I am looking at a house in a flood zone. It is a Zone A, which is the one that requires flood insurance. After reading about the flood zone posts on BP's, I am sure that purchasing in a flood zone is a no-no if you can help it. Is that how you all feel?
Thanks for your opinion.
From what i have found so far look into insurance cost, the quotes i get for flood zone A are about 3K a year even with a 5K deductible and that is a deal killer for me.
You can use the existing premium as a means to negotiate better pricing for the property and then potentially mitigate to lower premiums in various ways. See my post below.
@Anna Ryder Did you end up purchasing the home in the flood zone?