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Updated almost 3 years ago on . Most recent reply

User Stats

135
Posts
47
Votes
Alon A.
  • Investor
47
Votes |
135
Posts

house in ohio

Alon A.
  • Investor
Posted

Hi

I have a question i a bit confused from something. Hope you can help

I almost put an offer on a 2400SQFT house. the house has 2 story and basement.

when i looked online in county site i saw this details:

Total Basement 676SQFT (Basement finished - 388SQFT)

Living area above ground - lvl1 - 690sqft, lvl2 - 724sqft

Total SQFT - 1414SQFT

Total 1414 SQFT + 388sqft = 1802SQFT ??


I wanted to ask if a basement count as soft in realtor, Zillow ... im really confused also why they put it as 2800SQFT.. so weird.

I did my comps based on this 2800SQFT and not 1414SQFT. 

When im looking in zillow what i supposed to look for? 2800SQFT like listed or 1414SQFT or 1802SQFT ?

reason im asking is because some comps around 2000SQFT sold in certain amount but based on county site they are not 2000SQFT in living area, only if you add basement area.. please help 

Most Popular Reply

User Stats

6,413
Posts
3,692
Votes
Bob S.
  • Real Estate Consultant
  • Cleveland
3,692
Votes |
6,413
Posts
Bob S.
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Alon A.:
Quote from @Bob S.:
Quote from @Nicholas L.:

@Alon A.

are you putting in offers remotely without seeing the properties in person?

I would strongly recommend against doing that


 If he has a team ( which sounds like he does not ) then hes fine. I know dozens and dozens of investors that have never been to the city where the buy properties. Is ALL about your team

All the best 

However, you are 100% correct 


 I actually have a team , i have contractor that was there already i have estimate, i have realtor, i have all calculated already so all good.

the realtor said to me is not count as living space but in total sqft when people will buy it they will count it as like total sqft since is still area that you can use in house . on papers is not going to be with basement.

 Please be very careful a contractor is not your " team " ( It took me years to get the 30 or so I have, and I STILL fire and replace them) either is the realtor, ( I never use them, they do not have the deals). They have one job, to sell you the house. You need a team that has a long-term mutual benefit, 

All the best 

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