Measuring Disputes Update

Portland Real Estate On an earlier post I shared a story from the NY Times about a measuring dispute in a new condominium building. The buyer was suing the developer over a difference between the actual and advertised square footage. The buyer measured the condo after occupying it and found the unit to be 743 rather than 634 square feet. That 109 square feet just cost the developer $150,000 in a recent settlement.

I think it best to rely on the county measurements or have a relatively inexpensive appraiser draw up a floor plan and determine the square footage. The floor plan usually costs between $150-$250 and makes a great addition to your flyer and online documents. While we Oregonians may not be as litigious as those fiesty New Yorkers, measuring disputes are serious business and can cause a transaction to fail. The NY Times story.