bostongio
03-21-2007, 06:38 AM
I'm buying a home in Massachusetts and feel like I'm getting the run-around.
We are buying a house that is advertised at 2800 sq ft. in the MLS. We understand that the MLS disclaims sq. ft. as an "estimate." So, apparently, does the realtor. When an actual physical measurement was done of the house by our appraiser, it came in at 2450 sq ft. That, to us, is a fairly significant discrepancy and what we based our offer price on (which was accepted). We made an offer based upon a house that turned out to be about 12% smaller than what we knew.
Now, in discussing this issue with the realtor, they just hem and haw and say they are only disclosing what their records showed. She said she had to add a "bonus room" measurement that was completed by the previous owner to the info in the public records (I think it was tax assessment), and that's how they came up with the MLS sq ft. they inputted. The seller wasn't willing to offer anything in exchange for this discrepancy.
The house is only 3 years old.
1. How could such a discrepancy arise in a house that's only 3 years old? Measuring sq footage is not rocket science. This should be a well-known piece of factual information.
2. Nobody wants to take responsibility for it. MLS says its an estimate. Realtor says it was to the best of their knowledge (e.g., "good faith"). Seller doesn't want to budge because of the discrepancy.
I could understand being off 3 or 5% and was allowing for that. But basically we're missing a whole room because of this discrepancy. The problem is, we want the house. We'll live with paying for it despite it, but I really don't understand how this is fair to buyers when they make an offer to buy a house based upon inaccurate information.
We are buying a house that is advertised at 2800 sq ft. in the MLS. We understand that the MLS disclaims sq. ft. as an "estimate." So, apparently, does the realtor. When an actual physical measurement was done of the house by our appraiser, it came in at 2450 sq ft. That, to us, is a fairly significant discrepancy and what we based our offer price on (which was accepted). We made an offer based upon a house that turned out to be about 12% smaller than what we knew.
Now, in discussing this issue with the realtor, they just hem and haw and say they are only disclosing what their records showed. She said she had to add a "bonus room" measurement that was completed by the previous owner to the info in the public records (I think it was tax assessment), and that's how they came up with the MLS sq ft. they inputted. The seller wasn't willing to offer anything in exchange for this discrepancy.
The house is only 3 years old.
1. How could such a discrepancy arise in a house that's only 3 years old? Measuring sq footage is not rocket science. This should be a well-known piece of factual information.
2. Nobody wants to take responsibility for it. MLS says its an estimate. Realtor says it was to the best of their knowledge (e.g., "good faith"). Seller doesn't want to budge because of the discrepancy.
I could understand being off 3 or 5% and was allowing for that. But basically we're missing a whole room because of this discrepancy. The problem is, we want the house. We'll live with paying for it despite it, but I really don't understand how this is fair to buyers when they make an offer to buy a house based upon inaccurate information.
