West Village Smart Office’s Grand Opening a Great Success

Peterse Ptners Open House 2014_0024-EditPetersen Partners of Berkshire Hathaway HomeServices celebrated the grand opening of their new smart office in West Village last week.

Door prizes were given away every fifteen minutes. Prizes included gift cards to West Village restaurants like McCray’s Tavern, Jose’s Not Here, and Five Guys Burgers as well as goodie bags from West Village’s Starbucks. Other lucky winners received gift cards courtesy of State Farm Insurance, HSA Home Warranty, HomeServices Lending, and Weissman, Nowack, Curry & Wilco, Attorneys at Law. The grand prize was a roof cleaning courtesy of Abigail Clean Roof.

Visitors were treated to refreshments courtesy of Smyrna’s Smallcakes Cupcakery. All visitors also received a custom painted pumpkin.

“The evening was a great success. We thoroughly enjoyed the opportunity to visit with so many clients, friends and many of our new West Village neighbors,” reports Dan Petersen, who owns Petersen Partners in partnership with his wife, Jill. “We are especially grateful for the warm welcome we’ve received from other businesses and homeowners in the neighborhood. We’re thrilled to be located in such a vibrant community and we look forward to participating in more community events in the future.”

The newly renovated space is the newest addition to the West Village community. It is described as a smart office space because it employs state-of-the-art innovations in technology like the high-tech touch screen kiosk found at its storefront. Petersen explains, “Our office was designed with the client in mind. It’s a very welcoming space that’s conveniently located in the heart of the Smyrna-Vinings area. It’s also a very efficient space, where we are able to use the latest technology and marketing tools to better connect with our clients and take the real estate experience to the next level.”

You can view more pictures of the new office and the event on Facebook. To learn more about the businesses, homes, and events in the West Village community, visit www.WestVillageSmyrna.com.

The Petersen Partners team is the #1 team for Berkshire Hathaway HomeServices Georgia Properties. To learn more about the award-winning team and Berkshire Hathaway HomeServices, visit www.petersenpartners.com.

New Smart Office Opens in West Village!

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Petersen Partners of Berkshire Hathaway HomeServices celebrates the grand opening of its new West Village office. Please stop by for a tour and to enjoy refreshments and door prizes.

October 23, 2014
5pm – 7pm

4500 West Village Place
Suite 1013
Smyrna, GA 30080

The Berkshire Hathaway HomeServices Office is the newest addition to the exciting West Village community. The stylishly designed space employs state-of-the-art innovations in technology to provide clients with greater access to the latest local real estate information. A high-tech touch screen storefront kiosk is just one of the cutting edge marketing tools introduced in the smart space.

“We’re excited to have such an inviting space that’s so conveniently located right in the heart of Smyrna and Vinings,” said Jill Petersen, owner of Petersen Partners. “Our new smart office is designed to be highly efficient and allow us to better connect with our clients. Our first priority is always to provide the highest level of professionalism and experience possible. This new office is really going to help us take local real estate to the next level.”

The Petersen Partners team is the #1 team for Berkshire Hathaway HomeServices Georgia Properties. To learn more about the award-winning team and Berkshire Hathaway HomeServices, please visit www.petersenpartners.com.

Introducing a Better Home Value Estimate Tool

Berkshire Hathaway HomeServices Georgia Properties is introducing a new feature that allows consumers to enter an address to “click and see” local home value estimates.  The estimates are free and do not require registration.  The company is also introducing a new market trends report called Market Watch (based on MLS data) and a new Interactive AVM (Automated Valuation Model) report which is the same report used by lenders to estimate home values for mortgages.

“It is clear that consumers want to see home value estimates and we are pleased to be the first brokerage in Metro Atlanta to provide these innovative new solutions,” said Dan Forsman, president & CEO of Berkshire Hathaway HomeServices Georgia Properties.  “Real estate is local.  We have the advantage of proprietary MLS data, exclusive analytics tools and unique insight from our 1200 local experts.  These powerful new tools will bring significant advantages that benefit our clients and our agents.  And we are just getting started!  Look for more exciting announcements very soon.”

Home values estimates have become popular on national real estate websites like Zillow.com, Trulia.com and Realtor.com.  The accuracy of these estimates is very mixed as the data is primarily based on tax records.  The home value estimates provided by Berkshire Hathaway HomeServices Georgia Properties are powered by Collateral Analytics which has been rated as one of the most accurate sources by the lending industry.  The report shows a value estimate, value range plus other data from tax records such as last sale price and date, comparable properties and local market trends. You can check out your home’s value here.

View Market Trends Including The Latest MLS Data

The Market Watch report includes local MLS data for a more accurate perspective of local market trends.  If a property was sold yesterday, it would be reflected in this report as opposed to reports based on tax records which may take weeks or months to update.  To view a Market Watch report, consumers can register for a free My Home Finder account.  Only member brokerages and their registered clients can get access to local MLS data.

Get Report Used By Lenders To Qualify Mortgages

 The new Interactive AVM (Automated Valuation Model) report is the same report used by lenders to estimate home values for mortgage loans.  The I-AVM allows the agent to adjust comps and other factors for a more accurate value estimate.  This powerful tool can combine MLS data, tax records and the unique insight from the local agent.  The I-AVM is only available from your Berkshire Hathaway HomeServices Georgia Properties agent.

Just visit our website or contact us at info@petersenpartners.com to learn how to take advantage of these new innovations that provide better information about real estate.  Better information leads to better decisions!  If you or someone you know are considering moving, contact us to learn about our Advanced Property Marketing System – the most effective approach to selling your home for the highest value.

Metro Atlanta Real Estate Update for October

  • Closings for Metro Atlanta in August were down 16.9% compared to last month and down 2.5% compared to the previous year.  This reflects the normal seasonal slowing for the fall.
    Click here for a detailed report.
  • The Metro Atlanta market is 50 units ahead of 2013 closings.  If you exclude the heavy volumes of investors buying properties under $100,000 last year, the market above $100,000 is actually up 3084 units compared to 2013.  The largest segment is $200k – $500k.
  • The average sales price was $253,000 in September versus $256,000 in August.  The average closed sale price for the full year was $250,000 which was up 42% from the bottom of 2011.
  • Listed inventory was down .3% from last month and up 18.2% compared to last year.  Inventory is up 50% from the recent bottom of February 2013.  But the limited availability of highly desirable properties in select markets is still driving multiple offers and very quick sales. Remember, real estate is local and markets are different.
  • Months of supply is 5.2 months versus 4.4 last month.  Six months is considered normal.
  • New Homes are making a comeback.  The problem is that many builders cannot build them fast enough!  At the peak of 2006, we were building over 60,000 new homes per year.  Today, we are on pace to build around 18,000 new homes in 2014 and we expect to get to the 20,000 unit run rate by 2015.  Click here to view new home communities.

We are providing this data to keep you informed about the latest trends and issues in the real estate market.  Remember that real estate is local and every market is different.  Contact us at info@petersenpartners.com to find out exactly what is happening in your local area.  Better information helps our clients make better real estate decisions!