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[LEFT]Good afternoon,[/LEFT]
We put a contract on a house, and are still at the stage when we can walk away from it. It is not our dream house, but we like it enough to make an offer. We found out that there is a discrepancy of 150 square feet. How can we address it with the seller that will result in some financial compensation? Thank you for any input.
Yes, I read that other thread, but then it was discovered after the fact, so not much can be done. We are at the point where we can address it, and the seller knows that we can walk away, might be more willing to consider some kind of compromise. Thank you
Yes, I read that other thread, but then it was discovered after the fact, so not much can be done. We are at the point where we can address it, and the seller knows that we can walk away, might be more willing to consider some kind of compromise. Thank you
Find out which room shrank since you walked and viewed and submitted your offer on the property and ask the Seller to return it to the size it was when you first looked.
There can be differences in how heated & cooled square footage gets measured. We've had two appraisals on the home (original purchase and re-fi) and there was about a 100 sf difference based on whether the heated and cooled laundry room was counted part of the house or the garage. And neither of those numbers comes close to matching the heated & cooled number on the tax rolls, which is screwed up because whoever originally measured things had no concept of geometry if it didn't involved right angles.
If I describe the square footage of the house, I just shrug and use the first appraisal because it was the most thorough and accurate one.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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For the OP. First of all there are several "standards" (Which in and of itself makes the concept of a standard a bit confusing) by which square footage in homes are measured. Appraisers take the square footage by measuring the outside of the building. The local building authority may use a different method and report it differently to the assessor, from whom most of us get our information about the size of a home. Sometimes fat fingers transpose the numbers, which is why almost all MLS sheets include some sort of disclaimer about the information submitted.
I sort of agree with Alpha, what you saw when you made the offer is what is there to be sold. Offers don't (At least I've never seen it) have a phrase that says, buyer offers $100/sf for the property.
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