I close on some vacant land in 2 weeks that is in the 100 year flood plain. How screwed am I?

It's the blue part of the purple outline here: https://i.imgur.com/7k9SwDE.png

It's near the back part, but my wife and I are worried about this. Should we be concerned?

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u/Exact-Diver-6076 Jan 26 '22

I remember living in Austin in the 80's.

They were having 100 year floods every 3-4 years.