Well, it happened again. A buyer walked away from a deal because they thought the condo they were purchasing was 1600 square feet when it was only 1450 square feet. The buyer apparently went off the MLS sheet - which did in fact say 1600. Obviously, the Seller's Realtor did not know the exact square footage.
I always recommend that unless you have a floor plan to back it up, dont guess at square footage. In today's market, even the simplest mistake can give a buyer cold feet. We know the condo is the same size as it has always been - and the buyer loved it all three times he saw it. But the minute he found out it was actually smaller than he originally thought - he backed out of the deal.
In my opinion, this could have been avoided!
Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning
321 N. Clark Street, Suite 500
Chicago, IL 60654
312-238-9298
Chicago short sale attorney, Chicago landlord tenant law attorney, Chicago estate planning attorney, Chicago real estate attorney, Chicago real estate lawyer
