![]() If you receive additional questions, please refer them to ®’s Customer Care team at 87. Pivot in Place a great 3-minute video discussing the new Flood Factor feature, by NAR’s 2020 VP of Association Affairs Mabel Guzman.Don’t Fear Flood Data Here’s How it Helps Clients.REALTOR® Magazine has published several articles:.We worked with the National Association of Realtors® to create this detailed FAQ.Must-read content for more context and information: Help reduce flood-related surprises at the closing table by helping their buyer and seller clients perform due diligence and increase confidence in real estate markets particularly where FEMA does not currently mapĪgents and brokers can use the feature to provide additional context, guidance and insights to their buyer and seller clients with regard to flood conditions and potential flood risk for properties and communities across the country.Help reduce the number of clients who buy high-risk properties by surprise or list properties before mitigating the risk.Used by community regulators, banks and lendersįlood Factor™ data augments FEMA’s maps, so real estate professionals can use both tools on ® to:.Limited geographic coverage and not updated frequently.Based on site specific, engineering studies but limited to two risks (riverine and storm surge).Does not provide information specific to individual properties.Maps the 100-year flood zone and indicates whether a property is “in or out” of this zone.Provides detailed, community-wide flood risk information.Assesses historic flood patterns and projects future risk.Nationwide coverage and updated quarterly.If not, then I would have no problem buying a property even if the factor is 10/10 from that unofficial source deleted 2 yr. Type in the address or general location of the property and see if it falls within any flood zone other than X. Includes more flood sources such as heavy rainfall Go straight to the source here: FEMA Flood Map Service Center.Maps multiple flood zones and risk levels.Incorporates current and future environmental changes.Provides accurate, property-level flood risk information.Here are some distinguishing features for both: Flood insurance options, when available, are provided to ® users. ![]() In addition, a graph shows the cumulative risk of flooding for a property over the typical 30-year period of ownership, along with the FEMA-categorized flood zone for the property, and whether flood insurance is required. The First Street Foundation Flood Model includes data for more than 142 million homes and properties across the U.S.įlood Factor TM includes a flood risk score ranging from 1 (minimal risk) to 10 (extreme risk) and an indication of whether that risk is increasing, decreasing, or constant over the next 30 years. At an individual property level, ® will offer insights into Federal Emergency Management Agency (FEMA)-categorized flood zones and a new Flood Factor™ feature, which is the result of a ® data integration with the First Street Foundation, a nonprofit research and technology group. ![]()
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