For those of us that sell in Florida...it is hard to get away from the coast. We therefor see a lot of properties in flood zones.
Its OK to buy in a flood zone.
You can pay for the flood insurance and you are protected.
No big deal?
The big downside is that flood zones can also be mandatory evacuation zones. This means that as a hurricane approaches and land fall is highly predicted..you may be in its path and be forced to evacuate.
Yet if you bought in as little as 1/2 a mile away, you could have sheltered at home, not on the interstate. Flood zones are certainly about their relationship to the coast, but they are also about elevation.
It seems that this conversation with buyers has resulted in my failure to sell very many flood zone properties unless they are waterfront.
Waterfront properties give so many benefits, buyers seem to be willing to accept the risks. If you buy waterfront, you are likely planning to evacuate for every storm coming your way.
I think most buyers who buy non waterfront properties in flood zones are not aware of the implications of their location and the potential for mandatory evacuation.
If you would like to buy in our area please consider using me and my team.
Coldwell Banker F I Grey and Son Res