Residential Square Footage
The "Currency" of Real Estate
A Texas court recently upheld the principle that "size matters" during a case in which the square footage of a sold home wasn't what it advertised. The buyers sued and won. The house turned out to be 253 square feet smaller than the listing agent advertised and posted in MLS. The jury awarded the purchasers damages and held the real estate professionals liable for misrepresentation and fraud. The court of appeals in Austin upheld the decision, even though the couple had moved in the home 30 days prior to settlement. The square footage information came from public tax records. The court said the real estabe professionals had a duty to get the information right and the "buyer shouldn't have to pull out a tape measure."
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Articles & Information
Here Comes The Judge - A Texas court recently upheld the principle that "size matters" during a case in which the square footage of a sold home wasn't what it advertised. The buyers sued and won. Genie Back in the Bottle - The hard truth about the real estate crisis and the appraisal industry. Solution to the SqFt Puzzle - Discover the power of "size." The all-powerful "price per square foot" formula helps to determine property values all across the country. Learn the solution to providing square footage with confidence and without fear of liability. Square Footage - Out of Control. The 190 duties of a Realtor - Learn a Realtor's role in the home buying process. If you don't think a Realtor earns every penny, think again. The critical role of a realtor. The minimum duties required on every transaction. Appraisal Journal Book Review - The "Size Matters" Measuring and Calculating Residential Square Footage, published by the Measure Man, LLC as reviewed by Larry T. Wright, MAI, SRA of Houston, Texas and published in the summer edition (2008) of the prestigious Appraisal Journal. The "Size Matters Webinar" from Realtor University - Follow this link to Realtor University and The Learning Library. This one hour webinar is designed to teach the importance of size or square footage in the real estate comparison and valuation processes. Realtor TV - Look for the Real Estate Advisor series on measuring residential square footage at Realtor.org and Realtor University. Realtor® Magazine - "Size Matters" Article. McKissock Real Estate School & Size Matters A Statement of Square Footage - The disclosure form that allows real estate professionals to report residential square footage without fear of liability. A must see for every listing agent. Quiz #1 - Square Footage Basics. Quiz #2 - Agents & the New Appraisal Process. Quiz #3 - Navigating the New Market - Appraisals.
All Books Also Available @ Amazon.comSize Matters Professional Edition @ Amazon.com Size Matters Agent's Edition @ Amazon.com American Measurement Standard @ Amazon.com Discover Killing Value at amazon.com. Written by Joanne Conde. A must read for anyone thinking of having their home appraised.
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