U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-05-2008, 01:41 PM
 
Location: Denver, CO
739 posts, read 2,818,104 times
Reputation: 203

Advertisements

Quick question- Yes, I will ask my realtor but she is out of town and this isn't urgent

We are getting ready to list. Public Records has a lower above grade square footage than what actually exists. I have 2 appraisals that verfy this as well as the architectural plans. For listing purposes, is it crucial that I change it in public records or will the other stuff be sufficient? I ask because as you know, if it is changed in public records the taxes will likely change too (it is off about 100 sq feet- which changes our listing price in a good way!)
Rate this post positively Reply With Quote Quick reply to this message

 
Old 03-05-2008, 01:53 PM
 
27,777 posts, read 58,416,787 times
Reputation: 22428
Default You Can Always go with a Measured Value...

My Brother likes to go with Public Records in his listings... although he has listed property where he puts "Measured" after the square footage when there is a significant deviation.

My county made a mistake on a Rental Homes I was selling... Public Records showed 1 bath instead of 2. The Bank Appraiser had a real problem and would only count 1 of the two baths... and it was holding up the sale.

I went to the City and it looked to be a night mare scenario to get a change... and I was told it would take 6 weeks to process.

So I went to the County Assessor's office and the clerk pulled the original 1947 construction documents and it listed 2 bathrooms... just like I had.

I next asked how do I get this corrected... the clerk said he already did

He explained that in the transition from hard copy files to computer records that a data entry error probably occurred...

I called the appraiser, he verified the corrected info and my home closed 2 days later...

Last edited by Ultrarunner; 03-05-2008 at 05:27 PM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-05-2008, 03:24 PM
 
Location: Denver, CO
739 posts, read 2,818,104 times
Reputation: 203
ugh sounds like a pain- Its not a huge deal- but it does change my list price by a few thousand dollars and make it more competitive in my market. I just dont' want it to be an issue with closing or anything like that- I don't want to give misinformation but have several docs that discuss the true square footage.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-05-2008, 03:41 PM
 
Location: Montana
2,203 posts, read 8,832,505 times
Reputation: 1127
In our MLS, we can choose a number of different options for the "Source of Measurement", of course County Assessor is one, but you can also choose "Appraiser", and even "Owner". County Assessor is the easiest source for an agent to use when the owner isn't sure of his sq ftg. The one I personally feel is the most accurate is a measurement by an appraiser. They have very specific guidelines they have to use. A lot of time county records don't show additions, even if they were permitted, etc. And sometimes the county records show sq ft per the original plans, and sometimes those were altered during construction.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-05-2008, 04:17 PM
 
Location: Salem, OR
14,983 posts, read 36,867,331 times
Reputation: 15501
Our MLS requires us to state the source of sq feet, so I would have your agent put appraiser or owner, and then in the private remarks state that there is a "difference between county records and appraisers, buyer to verify if important."
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Real Estate Professionals
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top