Home in Flood Zone

[Wilson Feliciano]

So I came across a property that seems to be price  within my budget but it's in a flood zone. What are some of the things I should be looking/asking about when  acquiring such property ? 

[Ray Hage]

Quote from @Wilson Feliciano:

So I came across a property that seems to be price  within my budget but it's in a flood zone. What are some of the things I should be looking/asking about when  acquiring such property ? 

 If it makes you feel better, I bought my house which is in a flood zone in Florida (most of my county is in a flood zone so whatever haha). Not saying I recommend it, but know the risks before going in. The most important thing to check is where it is in relation to other houses (meaning is it the lowest house on the block), is it on a slope, etc. 

Also if you have time, go to the house during/after a very heavy rainstorm and check out the flooding....You can easily get a quote for the flood insurance cost. The downside, your insurance might be 600 this year and 1200 next year so just make sure you are getting a good house for the money because the costs could go up significantly.