Buying A Home
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Buying a home in a flood plain?
Hi! This is my first time posting on this board, my husband and I started looking for houses about 2 weeks ago and I've been lurking here for a while.
Our realtor suggested we look at an adorable home that is on the low end of our budget and in great shape.
The clincher, it's in a 100-year flood plain. It has only had water in the basement once and that was 2 years ago during the "Flood of Floods" that destroyed a ton of homes and flooded homes that were not even in flood plains.
What would you do? I know we'd have to get flood insurance for the house, but would something like this be a deal breaker?
Thank you for your help!
Due May 10, 2012