We (buyers) close in a few weeks, banks independent appraisal came back almost 500sqft less than originally known. Advertised 2,902 sq. ft., but actually 2,417 sq. ft. a 17% decrease.
510k purchase price, with quite a discrepancy. The listing and tax roll erroneously included the garage in the gross living area, likely for many years.
What are some reasonable negotiations or typical concessions for something like this.
Ty
Edit: for clarification, the home appraised for the selling price so no issue there. The completely unfinished, attached two car garage was included erroneously in the GLA until our discovery.
There is no basement or attic space or any other renovated living spaces that were missed in the measurement.