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April 21, 2008 11:13 AM
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How does one delicately go about bringing up a huge discrepancy in the listed square footage vs. the actual square footage of an apartment in a unit that is for sale by owner?
My SO and I have found an apartment we are very seriously considering putting a bid on. As is my habit, I have taken the dimensions listed on the flyer given out at the open house and calculated the square footage to aid in bidding on a square foot basis using comparable sales in the area. Using the owner's own calculations of the square footage of each room, I have discovered that he has overstated the total square footage of the apartment by almost 200 square feet. This greatly affects the asking price of the apartment and most definitely affects any bid we might make.
I have a call into the owner to feel him out on his flexibility on the price. I don't want to insult him, but I do feel the need to point out that his final square footage calculation based on his own individual measurements per room is confusing. And, well, wrong. How do I broach this subject with an aim toward offering a fair bid for actual square footage rather than the overestimated square footage? The apartment is lovely in every way, in a great area, and we would love to live there for all the right reasons. We're in Brooklyn, so it may be that he's just not going to take less than the asking, but I figured I might appeal to his sense of fairness all the same. It's quite possible this is an honest mistake, after all. We are not, however, going to put in a bid on this place based on phantom square footage. FWIW, comparables in the same building are accurately listed and we know the median price per square foot these places went for in the past several months. Those units have gone for far less than the ask on this unit.
Any suggestions on how to broach the subject, if at all? Thanks.
posted by TryTheTilapia to home & garden (22 comments total)
An appraiser would probably be the right person to talk to about methods for measuring, what's conventional, etc.
posted by adamrice at 11:18 AM on April 21, 2008