HI Mathew,
The story that I've heard is that somebody got sued over a discrepency in the square footage. Supposedly the difference was only a few square feet. I cannot attest to the truth of this it is just what I have heard. Although I have heard from both brokers and appraisers. As it is now the buyer gets the square footage in the appraisal since the appraiser has measured and they can legally quote footage. If this is true I would love to know the case law that supports it. Anyway it is definitely an FMLS rule that sqft can't be quoted on the listing.
On one hand it would be nice to have the square footage in listings. I have also heard from agents in other states that they have to measure every home when they list it. This can be very time consuming.
Comments(2)