flood plain

Asked by A-Day, Austin, TX Sat Jun 20, 2009

I am looking at purchasing a house in Cedar Park. A strip in the back of the property (just the yard) is on a100-year-flood plain. Three Q's:
1. Will this make it more difficult to re-sell the house?
2. How much should this affect the selling price of the home (it's about a 140K home)?
3. Would I have to get flood insurance since the house itself is not on a flood plain?

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