HPA Property Guide_102220

policies

If the house is located in a high risk flood zone, request a copy of the Seller’s Elevation Certificate. If the house is located in a low to moderate risk flood zone, it has an acceptable flood risk profile for us to consider. Identify the Elevation Variance between the first floor of the house and the Base Flood Elevation. flood risk policy We aim to buy homes that possess a low flood risk. Homes falling within a 100-year flood zone will not be considered. Properties in Florida are exempt. Flood risk guidelines are clarified as follows: To determine this, subtract the measurement of the Base Flood Elevation from the Top of Bottom Floor. If the Elevation Variance is less than -1.50, then we will not consider the home. Homes located in counties or municipalities requiring a rental inspection may have delayed move-in dates of at least 30 days after closing. rental ordinances We require that agents check with local county and municipality to confirm rental license requirements.

The exception to the 100-year flood zone requirement only applies in Florida.

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