Real Estate Corner
More States Are Requiring Flood Disclosure
By: Joel Scata, Natural Resources Defense Council, August 31, 2023
New home buyers and renters should have a right to know a property’s flood history and risk before they commit to calling it home. However, most states keep prospective home buyers and renters in the dark about a home’s flood risk due to inadequate or nonexistent flood-related real estate disclosure laws.
Fortunately, that is starting to change.
NRDC has updated its scorecard of state flood disclosure laws. Since the last update in 2020, five states have improved their disclosure laws. New Jersey, New York, North Carolina, South Carolina, and Hawaii have all enacted — or started the ball rolling on — disclosure reforms that would give home buyers a right to know a home’s flood risk. New York and New Jersey have new laws that give similar rights to renters.
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