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Old 11-06-2009, 05:40 PM
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square footage incorrect

What is the name of your state (only U.S. law)? Texas
We are trying to buy a house that was represented as being 5800', but our appraisal came back at 5300' and we discovered seller had a 2nd appraisal that came in at 5400'. SELLER refuses to make concessions. What is our legal option here?
Last edited by kathyweatherfor; 11-06-2009 at 05:51 PM.
  #2  
Old 11-06-2009, 05:44 PM
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Quote:
Originally Posted by kathyweatherfor View Post
What is the name of your state (only U.S. law)? Texas
We are trying to buy a house that was represented as being 5800', but our appraisal came back at 5300' and we discovered seller had a 2nd appraisal that came in at 5400'. Buyer refuses to make concessions. What is our legal option here?
**A: don't you mean the Seller refuses to make concessions?
  #3  
Old 11-06-2009, 05:50 PM
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kathyweatherfor

Yes I meant to say SELLER refuses to make concessions.
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Old 11-06-2009, 05:55 PM
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Quote:
Originally Posted by kathyweatherfor View Post
We are trying to buy a house that was represented as being 5800', but our appraisal came back at 5300' and we discovered seller had a 2nd appraisal that came in at 5400'. SELLER refuses to make concessions. What is our legal option here?
Very simple.....
Your legal 'options' are to sign the purchase agreement.... or not.
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Old 11-06-2009, 05:55 PM
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Quote:
Originally Posted by kathyweatherfor View Post
What is the name of your state (only U.S. law)? Texas
We are trying to buy a house that was represented as being 5800', but our appraisal came back at 5300' and we discovered seller had a 2nd appraisal that came in at 5400'. SELLER refuses to make concessions. What is our legal option here?
Buy another house.
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  #6  
Old 11-06-2009, 07:57 PM
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Two options: complete the purchase, or walk from the deal.

BTW: my house is a Prairie style ranch near Lake Michigan, designed by a student of Frank Lloyd Wright. There are several walls that meet at other than right angels. NO two measurers ever come up with the same sq footage I've not ever known the "real" sq footage. So what? I love my location, my quality of construction, the floor plan and the view. Sq footage is only one piece of what establishes market value.
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