[quote=sdrealtor]lepitangel
I wouldnt get so hung up on the square footage. Builders often make mistakes reporting this kind of information to the tax assessor. A plan 1 is a plan 1 and the same size no matter what the builder or seller reports. If anything the discrepancy may be the loft at the top of the steps which I am not sure they all have. The one currently on the market does, so if that is the discrepancy this home would be the larger square footage.
FWIW, I actually listed the low comp about 1 year ago. I listed it at the 1731 sq ftage even though it had the loft and was probably over 1800 sq ft. I wanted it lower to help with the BPO so I could get my short sale approved so I quoted the sq footage from the tax records. It was a pretty messy one to deal with and we were glad to get it done. In hindsight I’m happy I could get the new buyer what now looks like a real good deal.
On the one you are dealing with, my opinion is its not worth much more than 650 to 660K. The problem is looking at the loans in the tax records it appears they owe about $645K. My guess is they are trying to sell it without coming out of pocket by choice or lack thereof so they need about $680K to cover all their selling costs.[/quote]
Wow, my gut guessimate was inline with yours? I was afraid you or the other SDR would come back and tell me I’m smoking crack thinking this worth only $650kish… Anyway, I defer to the pros as such….
