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Nitin, Real Estate Pro in Canton, MI

Wrong Sq Ft of house

Asked by Nitin, Canton, MI Mon May 25, 2009

I saw the listing below on realtor.com. The listing says that house is 1540 Sq ft. I checked the city's website and found that house is only 1157 Sq ft. That is a lot of difference. Most homes values are calculated on a per sq ft basis and a buyer could easily overpay by 30% trusting fake MLS data. Who is the responsible party here ? Seller, listing agent or listing office ?

http://www.realtor.com/realestateandhomes-detail/1526-Stanle…

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Answers

3
So you are suggesting that i take tape and measure with me when i go to a showing next time.

Why can't listing agents just add a note that MLS Sq ft doesn't match with City's Sq ft but he/she has personally measured it. It will save a lot of work for quite a few buyers and their agents.
0 votes Thank Flag Link Wed May 27, 2009
John,

Most real estate professionals attempt to provide accurate information on a property. You are correct to doubt any information because at the bottom of each page there is a disclaimer indicating all information may not be accurate.

You the buyer are responsible for performing your own Due Diligence on any property. You and your Buyer's Agent have the right to measure the property yourself and make appropriate adjustments.

Your lender (assuming not a cash purchase) usually requires an appraisal and they may provide another set of values for sqft and price per sqft.

I suggest discussing this with your real estate agent further and taking action as required based upon facts not included in your question.
Web Reference: http://mi-living.com
0 votes Thank Flag Link Wed May 27, 2009
John,

I looked back in the listing history of the home and the home has been listed a few times by different agents with 1540 citing the source as an appraisal. There is often a difference between the public record data and an appraisal.

As long as they identify the source of the information, the listing can have any number. There is no requirement that public record square footage be used. I have seen square footage underreported on public records many times. The city could have forgotten to change the square footage after an addition or something.

The data on the MLS is not fake. An agent will take a look at the source of the information and decide if further investigation needs to be completed.
0 votes Thank Flag Link Mon May 25, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
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