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.
Real-estate pros & experts of this forum, I got another question for you guys. I've been negotiating on a house that I'm looking to buy. A couple days ago, another house nearby came on the market, slightly higher building square footage, same floorplan, but slightly cheaper. My offer and the seller's counter offer are pretty close by this point. Yesterday the listing agent let my agent know that their house is actually bigger than what it was originally listed at. I saw they increased the building square footage from 2500s to 2700s (which is almost at the same building sqft as the house that just came on the market). They said it's because when the owner protested property tax, the tax appraiser did an estimation from the outside and reduced her square footage. I asked for proof that their house is actually the size they listed, still waiting to see the files. My question is, is it possible that the tax appraiser can reduce the building sqft from seeing it from the outside? Why didn't the seller & listing agent just list how big it actually was and went with the smaller number on tax record? Should I get an appraiser or should I just not worry about the building sqft? While 2500 sqft vs 2700 sqft is not a big difference and probably doesn't make or break the deal for me, I just want to know if I'm being fooled.
Note: The house I'm looking to buy is in Houston, TX.
House listings almost always go with the square footage on file tax and town records.
Thanks! That's good to know.
Quote:
Originally Posted by spencgr
An appraiser takes the SF from the tax file, they don't measure rooms.
Hmm ok. But where does the number from the tax file come from? The current owner is the original owner and she said she has documentation from builder on the sqft (still waiting for my realtor to send me the images so I can see for myself)
Square footage is not an exact science. Our builder has our square footage as one number, the county tax appraiser has it listed at another, and an appraisal for a refi came up with yet another number. So discrepancies are normal.
Thanks! I appreciate all your responses and I'm feeling more comfortable now. The seller sent her files and I was able to find historical property data from county website which matched what she provided. I plan to accept the seller's counter offer.
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.