Updated about 7 years ago on . Most recent reply
Square footage/ bedroom count discrepancy
I've been running across a lot of discrepancies when it comes to square footage and number of bedrooms on properties I'm looking to buy in Indiana.
The MLS listing will have one thing, Zillow/realtor.com will have another and the local tax assessor's website might have yet another number (although sometimes the tax assessor matches with the non-MLS listing).
It seems that sometimes the extra bedroom and/or square footage listed on the MLS is the basement.
My question- when it comes to appraisals and refinancing, which number should I rely on/care about? It also dramatically impacts my numbers when calculating ARV and pulling up comps so I've been having that challenge with my calculations as well.
Please help! Thank you!