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Updated about 3 years ago on . Most recent reply

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22
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Ken George
  • Investor
  • New Orleans, LA
4
Votes |
22
Posts

Agent Intentionally Mismeasures.

Ken George
  • Investor
  • New Orleans, LA
Posted

I've noticed a trend whereby the owner's licensed agent intentionally measures on the downside to I believe, increase the seller pool and quicken the sale.  In the cases I've identified, all of this agent's listings are over $1M.

In one case, this agent was 350 sq. feet short which, based upon the sale price, represented a $100,000 gift to a buyer.

In another sale, this agent was 700 sq. feet short which represented a $210,000 gift to a buyer.

Has anyone heard of this practice?  If so, is it illegal?

Most Popular Reply

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17,429
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30,071
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,071
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17,429
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Real estate agents dont measure properties.

Further, there is no standard way to measure square feet. Have 10 people measure a property, youll get 10 different square footages.

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