House size is 575 sqft smaller in the appraisal

House size is 575 sqft smaller in the appraisal

Rental Property Investor · Columbus, OH · Member since 2015 · 64 posts · 7 votes

I am purchasing a investment property. The auditor website and list says 3005 sqft. The house is 5 split level with the lowest level unfinished. 

The appraisal report comes with 2430 sqft Gross living area. 397 sqft finished basement and 140 sqft non-living finished area (due to the wall of one bedroom is not high enough). 

I supposed to  close it next week. I want the seller reduce the price, but seller do not agree. What should I do?

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