Agent

How public record errors hurt real estate sellers

Before listing home, do some simple due diligence
Published on Feb 14, 2011

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Buyers looking for a home to buy today often turn down a listing because they think it's priced too high relative to the livable square feet it has to offer. In some neighborhoods, like planned unit developments, price per square foot might be a fairly reliable value indicator because there is little variability in the housing stock. It's of limited use in neighborhoods with great variability in home style, size, age and condition.

Regardless of what the sellers report as the livable square feet, the buyers usually want to know what the public record on the home says. For example, if the sellers say their house has 3,000 square feet of living space, but the public record reports only 2,300 square feet, the buyers expect an explanation for the discrepancy.

<

Comments