If you are selling your home that has been in a flood, do you have to disclose the amount of money you received from the insurance company?

In my experience, the water and electricity were disconnected from a property that I showed to a potential client. The listing agent did not disclose this information. I learned that the city will not allow running water or electricity unless the house is lifted 8ft above the ground due to Harvey putting the house 10 ft under water. If their property is without water and electricity, I dont see why it wouldnt be mentioned. I learn something new every day in real estate, and this is no exception. That's a legal case waiting to happen.Regarding your question about disclosing flood damage, in Texas, sellers are legally required to disclose known issues with the property to potential buyers. This includes significant events like flooding. If a property was significantly damaged by a flood, such as during Hurricane Harvey.However it does not require sellers to disclose the amount of money received from an insurance claim. That being said, transparency is generally the best policy when selling a home

Ricardo! What a fantastic question! You absolutely do not have to disclose the amount that was received from the insurance company. However, section 12 of the TAR Promulgated version of the Texas Sellers Disclosure notice does pose the question whether or not proceeds received from an insurance claim were not used for the repairs of your home. Itd be best to properly disclose something of that nature. Feel free to reach out anytime! Codysellsproperty@gmail.com 346-412-6603

You have to disclose the home flooded and if the home is in a floodplain. In the Sellers Disclosure form you will ad the details of the event and actions that were taken. You don't have to disclose the amount of funds you received from insurance. I attached a link to the Sellers Disclosure