Franklin (Franklin, TN)
Franklin (Franklin, TN) Real Estate News
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.
Tomwhite
You've Got To Try Ellie's Old Fashioned Doughnuts in Franklin TN
Tom White, TW Realty Group, Franklin TN (Benchmark Realty, LLC)


doughnutsWarm, mouth wateringly delicious, slightly crunchy on the outside, scrumptious old fashioned doughnuts. Some are made with blueberries and are hand dipped in a maple flavored glaze. Some might be covered in a creamy chocolate coating. At certain times of the year, one might find pumpkin flavored doughnuts covered in cinnamon and sugar. They're always hot because they are made right there, in front of you.

Where can I find these delectable doughnuts??

 

Ellie's Old Fashioned Doughnuts are only available at the the Franklin TN Farmer's Market, behind The Factory at 230 Franklin, Road on Saturdays throughout the year beween 8 am and 1 pm. They make an occasional appearance at street fairs in the Franklin TN area. 

Owner Ellies DoughnutsWhile owner Danny Tassone has been operating his food truck since 2010, he says he has no plans to open a storefront doughnut shop. He may expand his business to an additional food truck to serve more Farmer's Markets in the Nashville area. What a treat that would be for those locations!

Ellie's Old Fashioned Doughnuts usually has the longest line at the Farmer's Market--which is always a good sign. His wood covered food truck is visible at the southern end of the Farmer's Market in Franklin TN. Check it out. What a delicious treat on a lazy Saturday morning!

 

Courtesy of Tom White with TW Realty Group at (615) 870-8169 www.TWRealtyGroup.net.


TW Realty Group
 
Tom White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 870-8169
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tom White of Benchmark Realty LLC. Any party who uses this material without the written permission of Tom White is subject to copyright infringement and possible lawsuit.
Tomwhite
Franklin TN Condo and Townhome Sales March 2014
Tom White, TW Realty Group, Franklin TN (Benchmark Realty, LLC)

Franklin TN condo and townhome sales for March 2014 continue to be extremely brisk. In March 2014 we saw the following:

  • aspengroveCondos and Townhomes currently on the market (as of 4/5/2014): 64 units
  • Of those units on the market, the number currently under contract: 21
  • Properties closed in March 2014: 37
  • Average Sales Price: $249,385
  • Average List Price: $251,630
  • Sales price to list price ratio: 99%
  • Average days on the market: 56
  • Sales currently pending: 44
  • Condo and Townhome absorption rate: 1.7 months (number of units on the market divided by the number of closings for that month) A normal or steady market would be 5-7 months; anything under 5 months would be considered a seller's market; anything over 7 months would be considered a buyer's market.

Franklin TN Condo and Townhome Sales for March 2014 reflect an extreme seller's market. The days on the market is low and the sales price to list price ratio is high. This is an excellent time for Condo and Townhome owners to list their Franklin TN home.

With 44 sales currently pending and 21 under contract, the absorption rate is very likely to stay extremely low in the next month. This will continue to create strong competition among buyers for the homes on the market.

In this market, buyers should be prepared to act quickly when considering the purchase of a Condo or Townhome in Franklin TN. Buyers should have the assistance of an experienced buyer's agent to guide them through the steps necessary to purchase the home they desire. Let TW Realty Group provide that assistance.

If you are interested in buying or selling a Franklin TN Condo or Townhome contact Tom White of TW Realty Group at (615) 870-8169.


TW Realty Group
 
Tom White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 870-8169
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tom White of Benchmark Realty LLC. Any party who uses this material without the written permission of Tom White is subject to copyright infringement and possible lawsuit.
Tammiewhite2
How to Determine Price When Making an Offer to Buy a Franklin TN Home
Tammie White, TW Realty Group, Franklin TN (Benchmark Realty, LLC (615) 495-0752 or www.TWRealtyGroup.net)

How to Determine Price When Making an Offer to Buy a Franklin TN homeFranklin TN home buyers are growing increasingly frustrated. Homes are coming on the market and going under contract within a day or two. Homes priced right and in good condition are getting multiple offers and the competition is fierce.

Buyers are wondering how to determine price when making an offer to buy a Franklin TN home?

It's important to remember the basic principles of supply and demand. When inventory is low and demand high, home prices will rise. When inventory is high and demand low, home prices will drop.

With that in mind, the following tips will help you when making an offer to buy a Franklin TN home:

  • Hire a Buyer's Agent to Represent Your Interest - Many buyers believe if they approach the listing agent, they'll have a better chance of buying a Franklin TN home. The reality is the listing agent represents the seller. It is his job to get the best price for the seller. The listing agent's commission has been determined prior to ever putting the seller's home on the market. That percentage is usually between 6 and 7% which the listing agent agrees to split with a buyer's agent. If there is no buyer's agent, the listing agent gets to keep that entire commission for himself. The most important thing to remember is a buyer's agent will represent your interest, not the seller's or the listing agent's.
  • Determine Market Conditions - Are you in a seller's market, a buyer's market or a steady market? If you're making an offer in a buyer's market, sellers will be more receptive to your offer because fewer buyers will be vying for their home. If you're in a seller's market, you will have lots of competition. More buyers will be interested in a seller's home and he may be less negotiable on the price. You may even be in a multiple bid situation where the seller has more than one offer to consider. In these cases, you should make your first offer as attractive as possible because you may not get a second chance.
  • Determine Comparable Sales - When looking at comparable home sales, you want to make sure you are using homes in the same neighborhood with a similar size, age and amenities. Use data from the most recent home sales. Sales from six months earlier, may have been during different market conditions. Don't look at any home sales beyond six months because appraisers won't.
  • Determine List-Price-to-Sales-Price Ratio - Your real estate agent should be able to provide you will a list of recently sold homes. When you compare the sales price to the list price, what percentage of that list price are homes selling? Are they selling over list price or under list price? If under, what percentage under list? For example, if the list price of a home is $300,000 and it sells for $297,000, then that home sold for 99% of list price or 1% below list.
  • Determine Square Footage Cost Averages - There may be times when there isn't a home of similar size for your comparable. When this occurs you can use square footage cost averages to determine an offer price. Keep in mind that the square footage price will be higher on smaller homes and lower on bigger homes.
  • Determine Days on Market and Listing History - Your real estate agent will be able to pull this information for you and let you know how many days the home has been on the market or if it has been previously listed. Homes that have been on the market for over 30 days or previously listed, may be more negotiable in price. Don't make the mistake of looking at history from two years ago to determine price. A home may have been previously listed during different market conditions. However, some agents are known to re-list homes every 30 days so the days on the market remain low. Your agent will be able to see this in the listing history if that is the case.

Making an Offer on a Franklin TN HomeWhen you are making an offer to buy a Franklin TN home, the advice of your Buyer's Agent will be a valuable asset to aid you in the process. Don't discount the expertise they bring. He/she is there to represent your best interest and help you secure the best home for you at the best price and terms.

When you are ready to buy a 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.
Tomwhite
Franklin TN Puckett's Grocery and Restaurant, Comfort Food At Its Best
Tom White, TW Realty Group, Franklin TN (Benchmark Realty, LLC)

Franklin TN Puckett's Grocery and Restaurant Comfort Food at Its BestIn the middle of Historic Downtown Franklin TN sits a gem of a country style restaurant. When I say "country style" I mean the sort of place where their delicious macaroni and cheese is one of their vegetable side options! They serve up Southern Style "comfort food" for the local residents and the many visitors who travel to Franklin TN looking for something authentically Tennessee. If that's what you're looking for, this is the place!

The Puckett family started their business in the 1950's in nearby Leiper's Fork. That location was primarily a small country grocery store, but they found after a number of years that folks living nearby were very interested in their home cooked meals. In the mid 1990's a local man, Andy Marshall, who loved both the food and the music possibilities purchased Puckett's Grocery and Restaurant.

Fast forward to 2004, and the business was expanded to Marshall's hometown, Historic Downtown Franklin. Located at 120 Fourth Avenue South, this venue is set up as a restaurant offering live entertainment. Both the food and the music are top notch!

Franklin TN Puckett's Grocery Comfort Food at It's BestThe food options are simply fabulous. My all time favorite is their Southern Style barbecue pulled pork served on a Cajun Cake with sweet potato fries, cole slaw and sweet tea. Wow! Their cobbler with ice cream is simply amazing. I'm getting hungry just thinking about it!

In the past few years Puckett's has expanded to locations in Downtown Nashville and in nearby Columbia TN. In 2012, they opened a new restaurant called Puckett's Boat House in Franklin specializing in seafood. 

If you want an authentic Tennessee food experience, try Puckett's Grocery and Restaurant in Franklin TN!

Courtesy of Tom White TW Realty Group Franklin TN (615) 870-8169 or www.TWRealtyGroup.net.


TW Realty Group
 
Tom White, REALTOR®
TW Realty Group
Benchmark Realty LLC
318 Seaboard Lane
Franklin TN 37067
(615) 870-8169
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tom White of Benchmark Realty LLC. Any party who uses this material without the written permission of Tom White is subject to copyright infringement and possible lawsuit.
Franklin, TN Real Estate Professionals
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