Franklin (Franklin, TN)
Franklin (Franklin, TN) Real Estate News
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Relocating to Franklin TN? Median Home Prices are Up
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
As a Franklin TN REALTOR® with a global reach, I have an opportunity to work with buyers from other states and even other countries. Oftentimes, these buyers think of Franklin TN as a small, rural community. While there are rural parts of Franklin, the City of Franklin is definitely not a small, rural town.It is located 15 miles south of Nashville, just a 30 minute commute. Like any city within such a short drive of a large metropolitan area, median home prices and median household incomes are higher. It's also located in one of the richest counties in the country. If you're relocating to Franklin, you should know median home prices are up.Recent Franklin TN statistics:Median Home Price for 2014: $405,726 (2.3% appreciation over 2013 based upon Realtracs.com)Median Income: $93,564Number of Single-Family Households: Approximately 26,000Population: Approximately 66,000Unemployment Rate: 4.1% as of February 2015 (Tennessee: 6.4%, U.S. 5.5%)Projected Job Growth: 39% over the next 10 yearsCost of Living: 27.5% higher than the national average Are you surprised to learn that the median house price for 2014 was $405,726?Homes priced under $300,000 don't come on the market very often and when they do, they are usually under contract the first day. That's why it's best to work with a Buyer's Agent who can get you in to see homes quickly.If you are relocating from another state, you need to have your home under contract before contemplating a move. Sellers are NOT accepting Sale of Home contingencies in our current market. As a matter of fact, some buyers are removing contingencies from their offers in hopes of winning a bid on their dream home.This makes it especially difficult for buyers. They are worried homes meeting their search criteria may not be available when they are ready to buy. Unfortunately, that's the condition of our current market. It's unrealistic to look at houses until your home is sold.For those several months away from their home purchase hoping to get an idea of what a Franklin home will cost, I suggest making a visit to the area. Drive through neighborhoods, attend open houses and visit new construction sites to get an idea of home values.It doesn't make sense to seek out the assistance of an agent until you are 3 months or less away from buying. Even then, make sure you already have spoken with a lender and have your financing in order. Many sellers require a pre-approval letter be submitted with an offer.Some buyers who want to have more control over the process are turning to new construction homes. Keep in mind these homes may take 4 to 6 months to build with a Production Builder and as long as 9 - 12 months with a Custom Builder, so plan accordingly.Once again, use a Buyer's Agent to help you through the process. They can monitor the progress on your home and help you determine how much you should pay. A Buyer's Agent costs you nothing as they are paid by the seller/builder. Their commission has already been accounted for in the price of the home.Trying to maneuver the Franklin housing market alone isn't recommended. You need a knowledgeable local agent to help you through the process. Especially, if you are moving here from a different state where real estate laws may vary.When you're ready to buy in Franklin TN, call Franklin Homes Realty. We are your local real estate source and can help you through the process.Relocating to Franklin TN? Median home prices are up.  Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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Franklin Homes Realty LLC is Committed to Professional Development
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
Last year, I acquired my Tennesee Broker's License. The State of Tennessee requires 240 hours of real estate education. I thought that sounded like a lot until I learned that Texas requires 900 hours of education. Now, that's a lot of hours.As a Managing Broker/Owner of Franklin Homes Realty LLC, I want to make sure my clients receive the best real estate advice possible. That means I must continually spend time in the classroom as well as transacting business. Even though, Tennessee doesn't require me to take more than 16 hours of education every two years, I have set a personal goal to take an additional 660 hours of education.What does a comprehensive real estate education look like?  Since Texas seems to set a very high bar on broker education, I decided to see what types of courses are taught there.Texas brokers take courses in Real Estate Marketing, Real Estate Finance, Real Estate Principles, Law of Agency, Law of Contracts, Real Estate Math and the Psychology of Marketing.Wow! My hat is off to Texas Brokers. That is a very strong resumé. Just as an example, here are the topics covered in the 30 hour Real Estate Finance 1 course: History and Background Money and Interest Rates Regulated Lenders The Secondary Market Mortgage Documents Mortgage Re-Payment Plans Federal Government Underwriting Programs Borrower Qualification Property Analysis Commercial Loans Settlement Procedures I've set an aggressive plan to take a minimum of 120 hours of education each year until I've reach the additional 660 hours. That's 30 hours of education each quarter. Even an agressive plan such as this, will take me 5 1/2 years to accomplish.Franklin Homes Realty LLC has already established itself as a knowledgeable resource regarding the sale and purchase of Franklin properties. This is our way of becoming the best local real estate brokerage in our area. We want our clients to feel secure in knowing we are the best agency for the job.Franklin Homes Realty LLC is committed to professional development. Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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Want Information About Franklin TN Housing? Call Franklin Homes Realty
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
Today, I received a call from a woman inquiring about Jamison Station. She had Googled the development and our website popped up.She wanted to know if any condos were currently available. I told her the only active listing was already under contract. I asked if she was working with a real estate agent. To which she responded she was a real estate agent.Confused, I asked why she had called me. She stated she thought I was the homeowner's association. Well, first of all, it's not typical to get active listing information from the HOA. Secondly, she had found me through a Google search. Did she not click on the link? Obviously, she had my phone number. She must have gotten it from my site. Didn't she realize it was an agent website?This is the second time this week I've been contacted by a Nashville real estate agent looking for information on Franklin housing. The other request earlier in the week was about new construction neighborhoods in Franklin. In that particular case, the agent admitted he knew he was calling another agent but since I seemed to show up for every search phrase he input into Google, he thought I would be the best agent to contact for Franklin information. He was right, I am.Now, Nashville is only 15 miles from Franklin. It's just a 30 minute drive. However, if you are looking for local real estate information, seek out the assistance of a local agent. Obviously, we'd be the right choice. A Nashville agent isn't as local as you'd like.The Franklin housing market is vastly different than the neighborhoods of Nashville. You want an agent who knows the 200 neighborhoods/subdivisions of Franklin well. Not to mention how quickly the homes here are selling. Otherwise, you could lose out on a hot property.Our motto is:GET REAL. GET LOCAL.When we say get local, we mean very local. Want information about Franklin TN housing? Call Franklin Homes Realty LLC. You can't get more local than that. Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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If You Already Have a Franklin TN REALTOR® Then Why Did You Email Me?
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
I received an email today from a potential buyer wanting information about homes listed for a particular elementary school. She had registered on our website about a week ago and she's visited the site everyday since. I'm not one to pester the people who register but if they send an email, I will pick up the phone and call. I did that after receiving her email. I explained that I'd gotten her inquiry and I asked if she wanted to receive listings for one particular school. She was upset that I called. She told me she didn't want to be harassed by real estate agents. Besides, she was already working with another agent. I explained that I was only responding to the inquiry she made on our site. I asked why she hadn't contacted her agent rather than reaching out to me. That's when she said she didn't expect that I would call. I advised her in the future, she should direct all inquiries to the agent she has hired. After all, that's what the agent gets paid to do; help her find the right home. For clarification, if you are a Franklin TN home buyer, Franklin Homes Realty LLC would love to help you find a home. That's what we do best--connect buyers with the right house. However, if you already have a real estate agent, you should direct all your inquiries to them. As a matter of fact, you should probably register on their website instead of using another agent's site. This way YOUR agent will know every home you're looking at. This helps them to connect you with the right property sooner. For those who are unattached to an agent, feel free to contact us anytime. We love to help buyers learn all the wonderful things Franklin TN has to offer. Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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What's My Franklin TN Home Worth? February 2015
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
What's My Franklin TN Home Worth? February 2015Properties currently Active on the market: 636 Single-family properties closed in February: 122 Average sales price: $534,843 Average list price: $541,418 Average sales price to list price ratio: 98.8% Average days on the market: 68 Franklin TN absorption rate: 5.2 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 continues to be in a seller's market. Given we're in the slowest part of the year, the average days on the market are relatively good. The sales price to list price ratio is excellent. This bodes well as we inch into the Spring selling season. Franklin desperately needs housing inventory and if you're thinking of selling your home, there couldn't be a better time. We are offering some special discounts to sellers who are anxious to get their home on the market rather than wait until Spring. With all this good news regarding home sales, are you wondering what's your Franklin TN home worth? Click the photo below to get the instant value of your home. A recent National Association of REALTORS® survey revealed 92% of buyers begin their home search on the internet. Properties heavily marketed there have a greater opportunity to be found by home buyers. This goes way beyond just syndicating your home from the MLS to national websites. Because so many buyers are beginning their home search on-line, photography has become an important marketing tool for real estate agents. The best way to showcase your home is through the use of professional photography. It is by far the biggest bang for your buck. Sellers should always ask their real estate agent, if professional photography will be used. If not, find an agent who will. Don't let the agent tell you because we're in a seller's market it isn't necessary. Guess what? No photos, no showings. Additionally, the best way 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. With the recent change in the way our multiple listing service is sending out information to the national housing websites, it's important to have an agent who really has an understanding of aggressively marketing your home on the internet. Especially, if your home has a unique feature that buyers may be looking for. Having your home promoted all over the country is essential to a quick sale. Want to know how we do this? Pick up the phone and schedule a seller's consultation. We will be happy to share the most recent technology to help you get your home sold quickly for top dollar. Check out FranklinHomesRealty.com. 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. Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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Buying a Home in Franklin TN? Use a Buyer's Agent
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
What is Buyer's Agency? In the late '90's real estate laws changed to protect buyers from the common-law practice of caveat emptor ("let the buyer beware"). Prior to this change, all real estate agents worked for the seller. Even if, they were using an agent other than the listing agent. While sellers benefited from this arrangement, buyers began to question whether their financial interests were being protected. Buyers demanded accurate, factual information, as well as, objective advice. Their demands resulted in a change to agency law and the Buyer's Agent was born. While Buyer's Agency was created to protect the fiduciary interests of home buyers, many still contact the listing agent when purchasing a home. Primarily, because buyers think they will be able to negotiate a better price for the home if they use the listing agent. Actually, that is rarely the case. Can't I save money by using the Listing Agent? The listing agent has been hired by the seller to represent the seller's fiduciary interests. The listing agent's commission is negotiated at the time the listing agreement is signed. It is common practice for the listing agent to split that negotiated commission with the Buyer's Agent. However, if the listing agent brings the buyer, then he receives the full commission or both sides of the transaction. Buyers mistakenly think that commission split will be passed on to them. It is not. Even worse than that, a buyer may actually pay more for a property by using the listing agent. Remember, the listing agent works for the seller. His responsibility is to get the highest sales price for the seller. By using a Buyer's Agent, you are assured that individual does not work for the seller. The Buyer's Agent works for the buyer. His responsibility is to negotiate the best price and terms for the buyer. Are there other things I need to know about Buyer's Agency? There are many contingencies that can be put into place to protect the buyer. The Buyer's Agent will make sure all these contingencies are in place and satisfied prior to closing. He will also provide comparable sales data to assist in determining a purchase price so the buyer doesn't pay more than he should for a property. What about new construction and For Sale by Owner homes? It's important to remember the on-site agent works for the seller/builder. He will not provide the buyer with the most recent comparable sales data. The on-site agent's job is to get the most amount of money for the home to increase the seller's profits. You also want to use a buyer's agent when purchasing a For Sale by Owner (FSBO) for many of the same reasons stated above. In most cases, For Sale by Owners will pay the Buyer's Agent for his services.Most importantly, the Buyer's Agent will oversee every element of the new construction and For Sale by Owner transaction. Who pays the Buyer's Agent? All of this service is provided to the buyer for no cost. The Buyer's Agent represents the buyer but he is paid by the seller's listing brokerage. Some brokerages may require a small administrative fee be paid by the buyer but this should be disclosed to the buyer prior to signing any agreement. The best way to insure that you are protected is to enter into a signed Buyer's Representation Agreement with your Buyer's Agent. This is a contract between the buyer and the Buyer's Agent which clearly outlines the details of your agency relationship. When you are ready to buy a Franklin TN home, make sure you have secured the assistance of a Buyer's Agent. Call Franklin Homes Realty LLC at (615) 495-0752 today for all your buyer agency needs. Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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Is This Franklin TN Home Really a One-Level?
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)
Buyers often contact us in search of a home offering true one-level living. As they search the internet, some of the houses that are categorized as a one-level are clearly two stories. They get frustrated and contact us to assist them. First, it is in your best interest to always have a buyer's agent working on your behalf. Franklin housing inventory is very low. Without an agent to help you in your search, you'll get extremely frustrated as much of the existing inventory is already under contract but hasn't been moved into pending yet. Second, some homes may be categorized as a one-level but still have a basement or a bonus room. Tennessee basements aren't always sub-grade which means a buyer may need to go up 10-15 steps to get to the main level. Bonus rooms are usually located above the garage. It's a great use of space but it's not really one-level. This came up today as I met with buyers. As we searched the MLS looking for one-level homes, several had 10-15 steps going up to a main level or a bonus room. In their eyes, these homes weren't true one-levels. One-level living without steps is difficult to find. It's best to have the assistance of an agent. When the time is right contact Franklin Homes Realty LLC and we'll help you find that true one-level home. Tammie White, Managing Broker/Owner Franklin Homes Realty LLC www.FranklinHomesRealty.com GET REAL. GET LOCAL.This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes 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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