how much the insurance will cost, and disclose that.
It is what it is, and you must be upfront about it.

Bottom line - there will be some buyers who will be scared away when hearing the term flood zone.
Be prepared that buyers will also expect a discount of some sort in the price, too.

The extent of flooding in the past will ultimately factor into the final sale price.

On a positive note - your home qualifies for the insurance, and others may not - even homes that may flood on occasion can't obtain that special insurance unless situated in a flood zone.

Obviously, a local agent can fill you in as to what a realistic price range would be.

Hope this helps!

Good luck!
... more
0 votes 3 answers Share Flag
Tue Aug 10, 2010
Debbie Smith answered:
I am a realtor with RE/MAX Bellville. Texas is a nondisclosure state therefore, you will need a realtor or an appraisor to get that info for you.
0 votes 1 answer Share Flag
Tue Sep 8, 2009
Bruce Lynn answered:
You might want to check the local MLS for your area to see if they publish stats.
You can also try the real estate center at Texas A&M for some stats.
They should be pretty broad in nature....but maybe that's what you need.
Some title companies may also publish some stats and you could check with them.
... more
0 votes 6 answers Share Flag
Search Advice
Search
Market Conditions in Popular Cities in Austin County

Followers

117