Square footage discrepancy- do I give in?

Square footage discrepancy- do I give in?

  Home | Guides | Register Now! | Search | About
 misc.consumers.house    Post an article   get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content
 Square footage discrepancy- do I give in? househunter Reply Send to a Friend   Print
 
Subject Author Date
Square footage discrepancy- do I give in? househunter 11-29-2006
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.
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.

Thoughts?



other useful resources:
Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
Movie-Corner.com Movie Blog