Posts for November 24, 2008.
Through my own MLS, we have the choice of stating the source of the square footage when we list a home: agent measured, tax record, owner provided, appraisal. I will always use the figures provided by an appraiser, however I’ve also used the square footage stated in the tax record as well as measuring for myself.
While the “experts” are saying the decline is unexpectedly large, I view it as a necessary evil to level the market. The number of houses available now far exceed the number of buyers. This is one of the reasons home prices are dropping – ye olde supply v. demand economics are well into play.
