Is Your Property In A Flood Zone? How to Do A Free Flood Search…
Articles,  Blog

Is Your Property In A Flood Zone? How to Do A Free Flood Search…


Hey what’s going on this is Seth and in
this video, I wanted to talk to you about an issue that I think a lot of real
estate investors tend to overlook and that issue has to do with understanding
whether your property is located in or anywhere near a flood zone. Flooding
is something that most people don’t really think much about because it
happens so infrequently, but even though it doesn’t happen often, it’s still extremely important to at
least be aware of the situation. The reason that’s important is because if
it is located in a flood zone, it means that most lenders out there are
going to require the owner to have flood insurance on that property and depending on what type of flood zone you may be in, the cost of insurance
could be a lot, which could be a significant burden on whoever owns it which could make it really hard for you
to ever sell that property. Even if YOU don’t get flood insurance, it’s something
you gotta know about because of your future buyer may decide to walk away
simply because the cost of flood insurance is so high. With that being said, I wanted to show you a little trick that I recently learned about which has been
really really helpful to me and it’s it’s a really cool way to find out
whether your property is in a flood zone, for FREE, in a matter of minutes
it’s really quick and easy. What I’m showing you right here – this is
a neighborhood where I used to live this is where I lived like right out of
college the interesting thing about this
neighborhood was there wa s a river that ran through it – and you can kind of see
the outline of it right here. It went back to these woods and then
over through this neighborhood and I just remember when my wife and I would be taking walks through here like in the springtime when
all the snow would melt… and this river would just like – the level would go
SO HIGH and I just remember thinking …I wonder if that thing has ever
just had a crazy flood and just spilled water all over the place? Of course, I never
actually witnessed that when I lived there but, it just got me thinking – I wonder
if there’s a flood zone around this and where that goes and if any of these
houses are affected? There’s actually a couple of really quick and easy ways
to verify this… and the first one I’m going to show you is through the FEMA
website. This is a government website where you can literally get
access to any and every flood map, everywhere in the United States, and all you have to do is type in the address of whatever property you’re trying to
research and it will pull up the most relevant flood map and I’ll just show
you really quick with an example from this particular neighborhood. You can
see the same outline right there should look somewhat familiar to this
and what you can do here once you type in that address is click on this to view
the flood map and you’re going to see something like this just kind of a tiny
little thing you have to zoom in and sort of eyeball it and figure out where the
property is… but what this is showing you is this is the flood zone from that
river. You can see these lines here and – the actual river
itself is a pretty narrow line, but these wider lines is what encompasses the
actual flood zone. Let’s just keep zooming in here… okay so
now we’re pretty close. This is Jefferson and you can kind of
follow right here and this part that I’m tracing right here is the same thing
that you see right here. You can see the curve of the
river that goes over here. You can see that same curve and as you
can see our propery is right about there and that is well within the flood zone. If you’re looking to buy that property and get financing, chances are – you won’t even have a choice. That bank is going to force you
to have flood insurance on that property because that property is their
collateral That’s just something that’s very
important to be aware of. There’s actually another site which I
found to be a little bit easier to work with It’s called freeflood.com and it looks like a fairly low-budget website but it’s very very useful and I
thought it was a lot more user-friendly all you have to do to create an account
is just give me your email address and password that’s it. Once
you’re logged in, you just have to type in the address and search here and then it
will bring up these results and what it’s telling me here is that it’s in an
AE flood zone and then it explains it here. There’s also a flood map I thought it was a little bit clearer than
the ones shown here just because it’s color-coded and everything and
it shows you a dot where the property is it’s kinda hard to mistake where it is
relative to a flood zone so, that right there is very valuable information and I think for the vast majority of people, chances are, this is not going to
be a problem it’s not gonna be an issue BUT if you live even remotely close to a
body of water even if that’s a very small body of water, any of that stuff is
fair game for potentially being in a flood zone and you’ll definitely want to
check it out if that’s what your property is located next to. Last but
not least, if you should find out that your property actually is located in a
flood zone, the next step would be to go to this website that you see right here
called floodsmart.gov. All you have to do is type in the address of your
property into this little address box. I’m gonna put this one in here,
just as an example once you’ve got that in check whether it’s residential and
then go and it’s going to show you very quickly how much (approximately) the
annual premium for that flood insurance is going to cost if you choose to get it
(or if you have to get it). And as you can see here, it’s not cheap, but it’s not
crazy for this particular property. It can be a lot more or a lot less depending on where your property is located. Also keep in mind – this is not necessarily in EXACT estimate. If you want to get the exact estimate, the next thing you’d want to do is call one of these agents in the area and just tell me where your
property is and they can give you a much more educated idea as for exactly how
much it’s going to cost if you do choose to pull the trigger and buy that flood
insurance. Either way, it’s just a good cost to be aware of regardless of the situation. So that’s
pretty much it hopefully you found that little tutorial
helpful. I thought those tools were all really cool, just because they’re free
and they’re very quick and easy to use so if you have any question whatsoever
about whether or not your property is located in or near flood zone, DON’T WONDER. Spend a few minutes, check out these resources, search for yourself and you’ll find out for sure and you can decide whether or not you need to put
together an action plan for that. So that’s all, hopefully you found this
video helpful, thanks again for checking it out and I hope to see you again soon!

14 Comments

  • Kelly McCaughey

    As you show in your video, the FEMA map, depending on where you're looking exactly, can be vague. It doesn't show where all of the homes/structures are (which is what dictates flood insurance requirements). That Freeflood site looks a little better, but still not exact enough. I've seen the best clarity from MyFloodStatus.They use more reliable technology as well, which is really what you need if a property is borderline/in question. They aren't free, but their report fee comes with assistance from their Floodplain team should your next step be to dispute or amend your flood standing with the banks and insurance companies. Just wanted to add that in case anyone needs a deeper level of assistance.

  • J. Keith Maxwell

    Seth, I'm a surveyor and engineer and wanted to let you know that you did a pretty good job explaining this AND showing how to find your flood zone. I'd like to offer this article I wrote on LinkedIn to take it a step further for your viewers. https://www.linkedin.com/pulse/flooding-happens-even-theres-flood-zone-designated-maxwell-pe-pls

  • Guy Baldridge

    I'm suppose to evacuate but all the places are full up I'm handicapped I walk with a walker and a wheelchair even the veterans hospital turned me away I'm mad as hell😡♿️🇺🇸🙏🏽

  • originaLkomatoast

    I've been paying flood insurance since I bought my house in mid 1999 because the mortgage company said I was in a flood zone and it was required that I have it. According to the FEMA map, I AM NOT in a flood zone!
    That's $13,300+ I've paid over the years that I did not need.
    Is there any way to stop this required flood insurance and get a refund on what I have paid in over the years?

  • tom costantini

    Misuse of the term "flood zone"….the way you are using the term "flood zone" ….You mean to say Special Flood Hazard Area (SFHA). SFHA's are the highest risk flood zone or Actuarial Flood Risk Premium Zone.  The Flood Disaster Protection Act of 1973 requires that if you have a mortgage on a property that is located in an SFHA then you are required to have flood insurance on at least the loan amount.

Leave a Reply

Your email address will not be published. Required fields are marked *