Urge the North Carolina Real Estate Commission to require full flood disclosure information be provided to homebuyers by the seller!
Right now, North Carolina has one of the weakest flood disclosure policies in the country. A house that has flooded before is most likely to get hit again. Unsuspecting homebuyers could incur tens of thousands of dollars in unanticipated flood damages if this policy isn’t changed.
On behalf of NRDC and other state partners, the Southern Environmental Law Center submitted a petition for rulemaking to the North Carolina Real Estate Commission (REC) to require that sellers disclose past flood damages to potential buyers.
The state does not currently require sellers to inform homebuyers about a property’s flood history, which denies homebuyers the right to make an informed decision about buying a home. Other coastal states that face similar exposure to floods and hurricanes, like Louisiana and Texas, already ensure that homebuyers are given complete information about a home’s flood history before purchase.
With climate change accelerating the extreme weather events that can result in flooding, we have no time to waste. It is vital for communities across the state that the North Carolina REC act quickly to change their flood disclosure policies.