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I once bought a house. It was advertised as sitting on "an acre plus". When we started doing the paperwork we noticed it was written as .85 acres. But the tax
by danbmil99 7y ago
I once bought a house. It was advertised as sitting on "an acre plus".
When we started doing the paperwork we noticed it was written as .85 acres.
But the tax map was broken up into two parcels, one of which was clearly about 1/4 as large as the other. They were both marked as about 40% of an acre.
Everyone involved in the deal, including my spouse at the time, was upset when I said that we had to go walk the property and figure this out. Apparently nobody gave a crap about half an acre here or there, even though this represented about half of the property under discussion.
I finally got my way. The real estate broker took one of those DaVinci wheels and, in his fancy loafers, in the pouring rain, walked the wheel through tick infested woods until he had surveyed the entire property.
It was .51 acres
- fred_is_fred 7y agoFor the commission the guy got for doing the relative;ly simple job of selling a house it was frankly the least he could do.
- danbmil99 7y agoHaving been through the hell of buying property twice in my life, I say take the real estate brokers out before you even get to the lawyers and accountants. There's no rational way to account for them taking 5% or more off every transaction, especially with the price inflation of the last few years.