<prompt> Human: Need your help reddit. My wife and I are looking for a house in the aftermath of Harvey. Weve come across a house that got a foot of water in it. Its a beautiful house that could go for over 200k fully repaired. My question is if the value of the house is ever going to go back up in value now that its been flooded? Its listed for 165k and all the sheet rock and insulation are removed and the floors stripped. Its ready to put whatever you want in it. I can do most all of the work myself so i can save money there. My gut tells me its a really good deal with work. But my fear is that now that its been flooded, it will be hard to sell one day.Does the market understand when it comes to these floods? This was an 800 year flood... almost 50 of the houses in the greater houston area flooded.  <response>: You need to get a much bigger discount for a house that just totally flooded. You really have no idea what the total amount of repairs will be. Drive a hard bargain. If these people dont want to sell for a low price, than move on. Imagine that theres a flood in another 5 years and calculate the amount of repairs that would be necessary. This needs to be a factor in your decision. 