1 responses to “Do Commercial Real Estate agents calculate square footage using a formula other than Area=Lenght*Width?”

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  tianaramal November 28th, 2009 at 04:51

  Sheila

  It depends on the agency. As an appraiser we use either the measured square footage or the local assessor’s property card. If we measure a building that is quoted as 2000 sf and it is actually 4,000 we have to investigate why was the sf not accurate. Did they get permits to build? If so we use the measured square footage, if not we ue use the 2,000sf, that’s why you need to get permits to get extension. I am giving the agents the benefit of doubt and saying they are getting incorrect info, however I feel that they most likely are not going the extra mile to find the correct square footage. I think you have to verify all the info your self before a purchase.