This spring one my clients made an offer on a home. When the appraisal came back the square footage was off by over 700 sq feet (it was a 5500 sq foot home). When I talked with the agent there response was we don't measure - I just went by what the previous agent had listed. However, the agent was wise and put in the counter "Purchaser is buying the home based upon value not based upon square footage." Yes - I know this should have been a red flag - but in general I agree (it is very rare to get exact numbers back from anyone who measures) - so I was just thinking they were trying to cover themselves to within a reasonable tolerance. I have started adding a clause that home must be within x% of stated square footage based upon appraisal. Has anyone else had similar stories and better ways to handle it?

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