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Market Conditions in Austin County : Real Estate Advice

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  • Home Buying6
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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. 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!
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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.
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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.
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