Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Appraiser measured sqft larger than listed sqft
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?