Rates for a 30-year fixed mortgage have hovered around 4% in the past week after hitting a 12-month high near 5% in November. While those tenths of a percentage point will matter to your clients
Flooded Home Protection
Thinking of buying a flooded home? Three-quarters of the 204,000 homes and apartments in Harris County damaged by Hurricane Harvey were outside the 100-year flood plain, so many homeowners were unaware of the risks.
- Was the home flooded more than once?
- Was the home only flooded in Harvey?
- Was the reservoir release responsible for flooding?
At one time the Houston MLS (HAR.com) enabled a category for flooding. The data was voluntary and was removed later after complaints. So what do you do?
Get the disclosure statement. I recommend the 4-page disclosure. It is a crime for a seller to omit or line on a disclosure. So ask your realtor for a disclosure!
Flood insurance is reasonable if you are not in the 100-year flood zone or floodway. Consider flood insurance. There is now private flood insurance that is many times less than the FEMA program.
The bottom line, do your diligence.
BRILLIANT Real Estate Team, Technology Driven but Customer Focused. Let's Talk!....