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Updated about 6 years ago,

User Stats

356
Posts
311
Votes
Allen L.
  • Rental Property Investor
  • Chicago and mainly invests in KS remotely
311
Votes |
356
Posts

Appraiser measured sqft larger than listed sqft

Allen L.
  • Rental Property Investor
  • Chicago and mainly invests in KS remotely
Posted

Hi guys,

I recently purchased a 3 bed/2.5 bath SFH in San Antonio. Upon finishing mortgage appraisal on the property, I realized that the property size measured during appraisal is 103 sqft larger than the listed size! This is my first property so I have no prior experience with this, but I am assuming this is good for property price. By my own calculation, this should increase the property price by $3000-$4000.

A few questions:

1. Can a leasing agent advertise this property using the appraisal sqft or must they use the sqft on public record?

2. Is there any opportunity to increase property value when I decide the sell the property? 

Correct property size with county

  • Will this increase property tax?
  • Is an appraisal usually good enough to convince the county to correct their record?

3. If you had to guess, what would be a good explanation for why the seller listed the property sqft smaller than actual?

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