Daly City, CA asked in Real Estate Law for California

Q: I purchased a lot for cash & it said it was 10,301 sq.ft., now i find out that the lot is smaller, my options

I live in Daly City, but the lot is in Bullhead City, Az.

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1 Lawyer Answer
Maurice Mandel II
Maurice Mandel II
  • Newport Beach, CA
  • Licensed in California

A: Typical Attorney Answer: It depends. Before I answer further, you should contact an attorney where you live or in Bullhead, look for an attorney that specializes in real estate.

Now, it depends on the amount of variance. Is it deminimus , like the actual lot is 10,300, or is it significant, like the lot is 10,000? (which may not even be significant depending on value. if it were in Vail, CO, that 300 sq feet could be worth $250k or more)

Was the variance obvious? What do the escrow documents say? What is the legal description of the property? What Sq. Ft. do the tax records say?

Find the answers to all these questions and then go to your local RE attorney.

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