What your real estate agent won’t tell you about buying a home near water

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What your real estate agent won’t tell you about buying a home near water
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Flood maps are often woefully out of date, for one.

When I was young, my parents bought an old two-story beach house one block from the Atlantic Ocean. The first floor consisted of nothing more than a large, empty garage with a concrete floor that made a great place for us kids to skate and play on rainy days.

1. A home’s flood zone may not include the most recent major flooding events: Many people are under the false assumption that flood maps are updated each time there’s a major storm or flooding event. But due to a lack of proper staffing and funding, FEMA flood maps are often woefully outdated or in some parts of the country, nonexistent.

3. It’s difficult to determine if a home has flooded in the past: In many states, but not all,the seller is legally required to disclose in writing to potential buyers any major issues they experienced with the home during the time they owned it — including flooding. Here’s where it gets tricky. If flooding occurred sometime in the past, but not while the present owner lived there, it doesn’t have to be disclosed, even if the present owner knows about it.

This is also an easy way to see the existing assigned FEMA flood zone for that home. Like me, you may be struck by the disconnect between the backward-looking FEMA flood zone and what NOAA predicts for the future flood risk of a given home.

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