“The risk doesn’t go away; it just moves from a pre-purchase decision into a post-purchase liability,” Eby said. “Families discover after a flood that they should have purchased flood insurance, or discover after the sale that wildfire insurance is unaffordable or unavailable in their area.
Appalling.
We can’t have a little thing like disclosing massively increasing risk of hurricanes, flooding or forest fires getting in the way of a real estate commission can we? /s
That shit might be fine for Zillow but that is illegal as fuck and you could sue a realtors and the owners out of business for not disclosing this during a sale. If you knowly sell your home and not tell the ones buying its a flood zone that shit illegal. Also when I was home shopping that shit was in paperwork and I back out of a sale when found it was in a flood zone.
Good thing too because the next year that whole town flooded off the maps.
It depends on the jurisdiction. I moved from one us state to another and was shocked that my new state does not require disclosures!
What fuck backwards Oklahoma requires it so just assume all states did. That’s fuck up and should be the law of the land. Especially with climate change looming over us all.
Yeah I was shocked but it turns out this place (VT) actually has surprisingly few laws. I’m amazed it’s less than OK though!
