Realtor.com is now including flood risk information with its listings, a first-of-its-kind data integration.
The "Flood Factor" information comes from First Street Foundation, a nonprofit research and technology group. It provides a score between one and 10 that represents a property's cumulative risk of flooding over a 30-year mortgage.
According to a press release, properties also display their FEMA Flood Zone.
“Historically, determining a property’s flood risk was an onerous process — in some cases, potential buyers would have no idea a property was in a flood zone until it was flagged by the mortgage company prior to closing, or in some cases not at all,” said Leslie Jordan, senior vice president of product, realtor.com®. “By surfacing this information upfront, consumers can avoid surprises and have all the information they need to make informed decisions and feel confident about the home buying process.”
The flood model was created in partnership with more than 80 of the world’s leading hydrologists, researchers and data scientists, the release says.
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