According to FEMA there are three main categories of flood risk:

  1. Moderate to Low Risk Areas
  2. High Risk
  3. High Risk (Coastal)


Mortgage lenders require flood insurance for properties located in “high risk” flood zones. However, nearly 30% of all NFIP flood insurance claims occur outside of areas labeled “high risk” which is why it is advisable to have flood insurance in all flood zones just to be on the safe side.

The added cost of flood insurance adds to the expense of owning a home in a flood zone. That added cost plus the possibility of water damage to the home will decrease the value of your property for most potential buyers.

FEMA continually evaluates and changes the areas in the flood plain registry. You need to continually check the registry because if your house wasn’t in a flood plain last year it does not mean it won’t be in one this year. Your home value can suddenly change if your house is included or excluded from a FEMA flood zone map or changes your area’s risk category within the flood zone.  Most states require disclosures for houses near a flood plain. Flood Insurance policies can range from $1,000 per year for low risk to $5,000 a year for high risk areas.


If your house is in a flood plain you have to meet special disclosure requirements. Some states have “buyer beware” real estate transactions laws where the burden of discovering problems fall to the buyer. In these states the buyer has to determine if the house is in a flood zone and if there has been previous water damage. The buyer’s home inspector can help with this process. Connecticut requires that the seller fully disclose this information on the Residential Property Condition Report.

As a rule of thumb, any fact or information about a property that could affect the price paid and the desirability by a buyer should be disclosed.  Simply stated, tell the buyer what you would want to know if you were the buyer.

You will have difficult situation if your home is a water-damaged home in a flood zone because of the possibility of mold, structural, and electrical damages. But you are not without options. If you have the time and the cash reserves to sell your house yourself then you should contact your state’s government real estate division so they can provide you with all the applicable disclosures forms you will need to sell your home yourself.  If those forms don’t cover everything about your property, then make sure to add it in to the remaining disclosures.

If you have the time to sell your house with a Realtor, it will be the Realtor’s responsibility to provide you with the correct disclosure forms. In this case you should tell your Realtor everything you know about your home so everything is properly disclosed, and you cannot be held liable.

If you do not have the time or the desire to deal with the water damage repairs or the disclosures, then you can sell your home to a reputable cash buyer.  You can just walk away from the house with cash in hand. Private real estate investors, like CT Cash Homes, can buy your house As -Is, freeing you from any worries that your water damaged house will come back to haunt you.

We here at CT Cash Homes are different than any other buyers. After you contact us and give us the property information, we will make you a fair, all-cash offer within 48-hours, and that is not even the best part. We never tell you when to close. YOU get to choose. If you are looking to close quickly, we can wrap up the deal and get you the cash in as little as 7 days. To get started, you just need to give us a bit of information about your house and the situation that you are in. To contact us, simply fill out the form on this page, or give us a call at (860) 249-0950 for a faster response. It is our goal to make your life easier by getting you out from under the property that is causing you problems and stressing you out. We can do this by paying a fair and honest price for your house quickly

About CT Cash Homes

Have you been researching how to sell my house fast in your local area? You have come to right place! CT Cash Homes is local and we buy homes for cash! We are a Real Estate Solutions company based in South Windsor CT. We are a third generation family owned business. Our focus is helping homeowners who are having problems with foreclosure, divorce, probate or who just need to sell their home quickly for any reason. CT Cash Homes works with you to provide a solution to your a home in Connecticutbuy house connecticut, buying a home in ct buying a homes in connecticut buying house in connecticut cash for houses ct cash home buyers in connecticut connecticut cash home buyers ct we buy houses fast cash for homes llc houses to buy near me I want to buy your house quick cash for ct houses quick cash for homes ct quick cash for house quick move in homes connecticut real estate agent ct sell house ct sell house fast ct sell my home quick sell my house ct sell my house fast