Head Over Heels for Homestead Exemptions

Published: 2/1/2022

 

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New Year, New Market - 2022 Real Estate Market Predictions

Published: 1/2/2022

 

It's here! 2022! We've made it to another year in this crazy and confusing time. 

If we've learned anything in these last few years and months, it's that things can change quickly. Something will shift and then suddenly everything we know is turned on its head. The real estate market has certainly seen these changes as buyers and sellers have navigated the challenges of the pandemic and its effects, and we feel pretty confident that 2022 will be no different. We rounded up some of the top experts' market predictions as we head into this new year. Check out the highlights to see what changes we may expect: 

Affordability 

It's a word you're probably going to hear a lot in 2022. According to experts, affordability will be a large determining factor that will affect the new year's market. 

According to Realtor.com's 2022 Housing Forecast, we're in for a "whirlwind" year. Existing home sales are predicted to increase 6.6%, and it seems that mortgage rates have nowhere to go but up, with predictions placing the 30-year fixed rate mortgage to be at 3.6% at the end of the year. 

Danielle Hale, chief economist at Realtor.com, told Forbes, "a gradual uptick in mortgage rates will make affordability a top consideration for home buyers, especially the 45 million Millennials...who are at prime first-time home buyer age. Demand from these young households will keep the market competitive and fast-paced." 

Rent rates are also expected to rise, which will affect affordability and motivation for home-buyers. President and CEO of the National Apartment Association Bob Pinnegar told Forbes that "while the pandemic brought an increased focus on housing affordability at the national level, affordability has been a key concern throughout the industry for years and will continue to be an area of focus in 2022. Demand for apartment and single-family homes continues to outpace supply, which ultimately drives competition and hurts housing affordability." 

The Inventory Issue

Inventory has also been a major trigger point for the market in recent years. It seems that in 2022, it may become slightly less of an issue - but just slightly. 

Realtor.com predicts that existing home for-sale inventory will increase by a meager .3%. However, a growing number of homeowners reported that they plan to sell int he next 12-months, which may cause others to continue the trend as more housing becomes available. 

The National Association of Realtors Chief Economist Lawrence Yun said that "inventory will finally increase due to more home construction, the ending of the mortgage forbearance program, and the rise in Covid-related deaths among the elderly." 

New construction is also expected to continue at a "strong pace" according to Robert Dietz, Senior Vice President and Chief Economist for the National Association of Home Builders. However, supply chain shortages and increase in lumber tariffs have caused construction costs to increase by 19% year-over-year, according to Forbes, meaning that the inventory issue is far from finished. 

Residence Requisites 

The pandemic has changed so much about our lives, particularly the way - and the where - we work. 

The suburban trends of 2020 and 2021 are expected to continue according to Realtor.com, as more homebuyers seek out space. Workplaces continue to offer flexibility in working locations, allowing homebuyers to be more flexible in where they live. 

Chief Executive Officer and President of Realogy Franchise Group Sue Yannaccone said that pandemic has created a new era of real estate. "The pandemic and lifestyle changes that followed, such as remote and hybrid work styles that have opened up the freedom to live and work from anywhere, have helped unleash new dynamics in the market," she told Forbes. "We're starting to see it in action already...2021 is shaping up to have around 6 million resale home transactions, according to the NAR." 

Hale also stated that income is expected to rise about 3%, and with workplaces continuing to offer flexibility, homebuyers will continue looking to the suburbs, and perhaps "less pricey metro areas." 

If we've learned anything in the last two years, it's that nothing can truly be certain. We hope these predictions are helpful guides, but we will truly just have to wait and see just exactly what the real estate market bring to 2022. We'll be here to experience it all with you, and we can't wait to see what's ahead. 

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Thankful and Grateful

Published: 11/20/2021

  

    2021 has gone by in a blink, and it's hard to believe we're approaching the holiday season. This year has had its ups and downs, but we look forward to the future and all that is holds. 

    Each year the Perrie & Associates staff shares what we are thankful for this holiday season. We are truly a family here at Perrie & Associates, and we want to share that feeling with all of you. Below are some of the many things we are thankful for: 

Brett Lefevre, Disburser 

Emily Kobito, Social Media Manager 

Ree Simpson, Closing Coordinator 

Tracy Arthur, Disburser and Paralegal 

I am SO extremely thankful for my family - especially my mom who has been there for me through some really tough years. 

Jennifer Compton, Real Estate Manager

This year I’m thankful for the health of my family. I’m thankful for the opportunity I’ve had to spend extra time making memories with my kids and that stems from a boss who puts importance on work-life balance. I’m blessed to be surrounded by amazing people daily at my job who lift me up and support me. In a time when it’s often hard to see the light I know how lucky I am to be surrounded by so much joy and love. Happy Thanksgiving!! 

Stephanie Lee, Paralegal

Stacy Hagan, Title Curative Paralegal 

The biggest thing I am grateful for is that two of my brothers both survived COVID this year - one of them was hospitalized and it was very scary for us all. I am also grateful for my new job working here at P&A. I started in March, and I love it! 

Stacie Upchurch, Office Manager

I'm thankful for the supportive and caring group of people I work with every day, and for my job that allows me to flourish. I'm thankful for my husband, my family (my dog included) and my health. Finally, I am thankful that I have so much joy and abundance in my life! 

Ashley Duffey, Coordinator 

I am thankful for my new P&A family. I have been blessed with such an incredible opportunity getting to work here. I truly love it! I also am thankful for my family - without them I don't know where I would be. 

To all of our loyal clients, friends, and family,  we are so thankful for you. We hope that you may enjoy a peaceful, safe, and joyous Thansgiving! 

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The How and Why of Home Appraisals

Published: 10/31/2021

 

There's no question that the housing market this year has been upended. Low inventory and high demand have created bidding wars the likes of which we've never seen, and buyers are being forced to waive contingencies that offer protection in the home buying process. 

One of these protections is the home appraisal. According to HomeLight, issues with the appraisal accounted for 27% of delayed contracts, and 14% of terminated contracts as of July 2021. Though the market may try to force buyers to push the appraisal away and pay with cash, it's important to understand the appraisal process and consider it carefully. 

What is a home appraisal? 

According to NerdWallet, a home appraisal is an estimation of the home's value, as determined by a licensed appraiser. The appraiser will look at features of the home as well as the values of homes nearby to determine the home's true value. Mortgage lenders require these appraisals to ensure that they are lending the proper amount and won't lose money. As Forbes puts it," to reduce the risk of losing money, the banks want to make sure they don't lend more than a certain percentage (typically 80%) of the value of the property...if the value of the property is less than the amount loaned, the bank will lose money (and banks aren't generally in the business of losing money)." 

What is the home appraisal process? 

A home appraisal will typically take approximately two weeks from start to finish. (However, this turnaround time can be affected by the business of the market.) If a mortgage is involved, the lender will choose an appraiser, and the buyer will pay for the cost of the home assessment. An appraisal typically ranges from $300 to $400, but can fluctuate depending on location. 

An appraiser will look at several aspects of the home to determine its value. The size of the property, construction materials, neighborhood and location, internal and external updates, as well market conditions are all factors that affect the value of the home. An appraisal can take anywhere from 15 minutes to an hour to complete. 

With the hot seller's market we are experiencing in 2021, it's possible that the appraisal will come in low. As buyers continue to offer higher offers to out-bid competitors, HomeLight says that appraisers sometimes have difficulty finding the evidence supporting these higher prices. However, you and the buyer can add an appraisal gap guarantee to the purchase agreement that states the buyer will cover the gap between the appraisal's value and the offer on their own. 

Why get an appraisal? 

Simply put, a home appraisal is a better guarantee that you aren't over-paying for your home. If you are unable to pay in cash, a home appraisal is a necessary part of the home-buying process. It determines a fair-market-value for the property that will determine the final loan amount you receive. 

Different types of loans have different requirements, so be sure to check out NerdWallet's comparison here so you know what to expect for your particular appraisal. 

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Fun Fall Festivals

Published: 8/31/2021

 

It may not be cooling down quite yet, but fall is on its way, and with it, some new ways to have fun in the Metro area!

The new season is a great excuse to get out and explore the neighborhood or try something new. There are plenty of fall festivals and fairs around town, but we found some of the best and rounded them up here! 

Dragon Con 

You won't have to wait long for this event! This weekend, Atlanta will host Dragon Con,  a pop-culture convention where you can see everything from Storm Troopers to Spiderman. The event will take place over Labor Day weekend and includes autograph sessions, workshops, author readings,  an art show, and more! For those not wanting to register and attend the indoor festivities, you can always make your way to Peachtree Street in downtown Atlanta on Saturday. During the parade, super-fans will cosplay as their favorite characters and make their way through the city. You never quite know just who you will see at this famous Atlanta event! 

Music Midtown 

Another famous Atlanta event will be taking place in just a few weeks. Music Midtown, Atlanta's premier music festival, will take place September 18th and 19th in Piedmont Park. More than 30 artists of all genres will perform across 4 stages in the park. Some of this year's headliners include Maroon 5, Miley Cyrus, The Jonas Brothers, and Megan Thee Stallion. The festival also hosts hundreds of food vendors for plenty of snacking options while enjoying the live performances. 

Yellow Daisy Festival 

For the craft-lovers, the Yellow Daisy Festival is a perfect place to spend a fall afternoon. Held at Stone Mountain Park on September 9 through 12, the Yellow Daisy craft Festival will host hundreds of artisans from jewelry makers, woodworkers, painters, and crafters of all kinds. It's a great place to get inspired and score unique finds for you or a loved one. Artisans are spread amongst shaded walking paths, and there are also plenty of food vendors so you can make a day of it! 

Woodland Spirits Walk 

If you're itching for the spooky Halloween holiday to arrive, you can get your haunt on early with Fernbank Museum's Woodland Spirit exhibit beginning September 18. The outdoor experience features the art of Atlanta artist, Laura Lewis. Visitors will encounter supernatural ghostly figures and creatures inspired by literary dark forests. 

Of course, we're excited to see the return of football as well this month! Of course, you know who Mr. Perrie will be rooting for this weekend - Go Dawgs!

However you decide to spend the start to the season, we hope you enjoy getting out and exploring all that the Atlanta area has to offer!

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Extra Assurance - Title Insurance

Published: 8/1/2021



No, owner's title insurance is not required, but for the lender, it is. And their insurance only protects the lender, and offers nothing to the homeowner. The lender purchases title insurance for every single property, and if they feel that it is so important to protect that property, why wouldn't you?

An owner's title insurance policy is one you hope to never need - but when you do, it is invaluable. We at Perrie & Associates have great relations with several title insurance companies, and strongly suggest owner's purchase a policy to protect their greatest investment!

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The 411 on QCD's

Published: 8/1/2021

Transferring property to a new generation in your family? Want your new work-from-home office to be in the name of your LLC? 

If so, you will most likely need a quit claim deed, or QCD. Life brings changes, and with it, the ownership of your property may need to change as well, and that's where a QCD comes in.

A quit claim deed is simply the transfer of interest in a property from one party to another. The person transferring their interest is called the "grantor," while the person taking the interest in the property is called the "grantee." The grantor ends, or "quits," their claim to the property, allowing the grantee to take over.

While a QCD is one of the easiest ways to transfer property, it is important to note that there are no warranties of title transferred with this deed.

A quit claim deed does not normally occur when there is a buyer and seller and when money changes hands. These deeds also do not guarantee that the seller, or grantor, has ownership of the property, and there are no guarantees that the property is free of liens, which can prevent the sale of a property.

In order to guarantee ownership and a clear title on the property, a warranty deed would be needed to transfer the property, and a special warranty deed could be used to address defects that occurred during the seller's ownership.

Because of the lack of guarantees, QCD's are most commonly used to transfer property among family members, to a business, or as a gift.

Specific timelines can be set in a quit claim deed, and the transfer of property can occur immediately, at a specified time, or at death. An individual, business, or a trust can use a quit claim deed, and can be either the grantor or the grantee.

It is important to work with a reputable law firm when preparing a deed to ensure the document is prepared correctly, the legal description is accurately cited and the signature requirements are met in accordance with the requirements of the relevant county and jurisdiction. 

At Perrie & Associates we can help you determine the best document for your situation and transfer your property as quickly and efficiently as possible. We would be happy to help with the transfer of your property and will work with you to do what's best for you!

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Back with a Bang - Celebrating the Fourth in Atlanta

Published: 6/30/2021

 

The Fourth of July is back with a bang! Last year, celebrations were cut back due to COVID-19, but now we are able to come together more safely to celebrate our country' independence! 

So it's time to break out the barbecues, pool floaties, and corn hole games, grab some friends, and celebrate! Don't forget though that there's plenty of events just outside of your backyard all across the metro Atlanta area!

Wondering what to do on this 245th Independence Day? We've got you covered from big events in the city to local firework shows in your county! Check it out - 

Peachtree Road Race

The AJC Peachtree Road Race is an Atlanta tradition, and this year - it's back for it's 52nd race around Atlanta! This year, the race will take place on TWO days for extra safety, and extra fun! The road race starts at approximately 6:30 each morning, and you can line the streets to support these red, white, and blue runners. This event is a special favorite of our own Mr. David Perrie, who has participated in many Peachtree Road Races throughout the years! Find more information about start times and the course map here. 

Braves vs. Marlins 

Sticking with the sports theme, head down to Truist Park to watch the Braves play the Marlins Thursday through Sunday. Friday will feature Friday night Fireworks, and Sunday's game will feature a U.S. Air Force flyover and special Independence Day fireworks! You can find more information and tickets here. 

Festivals and Fireworks 

If you're looking for some more relaxed fun, there are plenty of festivals and firework shows around the metro. 

On Saturday, July 3, Marietta will host their annual Fourth in the Park festival from 10 a.m. to 10 p.m. The celebrations will start with a parade with marching bands, beauty queens, and local businesses and organizations. Arts and crafts, food trucks, and live music will be available in the square until dark, when the evening will conclude in a fireworks show! 

Not too far away in Kennesaw, the Salute to America celebration will have two stages of live music, street activities, and food vendors on July 3. A children's parade will march through downtown at 3 p.m., and the evening will conclude with great local music and spectacular fireworks! 

In Powder Springs, the Fourth celebrations are kicking up a notch with a first-time carnival that will run from July 1-4. The carnival will have rides like a Ferris Wheel, Pirate Ship, and Merry-Go-Round, along with plenty of carnival games and concessions. On Sunday, July 4, the city will continue the party with their annual SpringsFest event! Bouncy houses, face painting, and game trucks will all be available, and the night will end with a fireworks show. 

If you're looking for Independence Day celebrations closer to you, check out this comprehensive list of firework shows and events all across the metro!

However you choose to celebrate the Fourth of July this year, we hope you have a safe, joyful, and patriotic weekend!

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After the Autographs - What happens post-closing

Published: 5/31/2021

 

• Disbursement - Many checks are often disbursed at the closing table, but any wires and checks not given out at closing will be distributed afterward. The closer will get the file back and review it to ensure all documents have been properly executed in compliance with the bank's requirements, and checks will be mailed out to the appropriate location and wires will be sent out by the closing attorney. 

• Deeds and Recording - The warranty deed is signed at closing and shows that a clear title has passed from the seller to the buyer. A security deed is signed when a mortgage loan is taken out in Georgia, and shows the terms of the loan and places a lien on the property until the mortgage is paid. Both of these deeds must be recorded with the Clerk of Superior Court in the respective county where the property was sold to show the transfer of ownership.After closing, our post closer will review the deeds and check the legal descriptions for accuracy before sending them to the clerk's office with checks for recording fees. Once received, the clerk will stamp the original and record a copy of the documents in the public records/deed books. The stamped and recorded original is returned to our office. The buyer will receive a copy of the stamped warranty deed for their records, and a copy of the stamped security deed will be sent to the lender. 

• Documentation - Part of the post-closing process is sending documents from closing to various parties involved in the closing. This can include homeowner's associations that need a copy of the warranty deed, to agents who need copies of the closing disclosure. We will ensure that all parties receive the necessary documents they need to record your closing. 

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Earth Day and Beyond - How Your Home Can 'Go Green'

Published: 5/2/2021

 

April 22 was Earth Day and there were plenty of social media posts celebrating this amazing planet we call home. But maybe you saw a post and wondered, what can I do to be more green? 

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Spring Home Maintenance

Published: 2/28/2021

 

Spring is in the air! We're already seeing warmer temps this week, and it may inspire you to get outside and enjoy the nice weather! It may also inspire a bit of spring cleaning, and we're not just talking about finally washing that pile that's been building in your laundry room! 

As the season transitions into warmer weather, it's a great time to check on a few important fixtures of your home. While these aren't always the most fun or even immediately noticed changes, your house will certainly thank you for running through this quick checklist! 

Air Filters 

Before you turn on your AC, we recommend changing out your air filters. Typically, these should be changed every 90 days. It's a quick and easy fix that ends up cleaning every room in the house! 
Not sure how to replace them? First, locate your air filters and determine their size. Replaceable filters are usually surrounded by a cardboard frame, while reusable filters are typically surrounded by plastic. These frames should include the dimensions, but if not, use a tape measure to determine the width and height of your air filter.
Next, hit up your local hardware store and grab some filters! Remember, if you have more than one unit, you will need to change both. We recommend grabbing a few spares as well, that way, it'll be easy to change the next time! Just be sure to store them away from the furnace.  
Finally, insert them correctly into the furnace. Most filters will have printed arrows that are inserted in the same direction of the airflow. It's important to install them correctly, otherwise you will make your HVAC unit work harder, so be sure to read directions carefully. 
If you'd like some step-by-step instructions, check out this helpful tutorial from the Home Depot. 

Gut the Gutters 

It probably comes as no surprise, but now is a great time to clean your gutters. April showers bring May flowers - but you definitely don't want those flowers growing in your gutters. However, though we know you've been told to clean your gutters, don't worry if you're not sure where to start. We're here to help! 
First, start by collecting the necessary tools including a safe and sturdy ladder, a few buckets to collect debris, gloves, and a garden hose. 
Start by cleaning your gutters near the downspout, and work your way back to the closed end of the gutter. The Home Depot recommends cleaning your gutters on a dry day. Trying to clean them after a fresh rain when the debris is wet will make it more difficult. Keep one bucket connected to your ladder, and dump the large clumps of sticks and leaves into the bucket. You may need a small trowel if you have some debris or dirt that is stuck inside the gutter. 
After cleaning the large debris, flush the remaining pieces with a drain hose. Once it's all cleared, flush water through the gutters again to ensure the water is flowing properly and isn't leaking. If you find any leaks, seal these with gutter sealant, and if there are any major damages to your gutters, consider replacing them. 

Wrap the Windows 

In the spring especially, it's nice to forget the AC and simply open up the windows and let the outdoors in. However, if you haven't check your window screens, you may be letting some unwanted pests in as well. 
Now is a great time to check your window screens for any holes or tears. According to the Home Depot, if your window screen is looking shiny, rather than dark and matte, that's a sign that it's time to be replaced. 
Thankfully, this task isn't too difficult, and can be done in just a couple of hours! If you find a hole or tear in the screen, remove the frame from the window and remove the damaged screen with a flathead screwdriver, being sure to remove the nails or screws securing the screen in place. Next, you can roll new screen over the window frame, cut to the right size, and secure with staples or a spline roller depending on your frame. 
Check out step-by-step instructions here! 

Of course, there are plenty of other opportunities for some spring maintenance in your home. Take advantage of this nice weather to get out and inspect your home so you're ready to enjoy the indoors and the outdoors with peace of mind this summer! 

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Fall in Love with Homestead Exemption

Published: 1/31/2021

 

Well, the forms are already filling your mailbox, so you know what it's time for - taxes.  

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New Year, New Market - Predictions for Real Estate in 2021

Published: 1/2/2021

 

2020 was a year of unpredictability. However, despite the pandemic and resulting recession, more than 6 million homes were still sold, and home prices grew 5% according to Forbes. 

While the last year has taught us that's impossible to know what may come next, we've gathered experts' predictions for the 2021 real estate market. 

Seasonal Balance 

First, the realtor.com 2021 Housing Forecast predicts that there will be some sense of normalcy returned to the seasonality of real estate. In 2020, the Coronavirus pandemic threw the predictable real estate season out the window. Many stay-at-home orders were imposed right before the summer, the best time for the real estate market. Buyers returned to the market before sellers, and had a drastic impact on inventory, time on the market, and home prices. However, realtor.com predicts that things will begin to settle into the normal seasonal trends in 2021. 

Home Sales and Prices 

2020 changed the way many of us live and work. Because of this, people are continuing to look for different styles of living. Those who can now work remotely are looking to buy homes with more space, and with many millennials and Gen-Z entering the market,  there will be plenty of demand for housing. 

Deputy Chief Economist with CoreLogic, Selma Hepp, told Forbes: "...first-time home buyers will remain a strong force in the market as the largest cohorts of millennials are turning 30 - critical household formation years. But also, the oldest millennials are increasingly contributing to the trade-up market. As a result, 2021 home sales activity is expected to remain strong and outpace 2020 levels."

Danielle Hale, realtor.com chief economist, told Forbes that they expect a 7% growth in home sales, as well as a 5.7% growth to home prices on top of 2020's growth. "While we expect mortgage rates to tick up gradually, sales and price growth will be propelled by still strong demand, a recovering economy, and still low mortgage rates."

Inventory

Inventory has been the biggest struggle the market faced in 2020, as nearly 4 million new homes were never completed, according to realtor.com. Half a million fewer homes were for sale in the beginning of 2020 than the previous year. However, the inventory pace began to pick up toward the end of 2020, a trend that experts think will continue into 2021. 

"With home builder confidence near record highs, we expect continued gains for single-family home construction, albeit at a lower growth rate than in 2019," Robert Deitz, Senior VP and Chief Economist at the National Association of Homebuilders, told Forbes. "... buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates." 

The 2020 Effect 

Last year changed so much about our lives, including how business was conducted in the real estate market. 360 degree home tours, the decline of open houses, and even e-closings, dominated during a time when people were forced to stay home. 

According to Elana Knoller, Better.com's chief product officer, this use of technology will only increase in 2021. "Homeowners and the housing industry at-large will utilize technology even more next year to engage buyers and execute deals," she told Forbes. 

People have also learned a new way of life, which is affecting where and how they want to live. "Many buyers aren't waiting for a return to normal," said Baird & Warners President and CEO Steve Baird to Forbes. "Instead, they're anticipating a new normal in which they live, work, and entertain differently than even before and view housing through that lens." 

Again, if 2020 taught us anything, it's to expect the unexpected. So, buckle in and get ready for what is sure to be an interesting year for real estate!

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Feeling Thankful

Published: 11/25/2020

 

    2020 has thrown so many curveballs it's hard to keep up. With the world where it is right now, it's sometimes hard to find the silver lining; however, in some ways, this year has shown us all that we truly have to be thankful for. 

    Each year the Perrie & Associates staff shares what we are thankful for this holiday season, and 2020 is no exception. In fact, we feel it's even more important to share with our clients what we are thankful for this year, and the hopes we have for the future. We are truly a family here at Perrie & Associates, and we want to share that feeling with all of you, in this especially trying year. Below are some of the many things we are thankful for: 

Brett Lefevre, Disburser 

I'm thankful for our management team who has guided us through the COVID pandemic and has caused our company to thrive during uncertain times. I'm also thankful to work with such wonderful people!

Emily Kobito, Social Media Manager 

This year I am thankful for the opportunity to marry my amazing husband this June. It may not have been what we expected, but it was still the perfect day, and I'm so thankful for my friends and family who have supported us. I'm thankful for the chance we had to buy our first home, and to my P&A fam who helped us close! I'm thankful for my health and the health of my family, and I'm thankful for the hope for the future!

Cheryl Ethridge-Morton, Paralegal 

I'm thankful to have been part of the P&A family for nearly 11 years now. 

Ree Simpson, Closing Coordinator 

Tracy Arthur, Director of First Impressions

I’m very thankful for 3 things this year:  my family, my health (2.5 years cancer free!) and this job.  This was a big career change for me but the culture is so much better here at Perrie & Associates than my previous positions.  I actually feel like a person here and not just a number on payroll.  I’m so much happier here!

Stephanie Chandler, Title Curative Specialist 

Gayle Willingham, Firm Administrator 

This year has been quite a year for everyone and we can all see what is really important in life! I am thankful for my health. This has been a really hard year with a lot of sickness so I am grateful for everyday that I am safe and well. I am also thankful for my God and this wonderful country we call home. I am thankful for each family member and friend that I get to spend valuable time with during the quarantined time. Let us not forget that I am so very thankful for my job and being able to work every day with the wonderful staff at P&A and see the great clients that come in for closings. Life is good, so enjoy each and every minute!

Linda May, Attorney 

I am grateful for my family, friends and co-workers. I am grateful to be healthy. And I am grateful to work for a super law firm where caring about people comes from the top down. 

David Phillips, Post-Closer 

I am Thankful for My family as for this year we finally closed out the passing of my father.  He passed away in 2014, and we spread the ashes in the mountain this year  - all of my brothers were there to say a life lesson or a story about him. I am thankful for being a part of the P&A work family of Cumberland. I am thankful for my friends because they are always there for me, in happy times and in sad. I am truly thankful for my health and wellness. Finally, I am thankful 2020 is about to wrap up, and I hope that 2021 brings happiness and joy to everyone, as this year has been an uphill battle.

Hannah Chung, Closing Department

I’d like everyone at Perrie & Associates to know how grateful I am to be a part of the team.  2020 has been a rollercoaster for so many of us, and I for one will always be grateful that 2020 brought me into the P&A family!  I’ve learned so much from so many people at P&A and I can’t wait to see what 2021 brings.

David Perrie, Firm Owner & Attorney

I am thankful we found my prostate cancer when it was so early that it's already cured. I am thankful for my dedicated and loyal associates who have been “troopers” through this difficult year. I am thankful 2020 is near its end, and for beer.

To all of our loyal clients, friends, and family who have stuck by us in this difficult year, we are so thankful for you. We hope that you may enjoy a peaceful, safe, and joyous Thansgiving! 

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Building Your Brand

Published: 11/1/2020

 

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Fall Fix-Ups

Published: 9/30/2020

With the season change, many other things are adjusting along with the weather. For one, pumpkin spice everything is already everywheres, and you're likely getting ready to freshen up your closet and bring out those jeans and long-sleeves. But what around your home needs changing?

Despite the current Georgia heat, fall is a great time for fixing up a few things around your home. As the weather gets cooler, it's easier to get outside and not only enjoy the new temperatures, but actually enjoy the time you spend making adjustments to your home's exterior. The season is also a great time to get ready for winter because you don't want to be left out in the cold trying to fix your heater when it's only 32 degrees.

Here are a few fall fixes we recommend:

Seal it Up

Fall is a great time to seal up the home and make sure you aren't losing out on precious heat (or in Georgia's case, air conditioning). Take some time to seal up cracks around windows and doors in your home. To find the leaks, HouseLogic recommends using a lit candle or incense stick and walking around your home near the windows and doors - if the light starts to flicker or the smoke begins blowing, you know where you need to add caulking to your home.

Raise the Roof

We don't mean throw a party, but do consider showing some love to your roof this fall. This season is a great time to make repairs or even replace the roof if it's needed. DiTech says it's important to inspect your shingles for any damage, and look for any nails that have come loose that may signify a loose shingle. Roofers are also busiest during the winter months, so calling them out this fall will allow you to beat the rush.

Clean the Gutters

Since you're already up on the roof, you may as well take a moment to clean out the gutters. It's best to wait until all the leaves are off the trees if you can. HouseLogic says that moisture is one of the biggest problems in maintaining a home, and leaves the collect can also hold moisture which can eventually ruin your gutters and cause backups. Sweep them free of leaves and other debris, and make sure all of your downspouts are working properly.

Help the Heater

You may not need it now, but soon your heater will be doing the work of your AC, so it's best to give it a helping hand. Inspect your heating units and replace furnace filters; you may also want to clean your fireplace and chimney before you're able to cozy up next to the fire.

Enhance the Exterior 

The weather is getting nicer, so while you're out enjoying it, you can also get something done, and also increase your ROI if you're looking to sell next spring. Forbes recommends sprucing up the siding, both by pressure washing your home and re-painting the siding if it's needed. Also think about updating and cleaning the deck. Replace splintering or cracked boards, and give it a pressure wash treatment as well so you can fully enjoy those cool fall evenings to come.

Organize the Garage 

This project will get you outside, but more importantly, will help you get your cars inside this winter. It's easy for the garage to become piled with lawn equipment, bikes, and beach toys from the summer. As HouseLogic states, there are countless organizational tools and tricks that you can use to tidy up the garage. While you're there, move any snow equipment to the front where it's easily accessible and take stock of what you have. That way, when the first "snow" in Georgia hits and the kids are ready to play, you will be too! And you won't have to rush to the hardware store before they run out of sleds!a

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Work Life Balance

Published: 8/31/2020

 

The real estate market doesn't take a holiday. Or a weekend. 

Between showing homes, sending out listings, and answering and responding to the endless calls and emails, it probably feels like you work non-stop. 

And for many real estate agents, that is true. A job that requires you to be on-call practically 24/7 makes it seem nearly impossible to obtain a work life balance. 

However, with a little intentionality and effort, it can be done. Don't believe us? Try a few of these tips and see if you find a few more minutes for yourself! 

Prioritize 

It may seem obvious to prioritize your to-do list, but what about prioritizing the different aspects of your life? According to Sara Caputo, author of the "The Productivity Puzzle", it's important to identify a "core four" of priorities for your life. Perhaps this is your work, family, and health; or perhaps it's your family, spiritual wellbeing, and recreational time. Understand that these four won't be the same as everyone else's and they aren't supposed to be. A work-life balance should be based on your priorities and the things that are most important to you. Clarifying these aspects of your life will help you recognize where you are spending most of your time, and how you can re-allocate and re-dedicate some of that time to those factors that are most important. 

Organize 

It's hard to start positive habits when everything around is cluttered chaos. Spend some time organizing your work space and eliminate distractions. This is particularly true if you are working from home. With so many of us now spending more hours inside with the pandemic, it can be easy to end up typing away on the couch in your pajamas. However, it's important to set aside a dedicated work space that allows you to focus - and walk away. If your work space and recreational space become one and the same, it will be difficult to unplug and take the time away from work that you desire. 

Caputo also says it's important to create multiple to-do lists. Create a list of must-do items for the day, one for the week, and a running list of things upcoming in the future. This will help you itemize tasks that need to get done and ensure that they do in fact get done, but in a timely fashion. It's important to not spend hours doing a task that can be done a week from now, ignoring those that are more time sensitive. You can also consider adding in your personal to-do's - like family time and workouts - into these lists. 

Unplug 

While technology is where we spend most of our work life and allows us to stay connected to our clients, it could also be a main point of stress in our lives. According to Harvard psychology professor Robert Brooks, notifications from your phone inject "an undercurrent of stress" into your life when they're popping up in your off time. That's why it's incredibly important to unplug, and allow yourself time away from your technology, and giving yourself an "off-call" moment. Set aside a designated time to walk away from work, and set your "do not disturb" setting on if needed. 

Caputo also suggests creating a "power hour" in your schedule once or twice a week. During this time, turn off your notifications and be unavailable to clients to allow yourself full concentration on your work. This allows you to think deeply about tasks that are more time-consuming and challenging. She also suggests setting timers during this time if you have multiple tasks to complete, as people often work more efficiently under pressure. 

Be Kind to Yourself 

Deciding today that you want a better work-life balance and trying to achieve it all by 5 p.m. tomorrow simply isn't realistic. Just as we often abandon our New Year's resolutions by February, we have to give ourselves time and be patient with ourselves when making a life change. Identify one or two areas in which you want to improve, be it more family time, or waking up earlier to allow more work time. Then, build these aspects in gradually. Realize and accept that major life changes can't happen overnight. However, with patience and time, you can obtain the work-life balance you desire.  

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The Power of Attorney - A Legal Stand-In

Published: 8/2/2020



Heading on vacation during your closing? Have a medical procedure scheduled and know you won't make it in to sign? Work sending you out on a last-minute business trip?

If you're in any of these scenarios, you're probably worried about what you're going to do about signing at closing. 

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Mid-Year Market Update - Positive Signs for Real Estate

Published: 5/31/2020



With all that 2020 has thrown at us, it is hard to believe that we are already nearly halfway through the year. As states begin to reopen in a corona-virus world, and people begin to feel somewhat safer to return to "normal," the housing market is changing too.

Of course, the pandemic has greatly affected the housing buying market as states quarantined in April, and according to the National Association of Realtors' (NAR) Pending Home Sales Index, contract signings fell 21 percent in April. This will likely lead to a significant decrease to closed sales in May, said Lawrence Yun, NAR's Chief Economist.

However, experts are seeing some positive trends, and have a more positive outlook for the summer. Forbes reported that Realtor.com's weekly housing report has several highlights for the market including only a 20 percent decrease in new listings May 23, as opposed to a 28 percent decrease the week prior. Median listing prices have also "regained momentum" and growth is reaching pre-COVID levels.

In addition to these positive indicators, the number of mortgage applications have also increased, according to the NAR. This will likely come at no surprise given the shockingly low mortgage rates. Freddie Mac reported that the average 30-year fixed-rate mortgage for the week of May 29 was 3.15% - the lowest in their records for 50 years. Rates for a 15-year fixed-rate mortgage also fell, averaging 2.62% last week.

"These unprecedented rates have certainly made an impact, as purchase demand rebounded from a 35% year-over-year decline in mid-April to an 8 percent increase of last week - a remarkable turnaround given the sharp contraction in economic activity," Freddie Mac's chief economist Sam Khater told the NAR.

Finally, buyer activity is also giving hope for the a rebound in the market. Redfin data, reported by Forbes, shows that buyer demand is leading to more bidding wars where inventory is limited. According to the report, 41 percent of homes received multiple offers from late April to May, as opposed to just 15 percent of homes at the same time last year. "In the coming months, buying activity will rise as states reopen and more consumers feel comfortable about home buying in the midst of social distancing measures," Lawrence Yun said.

While this summer season may look different in terms of vacations and social gatherings, signs are pointing to a still bustling summer real estate market!

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Mini Movers - Helping Children Face their Summer Move

Published: 5/3/2020


Summer vacation is looking a little different and many schools are bringing classes to a close; however, the summer season is still on the way. Despite the challenges faced by the corona virus, this time remains popular in the housing market, and many families are looking at packing up and moving to a new home.

While parents may be excited about the new possibilities a new house offers, some children may be feeling sad to leave their friends and comforts of home behind, especially while social distancing. It's important for parents to prepare their children for a change, and even real estate agents can help play a part in getting kids ready for the transition.

One of the most important things to remember when moving with kids is to communicate. Involving them in the process and keeping them updated will help them to better understand what is happening. Young children may not understand the reasons for moving such as a new job or a larger home; it's easy for them to focus on what all they will no longer have.

Instead, show them what all the new home has to offer, whether that be a bigger bedroom, a fun basement, a pool, or a big backyard. While touring homes in person may not always be an option right now, virtual tours are increasingly popular, and still a great way too allow children to visualize and get excited about their new home.

In addition to preparing them for their new house, do some research and explore your future neighborhood with your child. Explain the new options they will have at their new school, tell them about any sports teams or hobbies near your home that they can join, and show them other interesting and fun activities that you can explore on a map. With many schools turning to digital learning in the last few months, check out your school's website and social media pages to find videos of the school that you can share with your child.

It's of course important to prepare your children for their new future neighborhood, but don't forget to say goodbye to the old one. Consider throwing a "going-away party" for your home to look back on the memories you made there and commemorate your time. Letters are a great way for children to communicate with their friends in these times of social-distancing, as well. Before you leave, make sure to get contact information from friends so they can keep in touch.

On moving day, despite the chaos that is likely all around, do your best to remain positive and excited for your child. Pack a personal belongings bag for each family member, and allow your child to pick 2 to 3 of their favorite toys to keep with them for the first night in the new home. Think about other ways to make moving day exciting as well, such as camping out in the living room for the first night, or surprising them with a new toy or item in their bedroom.

As with many things, your attitude can make or break the transition of moving for your child. If you remain positive and approach the move as an exciting new adventure, your kid will do the same. It's okay to express the emotions you feel about leaving your old home, but always stay positive when preparing for the new neighborhood. An uplifting attitude can make all the difference, and soon your child will be playing with new friends and loving their new home in no time.

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Helping your pet move

Published: 3/1/2020



There's a lot to think about when you're moving - packing everything up, adjusting your finances, signing and filing paperwork . . . the list goes on and on.
Though there's a lot happening, you know where you're headed and what's to come - but that may not be true for everyone in your household.

Your furry friends may get a clue that something's changing when all the boxes are piled up, but they have no idea what's in store when your moving.

For those who have one (or two, or three), pets are an important part of our lives. For many, a pet becomes part of the family. So when you're moving, it's important to think about how you can help this important family member. You may not be able to sit down and talk to them about what to expect, but there are a few things you can do to help make the transition a smooth one.

Packing Plan 

A house that's being prepped for a move can get hectic. Boxes are everywhere, and nothing is where it's supposed to be. To help your pet, and especially cats, with this transition, the ASPCA recommends bringing moving boxes in as early as you can so that you pet gets used to the change. Also try to keep your pet in a familiar room in the house that will be packed up last. This will ensure that your furry friends can stay in a comfortable space where they don't feel stressed.

Moving Day

Be sure that you have a plan for your pet on moving day. While boxes are being loaded and people are going in and out, keep your pet in a quiet room with the door closed. This will ensure the most calming environment possible, and will also assure that your pet will not escape. You can also think about dropping your pet off at "doggy day care" or boarding them with your veterinarian or a friend.
If you pet will need to travel in a carrier or crate to be transported to their new home, the New York Times recommends introducing the crate as early as possible. Leave the crate open in your home for a few days before moving day, and place food or treats near and in the crate to encourage your pet to test out their new space. You may want to consider even taking your pet on a short trip in the carrier if you anticipate a long travel time to your new home.

Settling In 

It's easy to want to relax right after the move is over and call it a day, but the first few hours in a new home are crucial for your pets. Remember, you may have seen this space before, but they haven't. There's a whole new world for your furry friend to explore, and it can be pretty overwhelming if you throw them in all at once.
It's important to set up a space that is just for your pet. Realtor.com recommends creating a "safe room" wth all of their favorite items, including food and water, where your pet can stay for the first few hours or days of the move. As you see them become more comfortable and return to their regular behavior, they can be set loose to explore more of their new domain. When creating this safe space, be sure that their favorite items haven't been washed - smells are crucial for pets and can create a sense of calm in unfamiliar territory. Also try to set up the ret of your home in a similar pattern as the old one, so your pets can easily adjust to their new space.

Moving with your pets can take some patience and a few extra steps, but with a little extra love, they'll be playing fetch and cuddling with you in their new home in no time!

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Tax Time - Homestead Exemption

Published: 2/18/2020

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Decade Determination

Published: 12/30/2019



2020 not only brings a new year, but a new decade. There's of course no way to know exactly what the next decade will bring, but real estate experts have made their predictions for what the housing market could look like in this next year -

Mortgage Median

Mortgage rates are expected to stay at their low rate for most of 2020, according to Forbes and data from Freddie Mac. Current rates are at 3.75% and are expected to remain between 3.7% and 3.9%. Realtor.com's 2020 Housing Report supports this, predicting that the year will end with rates at 3.88%.
Ben Lane with HousingWire says this rate will make 2020 a popular year for refinancing.
In 2019, reports showed that it was the best year for refis since 2016, and Freddie Mac experts are predicting $834 billion in refinance originations in 2020.
The low rates will benefit home buyers as well, with Freddie Mac predicting $1.299 trillion in purchase originations to start the new decade. Sean Hundtofte, with chief economist with lender Better.com, told Forbes this will allow homebuyers to "be able to afford more house than they would have otherwise."


Price Point 

According to chief economist at Realtor.com Danielle Hale, price will be the major selling point for 2020.
"Many people would prefer to live in the San Fransiscos and other big cities, but for the right price they will make the decision to go to another city," she said.
Forbes says home prices are expected to rise because of inventory shortages and high demand. Experts are predicting prices to raise 5.6% by September of 2020, and the lower-end of price ranges will be hit hardest due to lack of new starter homes.
Ralph DeFranco, chief economist for Archer AMI told Forbes, "low interest rates and a shortage of starter homes will continue to push up prices. This is especially the case for lower price points, since builders have tended to focus on more expensive, higher-profit houses and less on replenishing low inventories of entry-level homes."

Millennial Movers 

A large portion of millennials will be turning 30 in 2020 - the prime age to buy a first home, according to Realtor.com, and the oldest millennial will be turning only 39. Therefore, this generation will dominate the market.
According to Hale, millennials will hold more than 50% of mortgages by mid-2020, and despite the belief that the generation doesn't want to settle down, many are at the age where they have started having families and are ready to establish roots.
However, these potential buyers will face many difficulties, as older generations are choosing to remain in place, keeping many homes off the market.
This is pushing millennials to "Hipsturbia," according to Forbes. These young homebuyers are looking to suburban markets outside of major cities that offer live-work-play neighborhoods and walkability to many amenities.

Look Locally 

While it's important to look at market predictions across a national level, Caroline Feeney with Forbes reminds agents to focus on the local picture. Geography, affordability, jobs, and others are all nuanced factors that play a role in a local market.
George Ratiu, chief economist for realtor.com, told Feeney that 2020 will bring a lot more "differentiation between various markets."
In Atlanta, forecasts show a split down the middle between the city and the surrounding metro area as millennials flock to "Hipsturbia." This split will see lots of activity and growth in lower price points, and "softer price points driven by weaker demand and the affordability ceiling at the higher end." According to Forbes, Atlanta is predicted to see home values in the bottom tier raising 10%, while raising just 2.1% in the top tier.

Again, you can never be certain of what the new year will bring - but we can be sure to see many changes in real estate in 2020 and the following decade. Be sure to keep your eyes on local markets and follow us here at Perrie & Associates as we share the latest news and trends! Here's to a wonderful new year of growth!

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(New) Home for the Holidays

Published: 12/10/2019




We all know the holiday season is busy. Between office parties, school functions, and shopping for friends and family, it seems like there's always something to do. If you're moving during this time of the year . . . well, you're probably debating if this really is the "most wonderful time of the year."

But not to worry! In addition to having a new home for the holidays, there are a few things you can do to add some cheer and have a stress-free winter move!

Give the Gift of Movers (Or at least some help) 

Holidays are not only a busy time, but it's also a costly time of year. However, the experts at Realtor.com say: splurge on a moving company. While it will increase your moving expenses, it can save you the stress of making multiple trips - allowing you more time to focus on holidays festivities. Maybe cut back on gifts for others (or yourself), and give yourself the gift of time and extra help for a stress-free move.
If movers just aren't in the budget, think about having a "holiday helping party" and recruiting a few friends or family members to help. They can consider it their gift to you this year!

Timing

Winter isn't peak moving season, which has it's benefits; however, the holiday season is one the busiest travel times of the year. Consider this when planning your move.
According to Moving.com, one of the busiest shopping days (and therefore traffic days) is "Super Saturday," or the Saturday before Christmas. Weekends are also of course going to be traffic-filled as people make their way to the stores, and you can expect lots of travel on the week before Christmas. So, if you can, try to book a weekday move. This can reduce the amount of time it takes for you to move, as well as reduce road rage on top of moving stress.
In addition to booking a weekday move, Realtor.com says don't forget to ask for a holiday discount. Because it's not peak season, moving companies may be feeling the holiday spirit!

Donate

Speaking of the holiday spirit, moving is a great time to donate some of your unused or unwanted items. As you are packing, start trying to trim down on you possessions, and create separate boxes or bags for items you can donate. Goodwill, Habitat for Humanity, and the Salvation Army can be contacted to come collect your items. Pairing down your belongings will help eliminate a few boxes that you would otherwise have to move, and it's a wonderful thing to do at this time of year!

Family Matters

If you're moving with family and school-aged children, getting used to a new school and environment in the middle of the school year can be difficult. Help them during this time by preparing all of their education documents included transcripts, report cards, immunization records, and test reports. Contact your child's old school to ensure that documents will get transferred to the new school, and what, if anything, you need to bring to your child's new school. Also work with your child to get to know their new school as much as possible before the bell rings in January.
If you're normally the host of the holiday family gathering, consider taking a rain check for this year. Moving on it's own is stressful - let alone trying to move and set up and decorate a new home to be ready for guests. Ask if another family member can host this year, and next year you can show off your new home!

Trim the Tree

It's hard to feel the holiday spirit in an empty new house. But it's also hard to decorate a brand new home while you're also trying to unpack. You don't have to forgo decorations though, just pack accordingly! While you're boxing up your things, pack your holiday decorations last, and move them in first. Be sure they are labeled, and you can take them directly into the living room to give your new house that holiday feel. If you're someone who goes all-out with holiday decorations, maybe consider scaling it back a bit this year and just use some of your favorites.

Moving during the holidays can be daunting, but it will also be worth it. You will be celebrating a magical time of year in a new home, and you'll have a fabulous fresh start for the new year! 

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Plenty to Be Thankful For

Published: 11/26/2019



For many, Thanksgiving is a time for family, friends, and good food. However, Thanksgiving is also a time of reflection as we take time to recognize all that we have and all that we are thankful for.

Though the holiday season can get busy quickly, the Perrie & Associates staff took time to pause and reflect on what we are thankful for -


Stephanie Chandler

I am thankful for the love and support of my family, and I'm thankful for the gift of another day. I'm also thankful that I am able to still fit into my clothes after the array of food and desserts that were brought into the office this year! :)

Stacie Upchurch 

I am thankful for my faith, for my family, for my husband, my health, for this great country that so many have fought for, for the beautiful home I live in, and most importantly - all of the love that fills it. I am also very grateful for being privileged enough to have spent that last year 8 plus years working at P&A and getting to spend every day doing what I love. My teammates that comprise my work family and the amazing clients we serve make my days so rewarding. Whenever I encounter a struggle or a challenging situation, all I have to do is look around me and I will always find the support I need to navigate the terrain. Happy Thanksgiving!

Sherynda Patrick 

I am thankful to be a mom to such a wonderful daughter, and I am thankful for my work family!

Cheryl Ethridge-Morton 

I'm grateful for family and friends (both two-legged and four-legged) and the love they share!

Emily Selby 

This year I am grateful for new opportunities and the support I have received from my family and friends. I am also thankful for my incredible fiance who inspires me and has shown me more love, encouragement, and support than I could imagine. I'm thankful for those who make me laugh each day and for a bright future ahead!

Stephanie Lee 

I am so very thankful for God's blessings! This has been a troublesome year for my family, yet we are safe and healthy. I am also thankful to continue my career here at Perrie & Associates with the ability to progress and learn new areas of law.

David Perrie 

I am thankful for the wonderful people who work at our firm and that are so passionate about the success we have enjoyed and making sure that our clients know how much we value their support. I am also thankful for my family and to live in this great country!

Jennifer Compton

This year I am especially thankful for the health of my family. I'm thankful that we live close enough that I'll be able to spend Thanksgiving with my parents, siblings, and their kids. All 32 of us in one space is . . . a lot - but I wouldn't change it for the world, and I'll be hugging each and every one of them and telling them I love them!

Christine Bersani 

This year I am thankful for my beautiful family, friends, Perrie & Associates, and not having to shovel snow anymore! I am already looking forward to an awesome 2020 and what it has in store! :)

Brett LeFevre 

I'm thankful for my co-workers and the opportunity to spend time with friends and family that I don't see very often throughout the year.

Spencer Knott 

I'm thankful for our firm's revised turkey policy. Gravy can easily be washed out of closing documents, and I still don't think a one-time incident should ruin it for everyone else!

Brad Raymer 

I am thankful for God, family, and freedom in this blessed country. I am also thankful for this wonderful group of people with whom I work.

Linda May 

Every day I open my eyes and thank God for my health, my family, my friends, and my job at Perrie. It gives me purpose and an opportunity to give back to my community as well as to my agent and lender friends. It also gives me the chance to work with some of the finest people in this business that have the skills and caring to go the extra mile to help people and show what they are made of. I am so proud of this firm I could pop! I love you guys!

Gayle Willingham 

I am thankful for my God, health, family and friends. This year has been a hard year with some health issues, and I am thankful that I am healthy again. We sometimes take our health for granted, but if we have our health, we can enjoy life with our family and friends. I am thankful to live in the USA and enjoy the life of the Brave and the Free. God bless each one of you this Thanksgiving Season!

Gabriela Pacheco 

I am thankful for the love and support of my friends this year. Friends are just the family you pick.

Dawn Hinton

I am thankful for the people in my life who encourage me to be a better person.

David Phillips 

I am thankful for my family, my friends, and my health. I hope that 2020 brings on a new year of positive vibes and amazing adventures!