Selling Your House in a Flood Zone in Scranton PA?

There are a number of advantages to sell to a real estate investor. These are just a few of the benefits of selling to us.

1. You sell quick
2. You sell for cash
3. You sell “AS IS”
4. No extra expenses
5. No endless showings
6. No waiting months for a buyer

There are several ways to sell your house in Scranton when you’re located in a flood area.

Figuring out how to sell a house in a flood zone starts with completing the state-required home property disclosure.

Part of that written property disclosure requires you to acknowledge that you live in a Special Flood Hazard Area (SFHA).

This disclosure asks for specific details about any prior flooding or water damage to the property.

If your house has had mitigation done to prevent flooding, that also needs to be disclosed.

The next step is to decide how to sell your house. Let’s compare your options.

The Hard Way

Listing: You’ll need to shop for a real estate agent to list your house.

Not all agents are interested in listing a home in a flood zone. You’ll then sign the listing paperwork.

Marketing: Your agent will then market your house to the public.

Marketing outreach can take weeks, sometimes months, to be successful.

Offers: You and your agent will vet and counter offers, and then accept one of them.

Home inspections happen during this period.

You’ll work with your agent to negotiate buyer demands to repair items listed on the inspection report.

Escrow and Title: Your agent will open escrow and order title work.

During this time, your buyer will need to obtain a mortgage and flood insurance, or agree to pay cash for your house.

The buyer’s lender will arrange for at least one appraiser to visit the property.

If your house doesn’t match the appraisal price with the sales price, you’ll need to renegotiate the sale.

Your buyer might even back out of the sale at this time once they discover the additional flood insurance requirement.

Closing: Buyers and sellers sign the documents to close the sale.

The Easy Way

Listing: You call us to make an obligation-free offer for your house.

Offer: We meet with you, or your designated representative, at the property.

No real estate agents are required. We make a written offer.

If you agree, you sign the sales contract. We won’t hire inspectors to examine your house.

We won’t make any demands on you to repair anything. We buy houses AS IS!

Escrow and Title: We open escrow. We don’t need time to qualify for a mortgage: we pay cash!

We understand the details of floodplains and flood zones, flood insurance requirements and water abatement.

We won’t waste your time bringing in home inspectors or a specialist to determine the flood risk.

We don’t have a lender who may not approve a mortgage when they discover the flood risk.

Closing: You sign the final closing paperwork. That’s it. We even pay your closing costs!

You receive your cash when the sale closes. Quick and easy!

Most homeowners underestimate how hard it is to sell a house in a flood zone in Scranton.

You may have moved into your house before it was officially designated as a flood risk.

You may also have purchased knowing about the zoning, but your flood risk has increased since that time.

Potential buyers may shy away from making offers on properties located in designated flood zones.

They don’t want to take a risk that their home might be flooded.

Homebuyers also may not want to pay for a special insurance policy required by lenders for homes located in flood zones.

Selling a house located in a flood zone limits your pool of potential buyers.

Our company knows the flooding risks for homes in Scranton, and we have experience purchasing properties in designated flood zones.

Call us for a no-obligation cash offer.