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The Risks of Using Square Footage from Tax Records

wav risks using square footage tax recordsEvery agent and broker knows they SHOULD have accurate square footage that they measured themselves or hired a professional for, yet many today still rely on square footage listed in public records without any verification of accuracy.

When preparing a CMA or listing presentation, many agents calculate their suggested selling price based on COMPS that also use tax records to reflect the square footage of the property. Still others have not been trained properly on what should be included and excluded from square footage calculations.

The net effect is that a home can be overpriced or underpriced based on an inaccurate calculation of square footage—which can lead to complaints or even lawsuits.

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