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This document serves to disclose the square footage measurements of a residential property in accordance with the requirements of the Colorado Real Estate Commission.
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How to fill out square footage disclosure
How to fill out SQUARE FOOTAGE DISCLOSURE
01
Obtain the SQUARE FOOTAGE DISCLOSURE form from your local real estate office or a trusted online source.
02
Start by entering the property address at the top of the form.
03
Measure the interior dimensions of each room in the property carefully.
04
Calculate the total square footage for each room by multiplying the length by the width.
05
Add the square footage of all rooms together to get the total square footage of the property.
06
Include any additional spaces such as basements, attics, or garages if applicable.
07
Clearly state whether the measurements are approximate or exact.
08
Sign and date the form to validate the information provided.
Who needs SQUARE FOOTAGE DISCLOSURE?
01
Real estate agents who are selling properties.
02
Homeowners who are listing their homes for sale.
03
Buyers who want accurate information about the property size.
04
Lenders who require square footage information for mortgage applications.
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People Also Ask about
What is the meaning of square footage in construction?
Square footage is a fundamental measurement used in construction and real estate. It refers to the total area of a space, typically measured in square feet. Knowing how to calculate square footage accurately ensures you order the right amount of materials and stay within budget.
What does square footage count?
Any space that has walls, flooring, ceiling and heat generally counts as finished square footage.
What is the square footage disclosure?
Square Footage Disclosure This document is filled out by the listing team and sellers to note the square footage and source which that number was derived from. Public records are historically the most accurate. However, there are times when the public record number is different from the actual size of the property.
What is the purpose of the square footage disclosure in Colorado?
If that condition is met, all floor areas with a ceiling height over 5 feet are included; otherwise, the entire room is excluded. Secondary Structures: Fully finished secondary structures (E.g., a carriage house or pool house) with permanent, sufficient heating are included in finished square footage calculations.
What is the square footage of selling space?
Retail sales per square footage is your store's average revenue for every foot of sales space. The formula is total in-store sales divided by selling area in square feet. So if say, an apparel store sold $1 million worth of merchandise in its 1,800 sq.
What is the 5 foot rule for square footage?
Measure the length and width, in feet, of each room. Then, multiply the length by the width to calculate that room's square footage. For example: If a bedroom is 12 feet by 20 feet, it is 240 square feet (12 x 20 = 240).
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What is SQUARE FOOTAGE DISCLOSURE?
Square footage disclosure is a statement or document that provides the accurate square footage measurement of a property, typically required in real estate transactions.
Who is required to file SQUARE FOOTAGE DISCLOSURE?
Sellers of residential properties, real estate agents, and developers are generally required to file square footage disclosures when selling or leasing properties.
How to fill out SQUARE FOOTAGE DISCLOSURE?
To fill out a square footage disclosure, measure the exterior dimensions of the property, calculate the total square footage, and provide any additional details like the method of measurement and specific areas included in the calculation.
What is the purpose of SQUARE FOOTAGE DISCLOSURE?
The purpose of square footage disclosure is to provide transparency to buyers and renters about the size of a property, helping them make informed decisions.
What information must be reported on SQUARE FOOTAGE DISCLOSURE?
The information that must be reported typically includes total square footage, measurements of individual rooms, the method of calculation, and any disclaimers about the accuracy of the information.
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