Is it important to know square footage when selling house?

That’s great if you want to sell, but it may also increase your property taxes. If you’re selling your home, the square footage is one of the most important specifications buyers look for.

What happens if the square footage is wrong on Your House?

If the actual measurements taken by a home appraiser result in a higher square footage than the tax assessment office has on record, using the higher square footage calculation could increase the value of your home. That’s great if you want to sell, but it may also increase your property taxes.

How big is the town house I want to buy?

I just discovered that the town house I wanted to buy is about 150 square feet smaller than the listed 2,045. I no longer want to proceed, based on the shrunken size. (The tax district said the place is 1,895 square feet and the appraiser said 1,900.)

What should I do if my seller inflated my house size?

A real cynic, in fact, might suspect she was in cahoots with the selling agent. Homebuyers should take this as a lesson to research square-footage claims, property lines and the like before they advance too far in the deal. In a perfect world, no one should endure the loss of a single dime based on seller misrepresentations.

That’s great if you want to sell, but it may also increase your property taxes. If you’re selling your home, the square footage is one of the most important specifications buyers look for.

How big is the wrong square footage on a house?

The square footage of the home had been unintentionally misrepresented and overstated by 358 square feet (20%) to all prospective buyers via the information represented in the MLS listing and the seller’s appraisal diagram of the home. So what’s the big deal, it’s only a number, right?

What happens when square footage does not match price?

When these two figures do not match, buyers and sellers can argue over the price of the house (and potentially other factors) that can then lead to a problem with getting the home into the “sold” column. So what can buyers or sellers do if the square footage comes back different from what was expected? And should they try to do anything at all?

Do you have to disclose square footage to buyers?

If there are discrepancies in square footage, then they should be disclosed to any potential buyer. While this is good practice, a broker is not required to review public records or to pull permits to determine the precise square footage. (Code Civ. Proc., § 2079.3.)