Franklin (Franklin, TN)
Franklin (Franklin, TN) Real Estate News
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What Buyers Expect in a Franklin TN Home
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

The housing market in Franklin TN is booming. While this may be true, home buyers are much more discriminating than in years past. Many want their new home to be move-in ready. Sellers who have taken the necessary steps in preparing their home for sale are at an advantage. Those homes sell quickly close to asking price.

What Buyers Expect in a Franklin TN HomeHere's what buyers expect in a Franklin TN home:

  1. Hardwood floors
  2. Granite countertops
  3. Stainless steel appliances
  4. Designer paint colors
  5. Updated baths
  6. Freshly painted
  7. New carpets
  8. Newer roofs
  9. Newer HVAC units
  10. A clean well-kept house

There are currently 41 active home listings on the market in Franklin priced between $300,000 to $350,000. Of that 41, 21 have already gone under contract. I only included existing homes, no new construction is included for the purposes of this analysis. These homes went under contract in an average of 35 days; the lowest being 5 days, the highest being 137 days. That listing with 137 days really skewed the average.

Of the 21 homes under contract, here's what I discovered:

  • 50% had granite countertops
  • 81% had hardwood floors
  • 57% had stainless steel appliances
  • 57% had designer paint colors
  • 50% had updated baths

The remaining 20 homes that have not gone under contract do not have these updates and have already been on the market an average of 62 days. Don't be fooled into thinking that you don't need to make improvements to your home because of Franklin's limited inventory. Buyers are prepared to wait until the right home comes on the market and are even willing to compete for those homes than have to make improvements.

When you are ready to sell your Franklin TN home, contact me at (615) 495-0752. Last year, 83% of my business was with Franklin TN home buyers. I know what buyers expect in a Franklin TN home and how to help you prepare your home to sell for top dollar.

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
Don't Panic! There's Still Time to Find a Franklin TN Home
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

Don't Panic! There's Still Time to Find a Franklin TN Home

Don't Panic There's Still Time to Find a Franklin TN HomeThe Franklin TN housing market is red hot right now. Homes that are priced right and in good condition are going under contract the first day on the market. Home buyers are frustrated because they're worried they're not going to find the right house within their time frame.

Last week, I had a client who asked to see a condo that didn't meet any of the parameters he had given me. He is in a rental and doesn't have to be out until the end of July but was concerned nothing in his target neighborhood would come up.

I had already talked him down from other properties but when this condo hit the market, he wanted to see it immediately. I made that happen and he chose to write an offer which did end up being accepted. Over the weekend, three additional houses came on the market that were a much better fit for this client. Unfortunately, he is already under contract. 

While it's important to act quickly as homes come on the market, don't jump all over the place trying to find a home. Once you've communicated the criteria to your agent and looked at everything that's currently available, wait to see what happens. Especially, if you have ample time to find a home. Don't make the mistake of settling for a house.

No home will be completely perfect. However, if you are looking for a house that is less than 10 years old and one comes on the market that was built in 1950, that house probably isn't going to work anyway. Don't think you have to go look at the house or even possibly write an offer because of the lack of inventory. 

The housing market is constantly changing. Houses come on the market everyday. Be sure to listen to the advice of your real estate agent. Don't be tempted to run out and look at everything under the sun. As you get closer to your projected move date, ask your agent to make suggestions. Maybe there are neighborhoods that would be a good fit a little further out from your target area.

When you are ready to buy a Franklin TN home, call Tammie White at (615) 495-0752.

In the meantime, don't panic! There's still time to find a Franklin TN home.

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
Franklin's Annual Main Street Festival
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

Franklin's Annual Main Street FestivalHistoric downtown Franklin’s annual Main Street Festival will is April 26-27, 2014! This two-day event features more than 200 artisans and crafters, two kids’ areas, an international food court and three stages.

The free street festival begins Saturday, from 10 a.m. to 7 p.m. The Fourth Avenue street dance continues until 10 p.m. Saturday night.  Activities will re-open Sunday, noon to 6 p.m.

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
Do You Want Quantity or Quality?
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

Do You Want Quantity or Quality?On Wednesday, I received a call from a woman moving to our area. I was with a client writing an offer and, of course, I let the call go to voice mail. After completing the offer and sending my client on his way, I returned the call. This time my call went to the woman's voice mail. My first thought was that she'd already connected with another agent. I left a message.

Yesterday, that woman returned my call to tell me that she had connected with another agent. She went on to say that this agent had a large team and 5 buyer's agents working for him. He seemed very knowledgeable about the area but he was not going to be the agent taking her around. One of his agents would be doing that. This team is currently working with 72 buyers. She asked how many buyers I am working with. 

While I am working with several buyers right now, I'm not working with anything like 72. As a matter of fact, 15 is probably my max at one time. Especially, given Franklin's limited inventory.

We talked for a little while and had a very good conversation. It was my opportunity to prove my worth. Today this woman called me and decided to cancel the appointment with the other agent and use me instead. She said it came down to quantity versus quality. While the other agent seemed to be doing a larger quantity of work, she felt that the quality of work that I offered was more important to her.

I was so happy to finally hear these words from a buyer. She recognized that having the largest number of transactions doesn't necessarily make that agent the best one to work with.

Being an out-of-state buyer, she realizes she may not find a home while here and might be forced to writing an offer on a house sight unseen. She liked that I would be available to Skype showings or send videos of possible properties. She wasn't sure she'd get that kind of service from an agent working with so many buyers. This is a real concern for buyers in the Franklin area right now.

Properties are going under contract the first day on the market. Buyers working with agents who have a large volume of clients may not be able to take a buyer out to see a new listing before it goes under contract. I alert buyers the same day new homes come on the market. That way, they can clear their schedule to look at it right away. In this market, that can make all the difference in finding a home.

Only you can decide--do you want quantity or quality?

When you are ready to buy a Franklin TN home, choose the agent who will provide you with the quality you desire. Call Tammie White at (615) 495-0752.

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
Franklin TN Home Sales Market Report for March 2014
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

Franklin TN Home Sales Market Report for March 2014:

  • Franklin TN Home Sales Market Report for March 2014Properties currently Active on the market: 761
  • Single-family properties closed in March 2014: 150
  • Average sales price: $471,387
  • Average list price: $481,066
  • Average sales price to list price ratio: 98%
  • Average days on the market: 71
  • Franklin TN absorption rate: 5 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)

Franklin TN home sales market report for March 2014 reflect a steady or normal market for sellers with just 5 months of inventory. Plus, homes are selling for 98% of list with 71 days on the market on average. That is low considering this is a reflection of every price point in Franklin. There hasn't been a better time since 2006 to sell your home.

With the low inventory Franklin TN is experiencing, selling your Franklin home should be easier than ever. However, buyers are very particular about the homes they are buying. Many expect homes that are 10 years old or more to have updates. If your Franklin home still has many of its original features, you may have difficulty selling.

A few updates such as granite counter tops and stainless steel appliances can really set your home apart. With 92% of buyers beginning their home search on the internet, you need your home to have the best coverage possible there. This goes way beyond just syndicating your home to other websites.

You want to make sure the photographs are professionally done showcasing the many features of your home. Then you want your home to stand out from the others in your neighborhood with a single-property website. Just click the link to be taken to one example of the ways TW Realty Group markets your home.

One of the best ways to bring attention to your Franklin home is to have an agent who is using the newest technology to get the word out about your home. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.

Also, check out our website. It's easy to see why it gets thousands of clicks each month. This provides your listing with exposure to home buyers all over the country.

When you are ready to sell your Franklin TN home, contact Tammie White at (615) 495-0752.

Selling your home? Franklin TN Home Sales Market report for March 2014 suggests you should.

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
Franklin TN Luxury Homes Market Report for March 2014
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

Franklin TN Luxury Homes Market Report for March 2014

Selling a Franklin TN luxury home? You should be prepared for a long road ahead. The Franklin TN luxury homes market report for March 2014 shows that buyers at this price point are few and far between.

Just look what the Luxury Home Sales reflect for March 2014:

  • Franklin TN Luxury Homes Market Report for March 2014Properties currently Active on the market:
  • Single-family properties closed in March 2014: 5
  • Average sales price: $1,513,000
  • Average list price: $1,607,980
  • Average sales price to list price ratio: 94.1%
  • Average days on the market: 67
  • Franklin TN Luxury Homes absorption rate: 19.2 months of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)

Franklin TN Luxury homes market report for March 2014 reflects a buyer's market. With a whopping 19.2 months of inventory remaining, sellers should expect their Franklin TN luxury home to remain on the market for quite some time.

Homes at this price range are only selling for 94.1% of list price suggesting their listing price is too high for the current market. For those who want to see their Franklin TN luxury homes sell quickly, pricing it right when it first comes on the market will be crucial.

Marketing your luxury home to buyers across the country will be an important part of achieving success in selling your home. With 92% of buyers beginning their home search on the internet, you need your home to have the best coverage possible. This goes far beyond just syndicating your home to other websites.

While the majority of luxury listing agents will have professional photographs taken, those photographs are of little value if buyers across the country don't see them. One of the best ways to bring attention to your Franklin TN luxury home is to have an agent who is using the newest technology to get the word out about your home. This includes the use of social media and blogging. Something not many listing agents in the Franklin housing market are doing.

For those hoping their house will stand out in the neighborhood, the use of a single-property website helps buyers quickly access information about your home while waiting to hear back from the luxury listing agent who is marketing a home down the street. This is just one of the ways TW Realty Group markets your home.

We have also made it extremely easy for Franklin TN luxury home buyers to find your home on our Luxury Homes webpage. It's easy to see why our website gets thousands of clicks each month. This provides your listing with exposure to home buyers all over the country.

When you are ready to sell your Franklin TN luxury home, contact Tammie White at (615) 495-0752.

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
Franklin TN Homes for Sale with In-Ground Pool
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

Search Franklin TN Homes for Sale with In-Ground Pool

Franklin TN Homes for Sale with In-Ground PoolsAs the temperatures grow warmer in Franklin TN, it's clear to see it's pool time again! Time to invite friends and family over for a barbeque at pool-side. A great way to spend good quality time.

Given Franklin TN's long summer season, homeowners can use a pool for 6 - 7 months. Sometimes even longer if it's heated or a moderately-priced heater is used.

There are clearly advantages and disadvantages to owning a home with an in-ground pool. It's a personal choice that buyers must carefully consider before making a home purchase.

When you are ready to buy a Franklin TN home with an in-ground pool, contact Tammie White at (615) 495-0752.

Search Franklin TN Homes for Sale with In-Ground Pool

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Tammie White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 495-0752 Direct
Email: Tammie@TWRealtyGroup.net
 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Benchmark Realty LLC. Any party who uses this material without the permission of Tammie White is subject to copyright infringement and possible lawsuit.
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