CAN YOU REALLY TRUST THE MEASUREMENTS THAT ARE ON HOME LISTINGS & WHAT DOES "INFORMATION DEEMED REILIABLE BUT NOT GUARANTEED" REALLY MEAN?
It is important to clarify something for Real Estate professionals and today's "smart" home buyers. The original intention in the phrase "information deemed reliable, but not guaranteed" has nothing to do with "I can put in poor information, and it is just fine, because of this statement on each listing on the MLS".
(At least that statement is present on each home listng in my home state of MN)
The phrase is there to cover the service and listing companies when there are typographical errors not that the information should not be trusted, which is often the case. It was never meant, nor should it be construed as an "escape" clause for not checking, measuring, or even caring. Please remember the first part first... "deemed reliable"
For a number of years the single largest issue that slows down the appraisal process has been poor, incomplete, or inaccurate data on the listing. So professionals....let's do our best to provide accurate data to the MLS, which then trickles down through the whole process as "good data" from professionals.
For consumer's, let a Ronald Reagan saying be used liberally on this issue....
"Trust BUT Verify"