Franklin (Franklin, TN)
Franklin (Franklin, TN) Real Estate News
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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 2015

  • 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.

What's My Franklin TN Home Worth? February 2015

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.

Franklin Homes Realty LLC
Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
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?

Buying a Home In Franklin TN? Use a Buyer's AgentIn 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?

Buying a Home in Franklin TN? Use a Buyer's AgentIt'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.

Franklin Homes Realty LLC
Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
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)

Is This Franklin TN Home Really a One-Level?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.

Franklin Homes Realty LLC
Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
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.
Tomwhite
Franklin TN Condo and Townhome Market Trends -- March 2015
Tom White, Franklin Homes Realty--South of Nashville TN (Franklin Homes Realty LLC (615) 870-8169 or www.FranklinHomesRealty.com)

Franklin TN Condo and Townhome Market Trends -- March 2015 

What's happening in the Franklin TN Condo and Townhome market? Should I buy now or wait? Should I get my condo or townhome on the market right away or delay? All good questions about the Franklin TN Condo and Townhome market. The best place to start is to look at a current market report. Let's see what happened in Franklin TN in February 2015.

Franklin TN Condo and Townhome Market Trends -- March 2015

  • Active condo/townhomes listings: 54
  • Of those units currently on the market, the number under contract: 16
  • Properties closed in February: 18
  • Average sales price: $244,702
  • Average list price: $250,113
  • Average sales price to list price ratio: 97.8%
  • Average days on the market: 58
  • Average per SF price: $153.51
  • Lowest per SF price: $102.79 (Forrest Crossing)
  • Highest per SF price: $250.31 (Grant Park)

To determine whether it's a buyer's or seller's market, REALTORS® use something called absorption rate. If you take the current inventory of 54 homes and divide that by last month's closed sales (54/18) you get 3 months. That means if the current inventory stayed the same, it would take 3 months to sell all the existing homes.  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.

The Franklin TN condo and townhome sales for January 2015 reflect a seller's market. The low inventory coupled with a steady demand continues to drive the market upward. Over the last 12 months, prices on condos and townhomes have risen an average of 8.4%.

Now, let's answer those questions about buying and selling.

If you are a buyer, housing prices are continuing to rise in Franklin TN. Even with some expected increase in inventory as we move into Spring, now is a great time to make that purchase. Springtime usually brings out more buyers--resulting in more competition for homes. This generally translates into higher prices. Whether you are buying new construction or an existing home, it is extremely important to enlist the aid of an experienced buyer's agent to help you pay no more than you should for the condo or townhome you desire.

If you are thinking of selling your home,  NOW is the time to get your home on the market. The low inventory means that homes are selling quickly. Why wait if you think you will be selling this Spring? 

When you are ready to buy a Franklin TN condo or townhome, or sell your existing Franklin home contact Tom White of Franklin Homes Realty LLC at (615) 870-8169.


TW Realty Group
 
Tom White, REALTOR®
Franklin Homes Realty LLC
(615) 870-8169
 

 

 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tom White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tom White is subject to copyright infringement and possible lawsuit.
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Spring Has Sprung! It's Time to Sell Your Franklin TN Home
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)

It's Time to Sell Your Franklin TN HomeIt feels like it's been a long, cold winter in Franklin TN but temps are projected to be in the mid-60's tomorrow and buyers are calling to get in to see houses.

There's only one problem--our housing inventory is extremely low. There are only 455 homes currently available in Franklin. One of the hottest selling price points are Franklin homes under $300,000. Unfortunately, there are only 9 single-family homes available in all of Franklin

Buyers are anxious. They want to take advantage of low interest rates. But our low housing inventory has them worried. With just 148 single-family homes available in all of Franklin priced under $500,000, you can see why they are troubled. Of that, 74 are new construction homes that won't be ready for months. Are you beginning to see the problem here?

It's time to sell your Franklin TN home. Franklin Homes Realty specializes if your local market. Our motto is GET REAL. GET LOCAL. We are your trusted Franklin home selling team. Pick up the phone and call us today at (615) 495-0752. We would be happy to meet with you and provide a FREE Competitive Market Analysis (CMA). Don't wait any longer.

Spring has sprung! It's time to sell your Franklin TN home.

Franklin Homes Realty LLC
Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
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.
Tomwhite
How Much Will I Pay For A Franklin TN Condo/Townhome? | February 2015
Tom White, Franklin Homes Realty--South of Nashville TN (Franklin Homes Realty LLC (615) 870-8169 or www.FranklinHomesRealty.com)

How Much Will I Pay For a Franklin TN Condo/Townhome? February 2015 

As we move into the second month of 2015, buyers are considering whether this is a good time to purchase a Franklin TN condo or townhome. The question is best answered by looking at the current market--is it a buyer's market or a seller's market, are prices are going up or down, and how long are homes staying on the market? To understand these factors you need to look at a current market report. Let's take a look at what happened in Franklin TN in January 2015.

How much will I pay for a Franklin TN Condo/Townhome?|February 2015

  • Active condo/townhomes listings: 68
  • Of those units currently on the market, the number under contract: 16
  • Properties closed in January: 21
  • Average sales price: $278,531
  • Average list price: $277,809
  • Average sales price to list price ratio: 100.2%
  • Average days on the market: 62
  • Average per SF price: $182.29
  • Lowest per SF price: $93.38 (Andover)
  • Highest per SF price: $233.03 (Westhaven Condos)

To determine whether it's a buyer's or seller's market, REALTORS® use something called absorption rate. If you take the current inventory of 68 homes and divide that by last month's closed sales (68/21) you get 3.2 months. That means if the current inventory stayed the same, it would take a little over 3 months to sell all the existing homes.  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.

The Franklin TN condo and townhome sales for January 2015 reflect a seller's market. The inventory is slowly increasing but a steady demand continues to drive the market upward. Over the last 12 months, prices on condos and townhomes have risen an average of 8.4%.

For the first time in many months, the sales price to list price ratio is in excess of 100% This is due primarily to the fact that out of the 21 closed homes, the majority of them (11) are new construction. Oftentimes the sales price on new construction homes exceeds the list price due to add-ons by the buyer.

Whether you are buying new construction or an existing home, it is extremely important to enlist the aid of an experienced buyer's agent to help you pay no more than you should for the condo or townhome you desire.

In this market, buyers need to act very quickly to secure the home they desire. TW Realty Group is here to help. When you are ready to buy a Franklin TN condo or townhome, contact Tom White of TW Realty Group at (615) 870-8169.


TW Realty Group
 
Tom White, REALTOR®
Franklin Homes Realty LLC
(615) 870-8169
 

 

 
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tom White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tom White is subject to copyright infringement and possible lawsuit.
Franklin homes 1
Fight Night Hosted by The People's Church in Franklin TN
Tammie White, Franklin Homes Realty, Franklin TN ((615) 495-0752 or www.FranklinHomesRealty.com)

As Marriage Mentors, Tom and I have a wonderful opportunity to interact with other couples in our church. Fortunately, The People's Church comes along side married couples to help and encourage them in their marital walk. 

One of the things they are so good at doing is offering some fun and entertaining events that help couples grow closer. The year is no exception. On February 15, that's right, Valentine's Day weekend, they are hosting an event called Fight Night. Hmm, that doesn't sound like an event that would help married couples. 

Join us on February 15 from 5 - 7:30 p.m. at The People's Church located at 828 Murfreesboro Road in Franklin and see how conflict can improve your love life. The cost is $33/couple. Drs. Les and Leslie Parrot will be our hosts.

Get ready to rumble! Mark your calendars for Fight Night hosted by The People's Church in Franklin TN.

Franklin Homes Realty LLC
Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
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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