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The importance of Square Footage
Other than bedrooms and baths, square footage is one of the most important considerations a home buyer contemplates when purchasing a home. Square footage, in many cases, lays the foundation to a sellers pricing strategy as well as gives the buyer a starting point when making an offer.
The importance to accurate square footage can't be underestimated, per the insurance industry, inaccurate square footage is one of the main reasons real estate agents are named in law suits. In fact, square footage problems have become such a huge concern for the real estate insurance industry, that some insurers have started marketing campaigns educating realtors on how to accurately calculate square footage.
In my experience the single biggest problem isn't that agents aren't measuring the homes it is that they are assuming the public record information is accurate and complete. For example, many agents are simply using previous MLS datasheets to populate the square footage information into their current MLS data sheets.  This practice assumes that the previous agens information is accurate and complete without verification.  Many people could argue that this practice is a lack of due diligence on the part of the current agent.  At the very least, it could be ... more

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