NEW FLOOD MAPS CORVALLIS, OR......... Do you have an elevation certificate?

By
Real Estate Agent with CB Valley Broker

The new FEMA flood maps are out and things have surely changed in Corvallis, OR.

Homes that never had the touch of water are now in the flood plain and with that flood insurance is a big factor in selling a home.

The most important document to obtain is an elevation certificate. Established by a surveyor, it gives an insurance carrier the data needed to assess risk and with that establish the right amount of premium for the property.

Are you planning to sell your home in Corvallis, OR or in North Albany, OR? Then determining if your home is indeed in the flood plain is the first step.

Visit www.floodsmart.gov , type in your address and your risk level will be shown. Provided that you are in a flood zone the next step is to find out if you already have an elevation or flood certificate. If not, call a local surveyor and get it done.

It is entirely possible that you never had flood insurance before, especially if you do not have a mortgage. If you had a mortgage in the distant past it could be that at that time your home was not required to carry it.

Flood problems are on the rise nationwide and tackling this before you put your house on the market will take one more hurdle down to successfully sell your home.

 

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  1. Joni Staples 11/22/2011 11:01 AM
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Topic:
Real Estate General Information
Location:
Oregon Benton County Corvallis
Groups:
Dedicated Bloggers
Moving to Oregon
Realtors®
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Comments 14 New Comment

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Rainer
155,679
Annette Sievert
Corvallis, Oregon
CB Valley Broker

Sussie, what a poor guy!

Jill, that is a good tip, thanks

Very good, Praful, thanks!

November 16, 2011 12:54 AM
Rainer
177,469
Rosalie Evans
The Evans Group, Sioux Falls, SD Homes For Sale
Meritus Group Real Estate

I am having flashbacks to my last transaction. A condo on the third floor that needed a elevation certificate to close. Wow those puppies are expensive! We finally got to the closing table and my buyer was more then awesome but wow what a nailbiter! 

November 16, 2011 01:02 AM
Rainmaker
1,750,014
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

It may be a good idea to have home insurance contingency when submitting an agreement of sale. Thanks for sharing.

November 16, 2011 06:13 AM
Ambassador
1,200,689
Erica Ramus
MRE, Schuylkill County PA Real Estate
Erica Ramus - Ramus Realty Group - Pottsville, PA

I am running into this right now in my part of PA. I have a buyer who LOVES LOVES LOVES  a house but with the new flood maps we might have to reconsider. 

November 16, 2011 03:12 PM
Rainer
155,679
Annette Sievert
Corvallis, Oregon
CB Valley Broker

Wow, Rosalie, on the 3rd floor???

Gita, that is a really good idea!

Erica, at least get in writing that you warned them...

November 16, 2011 03:18 PM
Anonymous
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Rainer
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Annette Sievert

Corvallis, Oregon
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