Property Q&A in Cary>Question Details

Gina Schneyer, Home Buyer in New York, NY

this house is 4400 square feet with 4 1/2 baths. I should know, I bought it.

Asked by Gina Schneyer, New York, NY Wed Dec 31, 2008

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This question is about this property: http://www.trulia.com/homes/North_Carolina/Cary/sold/269919-…

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Answers

9
Did I say "contract", Barrett? Did I say the square footage was left blank on the "contract"?
0 votes Thank Flag Link Thu Jan 1, 2009
In North Carolina, and I'm sure elsewhere, the listing agent is held responsible AND liable for the square footage of ANY property he or she list, within 5% + or -.

Leaving the square footage blank is similar to marking 'No Representation" to an item on a Property Disclosure Statement. Both attract attention to a perspective buyer and the buyer's agent. I would NOT want to be called in front of the Real-Estate Commisssion or a Court of Law to try and defend a blank anywhere on any contract.

Happy New Year!
0 votes Thank Flag Link Thu Jan 1, 2009
Did I overlook a debate in the middle of the conversation?
My error, and please accept my sincere apology.

And, of course, without question or debate, I wish you and yours a very Happy and Prosperous 2009!
Web Reference: http://MikeJaquish.com
0 votes Thank Flag Link Thu Jan 1, 2009
I'm not sure why this is such a matter of debate, Mike. The custom in our area is different from the custom in yours. My only comment was that this is why I do not take the homeowner's word for what the sq footage of a home is. You are obviously far superior, go to the head of the class and pick up your gold star. And have a Happy New Year!
0 votes Thank Flag Link Thu Jan 1, 2009
JR,
I consider it a "value-added service" to offer accurate square footage, not an unfortunate circumstance.
Since I measure almost all of my listings myself, there usually is no additional expense.
I might call an appraiser for a second opinion if the home is very irregular in layout.

I would NEVER post the tax roll's square footage, since I have no idea where they get their numbers. our county does not measure homes. They post numbers they get from other sources and they have far too many inaccuracies in the files.

As far as the homeowners' word on square footage?
Good people with good intentions often do not know the proper criteria for measuring. They may add area that cannot be included in the square footage. And some folks cannot help but puff their property a little. I tell folks that the truth is in my tape measure.

Sometimes (actually quite often) I find that the homeowner or county have underestimated the square footage. I owe it to my sellers to market all the square footage I can measure legitimately. It is fun to tell folks, "Hey, you mentioned 2300SF, but I'm coming up with 2700SF, and after calculating it three times, that is the number I am going to post."

Another upside is that while pulling the tape, I am observing the property again, from a different perspective from the listing walk-through.
Web Reference: http://MikeJaquish.com
0 votes Thank Flag Link Thu Jan 1, 2009
I realize practices are different in other states. I was just pointing out why I do not take the homeowner's word for it. Sometimes it is on the tax card, but not always. We will post an approximate number in some cases. Someone who buys a 2700 square foot house gets pretty upset when it turns out to be 2300. Homeowners sometimes exaggerate. It is unfortunate that you must do this at your expense.
0 votes Thank Flag Link Wed Dec 31, 2008
"This is why I never put the exact square feet in my literature unless there is documentation."

JR:
I see that you are in New York, and the subject home is in Cary, NC, about 4 miles from where I am sitting.

No square footage entered in a listing is not acceptable to buyers in our local market.
We are expected by the buying public to post a square footage number. Almost all searches seek a square footage minimum, maximum, or range, and as listing agents we need to offer a measurement in the MLS.
When doing so, we are charged by the North CarolinaReal Estate Commission with being able to generate a number that we will stand behind as qualified professionals.

The alternative for a North Carolina agent is to hire an appraiser to measure.
Web Reference: http://MikeJaquish.com
0 votes Thank Flag Link Wed Dec 31, 2008
Congratulations, and Happy New Year!
It is a beautiful home in a great neighborhood.

It is amazing how often square footage measurements vary widely.
Wake County says it is 4299SF.
The listings on the MLS vary from 4293SF to 4455SF.

Part of the fun in real estate, I guess.
I sure am curious about the 3846SF, though.
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This is why I never put the exact square feet in my literature unless there is documentation.
0 votes Thank Flag Link Wed Dec 31, 2008
Congratulations, and Happy New Year!
It is a beautiful home in a great neighborhood.

It is amazing how often square footage measurements vary widely.
Wake County says it is 4299SF.
The listings on the MLS vary from 4293SF to 4455SF.

Part of the fun in real estate, I guess.
I sure am curious about the 3846SF, though.
Web Reference: http://MikeJaquish.com
0 votes Thank Flag Link Wed Dec 31, 2008
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