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Old 04-19-2018, 06:22 PM
 
Location: PVB
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I am asking this because we stopped by an estate sale in a really swanky neighborhood. The bottom 2 feet of drywall had been removed on one side of the house and the carpeting was gone. After it has been repaired, you would not know it ever flooded. Will the next owners know this before they buy it?
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Old 04-19-2018, 06:27 PM
 
Location: Rochester, WA
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On edit: Welcome to Thundarr's Real Estate Muse of the Day!

To answer: In our area? Yes. If it's in a flood ZONE I should hope they'd find that out. Their agents should tell them. The disclosure form in our area should tell them. Their own use of the internet to look up the FEMA flood maps and do their due diligence should tell them. And if they are getting a mortgage, the requirement to buy flood insurance should tell them.

They should have many clues.... even if being next to a river didn't make them curious enough to ask!
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Old 04-19-2018, 06:34 PM
 
Location: Raleigh NC
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maybe, maybe not. It depends on the consumer much moreso than any agent that might become involved.

what would you do as a Seller? How odd that one side of a house showed water damage, but not the other. Build on a slant into a hill? What evidence do you have that it was a flood?
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Old 04-19-2018, 07:00 PM
 
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In my state it is required on the disclosure statement.

However, when it is an Estate Sale - there are no disclosures.
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Old 04-19-2018, 07:03 PM
 
Location: Rochester, WA
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Quote:
Originally Posted by ocngypz View Post
In my state it is required on the disclosure statement.

However, when it is an Estate Sale - there are no disclosures.
Good point! In our area... Estates are exempt from many otherwise required disclosures...

Still... there are many other clues that a house is in a flood zone... if it is.
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Old 04-19-2018, 07:05 PM
 
Location: PVB
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Quote:
Originally Posted by BoBromhal View Post
maybe, maybe not. It depends on the consumer much moreso than any agent that might become involved.

what would you do as a Seller? How odd that one side of a house showed water damage, but not the other. Build on a slant into a hill? What evidence do you have that it was a flood?
The bottom 2 feet of drywall was removed as were all the carpets on that side of the house. The possibly flooded side was closer to a wetland area.It is in Flood Zone AE. Doesn't the elevation also have a bearing on it?
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Old 04-19-2018, 07:15 PM
 
Location: Rochester, WA
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Zone AE is the 100 year flood plain.
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Old 04-19-2018, 07:36 PM
 
Location: Raleigh NC
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where I'm from, the levels of a home are pretty much level. Maybe 1" off, but not 2 ft off.



But every professional - agent, lender, closing attorney - knows that disclosing presence within a 100 year flood pain is MANDATORY among each of them.
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Old 04-19-2018, 07:46 PM
 
Location: Kansas City North
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Did I miss something? Are we sure this “flooding” was from exterior water? My grandson left the faucet going on a bathroom sink, it overflowed all over a basement rec room. Drywall and carpet had to be replaced.
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Old 04-19-2018, 07:48 PM
 
1,511 posts, read 563,734 times
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Quote:
Originally Posted by BoBromhal View Post
where I'm from, the levels of a home are pretty much level. Maybe 1" off, but not 2 ft off.



But every professional - agent, lender, closing attorney - knows that disclosing presence within a 100 year flood pain is MANDATORY among each of them.
Very possible it was broken pipe flooding in this case. Generally, if Drywall gets wet, you remove it to 2' above the water line to avoid damp/mold/mildew. Could have just been saturated carpet that soaked the baseboards and into the bottom of the drywall. Better safe than sorry at that point in high-humidity climates to re-drywall.

Also, could be complete fiction.
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