ABCNEWS

New Florida Law Requires Mandatory Flood Disclosure, Helping Homebuyers Understand Their Risks.

Governor Ron DeSantis signed bill (HB 1049) into law, requiring sellers to disclosure significant details about their property’s flood risks during the home buying process. This includes providing buyers with filed insurance claims related to flood damage and disclosing whether federal assistance was given due to flooding, this is a first step in ensuring greater transparency when buying what is often the largest purchase in an individual’s life. 

The new legislation will take effect on October 1, 2024. This comes at a time when storms are becoming more frequent and intense, with at least one third of state properties predicted to face a severe risk of flooding in the next 30 years. 

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Elizabeth Luques®

SERHANT.