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Rainmaker
629,951
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

No.

Apr 07, 2018 10:43 PM
Rainmaker
851,229
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Not at this time, which is good news for our area residents.  Our county makes it difficult now for someone to rebuild in the flood plain if their home was severly damaged by flood, fire, or storm damage.

Apr 11, 2015 10:38 PM
Ambassador
2,058,377
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Not really, my waterfront market is already in designated flood zones.

Apr 09, 2015 10:57 AM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

NO...we got hit about 10 years ago and have worked to fix it ever since

Apr 09, 2015 06:41 AM
Rainmaker
1,092,992
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Every day David Barr

Apr 09, 2015 02:10 AM
Rainmaker
38,609
Holleay Parcker - Spinnaker Realty - Serving Clients From Corolla to Hatteras
SPINNAKER REALTY LLC - Kitty Hawk, NC
With 14 Yrs Experience in Outer Banks Real Estate

Hi David;

My market is the Outer Banks of NC. I live at the beach, so oh yes, proposed FEMA flood map changes are a major factor in our area...that said, we are encouraged by preliminary mapping reports, which indicate that thousands of homes may come OUT of the flood zone areas when the new flood maps are released.

The reason for the change is because better technology has allowed for more accurate mapping results.  I have heard that prior to the most current mapping, the margin of error was +/- 5 feet, (!) while the new mapping technology has a margin of error of less than one foot.

So we are hopeful that the preliminary maps will be adopted and released, which will cause tens of thousands of properties to no longer be required to carry flood insurance by lenders (if a mortgage is carried on the property).

I understand that many other parcels, while not removed from the flood zone entirely, will be remapped from a higher (more costly premiums) flood zone into a lower level (less expensive premiums) flood zone.  Unfortunately, there will be some properties here that will go from a more favorable zone into a less desirable one.  But the word on the street is that overall, it's good news for the Outer Banks of NC!

 

Apr 09, 2015 01:23 AM
Rainmaker
1,624,272
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Florida-YES. San Diego County-No.

Apr 09, 2015 01:11 AM
Rainmaker
869,351
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Of course! FEMA has the opportunity to bring havoc upon home owners.

Of greater significance in Florida is the lifting of the moratorium on flood insurance policy increases. Premiums are now allowed to increase 25% annually. In five years the cost of owning a home in a flood zone, will be...a factor in my area.

 

Apr 09, 2015 12:33 AM