Don't try to interpret the flood zones yourself. Go to the experts--insurance agents.
However, other nearby streets (less than mile away) are listed as zone A4. Per the website, Zone A is an area of 100-year flood; base flood elevations and flood hazard factors are not determined.
Buying a house is already taking on a huge risk and I'm not sure if my husband and I want to have a free pool in the backyard.
Your lender will require flood insurance if there is a risk. The best source for info here is your local insurance agent. Flood insurance is a federal program, so cost is the same from any agent.
In high risk areas, it will be very difficult to get insurance at all. Check your contract to see if there is a sentence saying that the agreement is voidable if you are unable to get insurance at cost acceptable to you.
2) The truth is according to FEMA, all areas are in some kind of flood zone...some zones good/some zones bad...on their website they have a map that will show where this house is...so long story short...this commentary means nothing.
3) Before you sign anything, if you do not want to live in an area that floods, I would add a line item to your proposal/contract that specifically says" Buyer does not waive this right noted on Page___, As per line #____ stating "buyer waives buyer's right to void this agreement for such reason"
4) Next, add another line item that says, " Buyer will only purchase this property if the flood zone is deemed acceptable to the buyer." This covers your basis and gives you time to research through insurance agents, and get an elevation certificate to see what your insurance will be and if this property ever flooded.
Be very careful...some homes never flooded but Post Katrina all over the country, FEMA maps reflect a different basis for what they consider areas that could potentially flood.
If your agent does not understand how or why you want to add these line items, find another agent..a seasoned one or go to the agent's broker to get it done.
This is a statement from the seller disclosing that the location of the home is prone to "flooding." We would recommend, prior to making any committment that you investigate the history of recent floods affecting the home and general location.
Trust your reservations.....until you have gathered the facts and clearly understand the implications involved.
The Eckler Team