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."
The Measure Man, LLC
26 Pinecrest Plaza
Southern Pines NC 28387
Phone 910-949-5594
Fax: 910.949.2196
sizematters@charter.net
Articles & InformationGenie Back in the Bottle - The hard truth about the real estate crisis and the appraisal industry. 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. 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. 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. Realtor® Magazine - "Size Matters" Article Slide Show - Solving the square footage puzzle. Learn the two required steps to solve the square footage puzzle. These two keys will provide consistent and re-creatable square footage totals. Two steps to the long overdue solution. 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 Quiz #1 - Square Footage Basics. Quiz #2 - Agents & the New Appraisal Process. Quiz #3 - Navigating the New Market - Appraisals.
|
Website by: Roaring Aardvark Webdesign