We bought a home in March and just received a sales verification form from the Assessor's Office asking us to verify the info. The papers say our house is a 1 1/2 story with 1,054 sq. feet, built in 1928, cape cod style. Our house is actually 2 stories, we were told it was 1,400 sq. feet, told it was built in 1929 and its a tudor revival. I don't want our taxes to go up, but don't want to mess things up with our property value when we decide to sell in the future. i'm a first-time homeowner, so I'm not what all of these things mean.
Who is most likely correct with this info assessors or sellers/agent? I'm starting to feel like we got screwed by the sellers in some way.
2006-08-13 06:50:48 · 7 answers · asked by I'm so crafty, I make people 5 in Business & Finance ➔ Renting & Real Estate
You should definitely survey the floor space. If they sold it to you as 1400 and it's really 1050, you can sue for damages.
2006-08-13 06:54:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The assessors record is the legal description of the property.
It sounds like there may have been a remodel at some point, which would account for the additional square feet. But because the assessor doesn't record that, it could have been constructed without a permit. Your seller may not be aware of this. The remodel could have been years ago. Laws about construction and permits have changed too, over the years, and what may have been a legal remodel/add on in, say 1938, wouldn't be nowadays. The fact the assessors records were never updated isn't necessarily proof that you were deliberately misled.
However, you should check with your agent asap and get assistance from them. If you correct the info, it could trigger an additional assessment, but that's unlikely as they are more interested in your purchase price. With the sale, it probably triggered an increased assessment anyway, so you may as well have the legal description correct. You can always call the assessor's office with a "hypothetical" situation and get their advice as well.
2006-08-13 14:08:15 · answer #2 · answered by boo radley 3 · 0⤊ 0⤋
You should have received a copy of the appraisal when you purchased the home and it will have all that information on it.
2006-08-13 14:19:02 · answer #3 · answered by staceydian 2 · 0⤊ 0⤋
Your appraisal is the correct one. Look at the appraisal you should have gotten when you bought the house.
2006-08-13 15:34:48 · answer #4 · answered by Karen R 3 · 0⤊ 0⤋
I would let it go and then change it when you want to sell your house.
2006-08-13 13:57:19 · answer #5 · answered by rallman@sbcglobal.net 5 · 0⤊ 0⤋
read tips and articles on real estate that will help you out more on this site
2006-08-13 14:14:50 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Call your agent and let them guide you on this matter.
2006-08-13 13:55:10 · answer #7 · answered by whozethere 5 · 0⤊ 2⤋