Welcome to the Real Estate Forum


The "ORIGINAL" Real Estate Social Network" SINCE 2005 and your #1 Resource for all things Real Estate


  •  »Over 35,000 Members
  •  » Answer Questions From "REAL" Buyers & Sellers
  •  »Ask Questions & Share Stories With Fellow Real Estate Professionals.
  •  »Read Articles & Blogs written by Real Estate Professionals.

...you have come to the right place!


YES! I want to register an account for free right now!


p.s.: For registered members YOUR FORUM NAME is free of ads

Results 1 to 4 of 4
  1. #1
    cbcbx is offline Renter
    Join Date
    Aug 2011
    Posts
    1

    Default My home's square footage is wrong

    Several years ago my wife and I bought our home. The previous owners' home burned down and they rebuilt and we bought the home when it was 2 years old.

    Now it is time to sell and we have discovered that the home's square footage is wrong. Our assessor lists the home as 1250 sqft - after a lot of internet research I measured and came up with 1600 sqft. Our home has been on the market for a while and while it has had quite a few online hits, no one has come and looked at it! I think people think the house is too small to bother with.

    We think that the 1250 sqft figure must have been from the house that burned down.

    I'm sure we must go see the assessor and explain the situation. Does anyone have any idea what the assessor is likely to do and how bad they are going to zing us? For the 1250 sqft we pay about $3,600 per year.

    Thanks for your help.

  2. #2
    Join Date
    Dec 2008
    Location
    Minneapolis, MN
    Posts
    169

    Default

    Often times when homes are listed on the MLS, their square footage will be different than the County Property Tax records indicate. This could be to additions, etc.

    I would think listing it on the MLS as what the sq. ft. actually is would be ok.


    If your question about "getting zinged" refers to paying retroactive taxes because your home is actually bigger--I'd doubt they would do that. It was their mistake.

    Plus, you could dig up documents from when you bought it and show them you thought the house was only 1,250 sq. ft. according to their records. In either case, I would imagine you'd be ok from a tax perspective. But then again, I'm not a civil tax accountant or familiar with your area.
    Steve Howe - REALTOR - RE/MAX Advantage Plus
    First Time Home Buyers Programs - Blog for First Time Home Buyers
    First Time Home Buyer Class - Get the Facts Before You Buy
    SteveH [at] MNRealEstateTeam [dot] com

  3. #3
    Greg is offline Moderator
    Join Date
    Sep 2007
    Location
    Outer Banks
    Posts
    1,281

    Default

    What size is listed in the MLS 1250 or 1600?

    If it is 1250 then have your agent change it to 1600 sq ft. and add have your agent put a note in the comment section of the MLS stating how much money the new owners will be saving every year on the taxes because of the mistake in size.

    If it is 1600 listed in the MLS then have your agent put a note in the comment section of the MLS stating how much money the new owners will be saving every year on the taxes because of the mistake in size.

    Paint a silver rainbow on your situation.

    If you go to the tax assessor and have them change the sq footage to 1600 then your taxes will go up which will make your house more expensive for buyers to maintain.

  4. #4
    VancouverWa's Avatar
    VancouverWa is offline Fixer Upper
    Join Date
    Oct 2007
    Posts
    76

    Default Make doubly sure

    Make sure you have the correct size! I've seen plenty of disputes arise out of inaccurate house measurements.
    What's common in your area?
    Measuring the outside of the home or just the interior space?
    Do not include garages, unfinished basements and unusable sq.ft.(less than 5ft) unless that's common for your area.

    If your not getting showings you may have to revisit your price.

    Best of luck!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •