The 100 year old house is charming, with many original architectural details. The price is really attractive. So why hasn't it sold? Four years ago, FEMA redrew the flood plain map to include this home. The longtime owner was vaguely aware of the change, but he didn't really pay attention. Then his wife died and he put the house on the market. It sold right away and all was well until the buyer's mortgage company balked at the flood plain designation. The owner got a surveyor and is appealing FEMA's conclusion. My buyer is tempted--very tempted. I'm wary--very wary. What say you?
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Philadelphia real estate agent who helps buyers and sellers enjoy the benefits of better building performance. Energy efficient buildings sell for more money. They are more comfortable and healthy to live in. They save you money on your energy bills every month.