Asked by sl1200, Toledo, OH • Wed Mar 6, 2013
I made an offer on a house that was accepted. I then learned that the house is in a "high risk" flood zone. I also learned that I will be required to buy flood insurance. The cheapest rate I have been quoted is $700/year with a $5000 deductable.
If I decide to go through with this and negotiate a lower price for the home, what would be an appropriate percentage discount (off of the selling price of the home) to come back and ask the seller to give me (5%, 7%, 10%, etc.)?
Real Estate in Toledo
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