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househunter wrote:
> I put an offer on a house for $200/sq ft and I based it on the listing
> of 2034 square feet. I looked at the tax records and they came in at
> 1980 square feet (the house is 10 years old and no additions have been
> done). I had my realtor put in the counter offer that if the house
> came in under 2000 square feet after the appraisal we would
> re-negotiate the price. The appraisal came in at 1995 square feet.
> The sellers agreed to the adendum but according to my realtor they
> would not budge if we came back with a negotiation.
>
> Yes, 39 square feet does sound a lot to quibble over but when you
> multiply it by $200 it is not something to laugh at.
39 square feet is about a closet or two - it's not a whole lot of space.
Chances are, you aren't going to even notice the difference in size.
39*200 is $7800 - if the house is selling for $200,000 or more then
that's also not that much (less than 4%).
Like others, I've never made (or heard of) an offer based on price per
sq ft. There are different qualities of sq ft (e.g., the location, use
of footage, location, build quality of footage, location). Does the
house suit your needs? Does your furniture fit? How is the space
defined? Used? All that is much more important than how big the space
is (bigger isn't always better).
> Plus, if we list it in the future it will be under the 2000 square feet
> mark which may eliminate some buyers who are looking for a 2000+ square
> foot home.
>
Worry about that when you 1) buy the house and 2) sell the house.
What's the saying? Don't borrow trouble.
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Re: Square footage discrepancy- do I give in?
