All Forum Posts by: Alex Mares
Alex Mares has started 1 posts and replied 3 times.
Post: Sq footage off by 550
- Specialist
- Covington, KY
- Posts 3
- Votes 0
The selling agent said it was a “loft” area but it is only accessible from the roof. And it is not a finished attic it had never been used as a living space. There is insulation on the floor and it is definitely not legal useable space.
Originally posted by @Jonathan R McLaughlin:
@Alex Mares yea thats a problem. First, all the MLS stuff has disclaimers that you have to check this out yourself etc. If you are still in the inspection period you have an automatic out. How unfinished is it (drum roll)? Did it use to be? Is it wired up? Is it just a shell? Is it even legally usable space?
So pay based on a 1250 sf place that has potential to expand (or not) but do not pay an 1800 sf price, up to and including eating your deposit--I don't think you have to, just saying that would be cheaper than being underwater. That square footage is a fundamentally different type of property.
Post: Sq footage off by 550
- Specialist
- Covington, KY
- Posts 3
- Votes 0
Thank you ! @Monty McLamb
Post: Sq footage off by 550
- Specialist
- Covington, KY
- Posts 3
- Votes 0
I am under contract on a home and there is a 550 sq footage discrepancy. They counted an unfinished attic into the square footage.
I would like some advice on how to proceed.
It would change the square footage from 1800 to 1250.