Greater Atlanta Real Estate Blog

Spring is here and Summer is near. Let's get your home sold!

The market is HOT and the Stan Jones Team has sold many homes this month!

Our agents are working closely with our clients to make sure they receive the satisfaction they deserve. Whether it be listing appointments, showing appointments, or hosting an open house, our agents do what it takes to serve each client well. Our focus is to help educate and offer resources to our clients and community. We understand that purchasing a home can be very difficult and stressful at times. By choosing to list with The Stan Jones Team, Your agent will do their best to guide and advise you to meet your every possible need you may have, and grant you their input by helping educate you, increasing your awareness for every circumstance, and also answering any questions or concerns you may have in relation to selling your home. Contact us today and lets get your home sold! For information on our current listings, visit our home page. Homes are flying off the market quick, so call us! We look forward to Serving You Home.

 

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Appraisals - What is important to know?

Appraisals! They can be great and they can be a nightmare!  The most important items to know are the basics of how it all works.  

So, what does an appraiser do and what are the guidelines he has to follow?  

http://www.grec.state.ga.us/PDFS/About/newsarticles/2012DECGRECRENews.pdf

A definition that is important is - Gross Living Area.  Scott Murphy from the appraisers association stated the article below about living area.  (this helps to understand how square feet are calculated)

Probably one of the most important elements of a home, in terms of value, is the overall living space or gross living area (GLA). It is probably one of the most misunderstood elements as well. There are a number of standards for calculating GLA but the one that is used by appraisers is the “ANSI” – American National Standard Institute. The ANSI standards define "finished area" as “an enclosed area in a house suitable for yearround use, embodying walls, floors, and ceilings that are similar to the rest of the house.” Measurements must be taken to the nearest inch or tenth of a foot, and floor area must be reported to the nearest square foot. Garages are specifically excluded. The way I explain it is that if you put your foot on the floor of any given level and any portion of that floor is below the grade of the ground, it is considered below grade space and CAN NOT be included in GLA. Another way to think of it is that if you could not put a door on any part of the perimeter than it is below grade space. This comes into play in parts of the country where there are homes with basements and other home styles such as split level and split foyer homes where some levels are below the grade of the ground. The appraiser then will take the areas above grade and count the rooms. The appraiser...