Malabar · Selling
Selling after hurricane or flood damage in Malabar
What you must tell buyers about flooding, your insurance claim, and repair-or-sell-as-is in plain words.
Free · Agents who know Malabar · Every step in one app
Malabar is a small town between Palm Bay and the Indian River, known for larger lots.
If a hurricane or a flood has hit your home, you may be living with a tarp on the roof, fans in the hallway, or a claim that seems to move very slowly. Many people in your spot feel tired and unsure. They wonder if anyone will want the home now, and if they will lose money no matter what they do.
Read the full guide: selling after hurricane or flood damage, step by step →
What this means in Malabar
- The typical owner-occupied home in Malabar is worth about $451,100, 33% above the Brevard County typical value. At about 6–8% total selling costs, that is roughly $27,100–$36,100 on a typical sale here; your own number depends on your price and mortgage.
- Malabar is a town, so its own office handles this: building permits for repairs, roofs, additions and new homes go through Town of Malabar Building Department. Open or missing permits can delay a closing, so checking them early saves time.
- To look up a home's flood zone in Malabar, use Town of Malabar FEMA Flood Maps link. A home's flood zone decides whether a lender requires flood insurance.
- Malabar's site points septic owners to Brevard County's Save Our Indian River Lagoon grants: homes inside the plan area can get at least $6,000 to upgrade a septic system, but you must be approved before any work starts.
What’s different for you
- Answer the three flood questions. Florida asks sellers about flood damage, flood insurance claims and flood help such as FEMA aid, before the contract is signed.
- Share other known problems. Florida sellers must disclose known hidden problems that affect value.
- Agree on repairs or a credit. Put in writing who repairs what, and what happens to open insurance claims.
When you start in CloseHive from this page, your plan already includes these steps, along with the usual ones for selling in Malabar. You always see what to do next, and your agent handles the how.
Malabar in numbers
- The typical home here is valued at about $451,100, which is 33% higher than Brevard County as a whole ($339,600).
- The typical home here was built around 1993, about 33 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- 99% of homes are lived in by their owners, more than the county's 77%. Homes here change hands less often, so good ones can go quickly.
- So few homes in Malabar are rented that the Census can't report a typical rent here. Nearly every home is lived in by its owner, so listings come up less often than in bigger cities.
At a typical Malabar price of about $450,000, Florida's deed tax is $3,150 and the owner's title policy is about $2,325. Typical value here is 3.5 times the typical household income, compared with 4.3 for the county.
Questions people ask
Do I have to tell buyers about past flooding?
Florida’s flood disclosure law asks sellers about flood damage, flood claims and flood help they received; your agent adds your answers to your disclosures.