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Updated about 3 years ago,
Agent Intentionally Mismeasures.
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?