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Incorrect Property Profiles
Once or twice a week I receive a phone call from an seller that sounds something like this,
"Hello Keith, I have a problem. Your title search (property profile) is showing this house as a 2 bedroom, 1 bathroom 900 square foot house. I've been to the property and it is clearly a 3 bedroom, 2 bathroom house. The owner also says that the property is actually 1,200 square feet. Can you please update your property profile so that it shows the correct information?"
The short answer to this question is no, a title company gets its information from the county tax assessor and this error must be corrected at the source, the assessor's office. However, in my experience the profile is not necessarily this agent's problem. The incorrect profile is only a symptom of a larger issue which may be a problem for your seller. Here are a couple reasons the assessor may not be showing the correct property characteristics and the potential conflicts with each situation.
Every good agent wants to avoid dealing with the legality of space. There is too much liability and the more you know the more you need to disclose. Unfortunately ... more
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