Disclosure Movie to Blow Up Home Equity: New Federal Rules Mean Buyers Must Disclose Flood Risks Before You Sign
Starting this week, a new federal rule—inspired by the same consumer protection push that made the 2020 documentary Disclosure a must-watch for real estate insiders—requires sellers and agents to cough up decades of flood damage records before you buy a home. For the average buyer, this means your dream house might come with a hidden $10,000 annual flood insurance bill you never saw coming. For sellers, it forces them to slash prices on waterfront properties or risk lawsuits. Your wallet: expect lower sticker prices on risky homes, but prepare for a nightmare of red tape if you're selling—and a serious gut check before you sign that contract. This is the disclosure movie playing out in your local market, and it’s about to hit your bank account hard.