How much misrepresentation in RE advertising?
We are buying a duplex as an investment property. This is in a very hot, popular neighborhood with 20 to 30 year old professionals.
The place was advertised as a property with 1 parking, upon questioning, the agent, who is also the seller, said that the property did not have any parking. Less than 1/2 of the rentals in the area have parking. So no surprise.
The place was advertised as 1200 sq ft per unit. At the time of inspection after the offer, it was determined to be 958 sq ft. When I was looking at it, I thought it was on the smallish side for 1200sq ft. The sq ft in my mind was a gross misrepresentation since the sellers must have known what the sq ft was given that it was completely rebult in the past 3 years.
We are still buying the property for many other reasons but....
I guess this is why all RE advertising says that "buyer to verify the actual square footage..."
Is this common or typical occurrence in real estate advertising? Just curious. I often see misrepresentation regarding basement or finished sq footage, for example....