Asked by Russ, Belle Haven, VA • Sat Sep 15, 2012
I'm less than a week from closing date on a house that I feel was misrepresented by the seller. When I review the contract it does not mention the square footage of the home (which is the source of the conflict). The contract also says I am liable for the realtors commission if I default. It was advertised as being 2704 sq.ft., but it appraised as 2204 sq.ft. The difference is due to the inclusion of unfinished, unheated space above the garage accessable only from the garage. I'm told by my realtor that the listing did not indicate that the square footage was finished and that it is common practice to use the notoriously inaccurate tax assessment for the purpose of stating the square footage of a home. The listing agent was aware that an appraisal had been recently done prior to listing the home, but I do not know if she reviewed the appraisal.
Thank you for your responses in advance,
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