Comments on: Truth in square footage

By: Michael Chiaro

Michael Chiaro — Thu, 03 Jun 2010 12:17:35 +0000

If PAR or this attorney wants to make a recommendation for the proper measurement of “square footage”, or even try to define it, and legally stand behind the opinion, there may be some value to this article. Without it, what is your point?

By: Della Rae Austin

Della Rae Austin — Tue, 01 Jun 2010 13:12:12 +0000

Gentlemen,

Could we, as agents, note in the comments section that: (Buyers should personally verify square footage & acreage)?

By: Jim brenneck

Jim brenneck — Fri, 28 May 2010 22:49:07 +0000

Thanks for the article I have always questioned square footage more so with new construction since they count everything as square footage and or living area when was the last time we saw anyone living in a 3 story entrance foyer? I have never felt this should be counted in as it is open blank space.
Any comments,thanks again for the article.
Jim

By: Peter N. Lamandre

Peter N. Lamandre — Thu, 27 May 2010 02:54:54 +0000

The issue also comes down to what type of Square feet… What will count as finished how much of the space is usable… I have recently been doing some research on the topic of “standards” for various parts of real estate. Not too long ago (about 2 weeks in fact) I was able to find a source for standardization of single family homes Square Feet…
AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS
SQUARE FOOTAGE–METHOD FOR CALCULATING: ANSI Z765-2003.

On the Commercial side you have the BOMA (just revised this year in fact) & REBNY methods.

By: Brad

Brad — Wed, 26 May 2010 21:45:22 +0000

The buyer’s didn’t see the appraisal until shortly after settlement… they were happy with the appraisal amount… and they were happy with the size of the home, but suddenly it felt small to them? The court should have thrown it out by reason of stupidity.

By: Sandy Stevens

Sandy Stevens — Wed, 26 May 2010 17:04:00 +0000

Brett- I always carry a tape with me. In many instances the buyers want to know exact measurements of a room, mostly bedrooms and dining areas to see if the room will accommodate their furniture. At any rate I find buyers are happier if you give them the option of measuring for themselves. It does take the agent out of the middle to
some degree.

Sandy Stevens

By: Melanie McLane

Melanie McLane — Wed, 26 May 2010 15:11:05 +0000

Brett–and one of the most foolproof tools an agent can carry is a 200′ tape. I always suggest that not only should the listing agent measure it, the buyer’s agent should measure it WITH THE BUYER so they both know what they are seeing and getting.