Square Footage

Posted by PRO Tue, 16 Jan 2007 19:28:00 GMT

The square footage information in public records is presented in two formats. The Total Heated Square Footage information in Realist is a calculated number.  Refer to the Heated Square Foot Calculator in the MLS Reference Center to learn more about the components included in the calculation. The Total Square Footage includes the Total Heated Square Footage, the garage and any other finished areas that are under the roof of the building or buildings. It is important to note that in situations where there are multiple building are on the property, the square footage information in public records is the sum total for all of the buildings.

 Steps

Realist Property Details Report

Pinellas County Property Appraiser Report

Step 1

Whether you are preparing the profile sheet for a listing or analyzing an agent full report for a potential buyer, always confirm the Total Heated Square Footage information on the Realist Property Details Report when the Source of Measurement is "T" for tax records. It is important to note that the Total Heated Square Footage information can be altered in the MLS and still have a Source of Measurement code of "T."

If the Source of Measurement is "A" for Appraisal or "B" for Builders, you should request documentation to support the Total Heated Square Footage number. A Source of Measurement code of "M" is used in situations where the Realtor® is calculating the Total Heated Square Footage. This business practice is considered extremely risky and carries a great deal of liability. Consult your broker before using measured Total Heated Square Footage in the MLS.

  

Step 2

Review the Features section of the Realist Property Details Report. This section contains a breakdown of the conponents of Total Square Footage.  As a footnote, typically 200 square feet equals a one car garage. You can use this standard to estimate the approximate size of the garage.

The Extra Features section includes any improvements that have been added to the property after original construction. Typically you will find pools, patios, screen enclosures, etc. in this section of the report.

 

Step 3

  

Compare the square footage information in the Sub Areas section of the Pinellas County Property Appraiser Report to the Features: Building Description section of the Realist Property Details Report. The information should be the same. If the information is not the same, it could be the result of a timing difference. The square footage information on the Realist Property Details Report is updated on a quarterly basis; information on the Pinellas County Property Appraiser Report is updated every few weeks. 

Step 4

  

Compare the Residential Extra Features section of the Pinellas County Property Appraiser Report to the Features: Extra Features section of the Realist Property Details Report. The information should be the same. Inconsistent information could be the result of the timing difference between the Realist report and the Property Appraiser’s report. Always investigate differences by pulling a copy of the property card to review all of the permits (open and closed) that have be issued for the property.