Should the Seller be the Source for Square Footage – A Michael Clapp Dagnabbit

It’s been awhile since I’ve sent one out.  For those that are new to our office this is my occasional rant on how to do your job better or help other agents do their job better.

Our office has had a long standing policy of not accepting “seller” as the source of information for the MLS – particularly square footage.  When our sellers complete the additional addendum to the seller’s disclosure, we ask that they select the most reliable and truthful source of square footage.  If they have made a modification to the property – added a room, enclosed a garage or porch – they can’t just take the measurement of that space and add it to the appraisal district, builder’s plans or appraisal measurement.

If they’ve made a modification the best course of action is to hire an appraiser that will come and just measure the house and report what can be considered living space.  This now becomes their source.

If you feel that the appraisal district is way off – too big or too small – please recommend that your seller’s research the correct square footage.  Possbily they’ve refinanced in the past couple of years and they have an appraisal they can refer to.

There is nothing worse than a house not appraising for the sales price because the square footage was completely wrong or it may still appraise but the buyer is really upset that it is smaller than what was advertised.  Our job is to help minimize risk.  Help your seller do the right thing.

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Posted in Woodlands TX Real Estate Training
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