I was just chatting with a potential seller explaining the importance of Price per Square Foot. In his case, his tax record showed approximately 200 square feet less than what he understood his home was when he bought it. That's too big of a variable to leave in the dark.
He said wanted to list his home close to $100 per square foot. Now suddenly we're talking about a $20,000 difference in price. As a buyer, he paid for the extra 200 square feet. It makes sense that he would want to include that in the sale of his home, too. But if that higher figure isn't documented somewhere, like the purchase appraisal or on the builder's blueprints, then we're left to remeasure and take what we get.
For a fee, a professional can measure a home, which is very tricky to do. That's why no two people will come up with the same number. If the new measurement is less than what the homeowner expected, without other documentation he has no choice but to use the lesser amount for listing purposes.
No one wants to pay for something and not get what they expect from the transaction. However, the liability as a seller is not worth not knowing the facts or not being honest about them. The lesson in this for the buyer is to make sure you're getting what you're paying for.
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