Any Luck Getting Realtors To "show Their Work" When Computing GLA?

[Eli]

On the pre-inspection interview when you asked the approximate size of the house how many times have you received the response "I don't really know" or "1,475 square feet. I saw it on the last appraisal I got." People can't tell the difference between 1400 and 1600 just by looking.

For competing classes of residential property exact GLA is a minor element of comparison. If you're working in an area with very little market activity and must use sales of properties with large GLA variances then adjust away and work harder to get the best data you can. Don't just mindlessly rely on MLS and blame real estate agents for slowing down your process.

Yes possibly, but do you know if they look at square footage on the Listing online or some other source like assessor data or a flyer? They may have even hired an appraiser before they signed a contract.

 

[CANative]

I'm guessing most drive around in neighborhoods they like and can afford and when they spot a for sale sign they call the listing agent.

 

[Howard Klahr]

Blah blah

Pot calling the kettle I see ...

do you agree, or disagree that that SF/GLA is (typically) an important element of value and one that buyers consider?

You tell us. You're the one with the extensive 5 years of real estate agent experience. I guess my 28 years a broker, not an agent but a broker, doesn't seem to have any knowledge, experience or background in this area. It would seem that your expansive 5 years experience would of course eclipse everyone else.

 

[J Grant]

I can't tell too much from your posts Howard since half of them are snarky petty snips at people like the one above. I asked you a simple question, and you did not answer. Read you own post above, you refuse to answer and instead get all sarcastic about nothing.
As to my answer, yes, buyers are very interested in sf living area, it's one of the first things they talk about when describing what kind of property they want to buy.

So Howard, after your 28 years as a broker, does SF/living area matter to buyers, or not?

Or are you going to refuse to answer again?

 

[Howard Klahr]

As to my answer, yes, buyers are very interested in sf living area, it's one of the first things they talk about when describing what kind of property they want to buy.

So Howard, after your 28 years as a broker, does SF/living area matter to buyers, or not?

Or are you going to refuse to answer again?

Wrong again. Three tries for dollar. As I have already stated, end users do not care about sq ft of living area. They base their purchase decisions on (see Post #34 again, because I know you have such a problem with reading comprehension)

Buyers tell agents that they are looking for a home located in a particular area with 3 bedrooms, 4 bedrooms or whatever their need. They do not seek homes primarily by sq ft. Don't believe me, go look at every public centric search site for real estate listings.

I know you know better, but once again you just refuse to acknowledge that you were in error, made a mistake or didn't convey your message clearly. Oh and I must be doing something right in that my post to like ratio is 24.3% versus your 6.8% and I only have roughly one tenth the posts in comparison.

 

[J Grant]

You are full of it. Let's ask any RE agents on the board or brokers on the board if their buyers are concerned or not about Sf. I know many RE agents and brokers beside my own experience. As an appraiser I see the market reaction day in and day out in data. In the market, larger properties tend to sell for more then smaller properties of same features/quality/location ( typically)

Buyers sit down with agents and put forth the major things they want in a home ( and secondary some specifics). The major things are location, price range, # of bedrooms AND Sf. It's not just about bedrooms. There's a big difference between a 1200 sf 3 bedroom home and a 2100 sf 3 bedroom home.

 

[CANative]

Private First Class Means Low Pay Initially.

 

[J Grant]

For better or worse, many RE Agents price their listings by a formula of $ per Sf.

 

[CANative]

For better or worse, many RE Agents price their listings by a formula of $ per Sf.

It's ironic that that is the "Pay" in the mnemonic I posted.

 

[djd09]

Any one that thinks GLA doesn't matter is off their rockers.

They need s1 s2 s3 s4 s5 s6 to rate their stupidity.