Franklin Tn homes - July 2015 market update - 267 Franklin Tn homes closed during the month of June compared to 263 for the same month last year. The median price of homes sold in Franklin during the month was $460.000 compared to $412,500 in June of 2014, an increase of 11.5%. The absorption rate based on June sales and the current inventory is 2.8 months, and the median days on market for sold homes is 47 days. the median list price to sales price ratio for Franklin TN homes was 99% 348 Franklin TN homes are pending at this time 755 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but many are already under contract the absorption rate based on June sales is 2.8 months 31 Franklin Tn condos sold during the month of June the average sales price of ... 07/13/2015

A Tennessee Purchase and Sale Agreement is a legally binding contract for the sale of residential property. Within that contract are specific performance dates including loan application deadlines, home inspection deadlines, resolution of repair deadlines and closing deadlines. These are referred to as contract performance dates. You will often hear real estate agents say, "Time is of the essence." This is especially true when adhering to contract performance dates. When items are not performed by the specified date or deadline, there are consequences. Some consequences are more harsh than others. The worst being the contract becomes null and void.These performance dates have been created for a reason. They are not to be taken lightly. Real estate agents and their buyers and sellers mus... 07/11/2015

Franklin TN Condo and Townhome Market Trends --July 2015What's happening in 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 June 2015.  Active condo/townhomes listings: 72 Of those units currently on the market, the number under contract: 14 Properties closed in June : 29 Average sales price: $278,072 Average list price: $283,065 Average sales price to list price ratio: 98.2% Average days on the market: 46 Average per SF sold price: $175.33 Lowest per SF sold price: $121.74 (Regency Square) Highest per SF sold price: $253.33 (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 72 homes and... 07/07/2015

Homes for sale in Fieldstone Farms and July market report 15 Fieldstone Farms homes sold during the month of June with on 12 currently listed and not already under contract. As usual, the neighborhood is in a hot sellers market this summer, and buyers are having to pay premium prices to make a purchase. 15 Fieldstone Farms homes sold in month of June 12 Fieldstone Farms homes are currently listed in the Nashville MLS and available for purchase The absorption rate for Fieldstone Farms homes based on June sales is 1 month the average price of homes sold was $404,860, compared to $355,642 for the same month last year an increase of 13.8% the average size of homes sold was 2834 square feet 15 homes are currently under contract the list price to sales price ratio was 99% Fieldstone Farms is ... 07/02/2015

In December of last year I wrote a post titled Did you want windows, and it was about the process of purchasing a new construction home, and the one sided contract that builders want buyers to sign.Like I was saying then, the builder will make changes to the plan without the buyers approval, and the construction will be delayed for one reason or another, and the builders take no responsibility. If for any reason the buyer can't close when the builder is finally ready, they will keep your down payment and sell the home to someone else at a higher price.Now we are getting close to a finished product on the home in question. The builder did make some changes to the plan, and tried to sneak it past the buyer, but no, it didn't go unnoticed, and they had to do what they were contracted to do... 06/24/2015

Monday, I spoke with a woman who was standing in front of a condo development. She had seen three condos online that were for sale and she wanted to get in to see them. I was sure these units were already under contract and upon checking the MLS, that suspicion was confirmed.She said she'd just seen them the day before online. How could they already be under contract?I explained that just because she'd seen them online, didn't mean they were still available. Move-in ready townhomes are selling quickly. It was best to call prior to making a trip to the development.I agreed to send her listings that were currently available. She was to review them and then we'd schedule an appointment later in the week. While at a final walk-through yesterday my phone rang. I never answer my phone when I'... 06/24/2015

The other day I met with a couple who are looking to buy a Franklin TN home. They are moving into the area from a location just outside Williamson County. Some of these areas aren't performing as well as the Franklin market.We discussed the need to sell their home prior to buying another and scheduled a listing appointment for later this week.Last night, I received an email from them stating they wanted to see the comparable home sales in their neighborhood for the last two years. Home sales from two years ago aren't relevant. Housing markets go up and housing markets go down. What the housing market was doing two years ago isn't crucial to pricing your home today.Appraisers will only use data from the last six months. Many are most concerned about the sales within the last 90 days. The... 06/23/2015

My husband and I don't watch much TV. However, every summer we pick a TV series that has completed its run and watch it. It's usually seven years of programming in one summer. It's our guilty pleasure.This summer, we chose Mad Men. For those of you who don't know the series, the show is about an advertising agency in the 1960's. We're really enjoying it.Today as I was reading the featured post, 9 Ways to Succeed in Real Estate, this TV series came to mind. Fred's post has some excellent points on how to succeed in real estate. Many of which I agree with. However, I disagreed with his very first statement: You are in Sales - know how to Sell.Consumers typically think of salesmen as people who are trying to sell them a product they don't want or don't need. That's NOT how we want them to ... 06/22/2015

Franklin Homes for sale and May 2015 market update - 181 Franklin homes closed during the month of April compared to 168 for the same month last year.. The median price of homes sold in Franklin during the month was $439,900 compared to $395,000 for April of 2014, an increase of 11%. The absorption rate based on April sales and the current inventory is 4 months, and the median days on market is only 49 days. A lot of Franklin TN homes are now getting multiple offers the first day on market, and a good buyers agent is critical to having a chance to compete for the better homes. the median list price to sales price ratio for Franklin Homes in April was 99% 324 Franklin homes are pending at this time 721 Franklin homes are currently listed in the Nashville MLS as available for purchase, bu... 06/21/2015

Westhaven Pending Sale: 1349 Jewell Ave. Franklin TNWhen this seller completed a property valuation on our website, she stated she was looking for an AWESOME REALTOR®. I contacted her immediately and we scheduled an appointment to meet. As soon as we drove up to the house at 1349 Jewell Ave., Franklin, we knew this home was a winner. It had a prime corner lot location which is a rare commodity in Westhaven. As we walked in the door, it was clear this couple loved their home. Not only was it equisitely decorated but it was spotless. This 2,883 square foot home had what every Westhaven home buyer is looking for--style and function. Every inch was meticulously planned. There wasn't a wasted space in the house. The prime corner lot and three-car garage made this a desirable home.We signed t... 06/20/2015

It's the summer months and you're trying to sell your house. You're also a pet owner and outdoor temperatures are too high to leave Fido in the yard. As a cat owner, you're worried an agent showing your house will let Muffy out and then you'll never see her again. As a dog owner myself, I understand your dilemma.What are pet owners to do who are selling their Franklin TN home?Here are some tips:1.  The very best thing to do is ask someone else to care for your pets while your house is for sale. Some sellers will board their pets or ask a relative, neighbor or friend to care for them. Given our current market, it may only be a week or two and your house could be under contract. Once that happens, the showings will stop and you can bring your pets home.2.  Crate your pets when you leave y... 06/17/2015

When I step into your home to give my listing presentation, I've done my homework. In many cases, I've looked at the past sales of your home and the listing photographs. I've looked at the current listings in your neighborhood and may have even previewed those homes. I want to know what has recently sold and for how much. Basically, I've seen your home before I ever step foot into it.From those past sales, I am able to get a good sense of what it takes to sell your house. You see, each home has a unique selling feature. Even if you live in a neighborhood with similar floorplans, I can find something that sets your home apart. I hone in on those attributes and run with them.This past weekend I listed a home in the Westhaven neighborhood of Franklin. There are approximately 1,200 homes in... 06/15/2015

Franklin Tn Homes June 2015 market update - 206 Franklin Tn homes closed during the month of May compared to 180 for the same month last year, an increase of 15%. The median price of homes sold in Franklin during the month was $450,818 compared to $403,338 for May of 2014, an increase of 12%. The absorption rate based on May sales and the current inventory is 3.5 months, and the median days on market for sold homes is 47 days. A lot of Franklin TN homes are now getting multiple offers the first day on market, and a good buyers agent is critical to having a chance to compete for the better homes. the median list price to sales price ratio for Franklin Tn Homes in May was 100% 370 Franklin TN homes are pending at this time 725 Franklin TN homes are currently listed in the Nashville MLS as... 06/10/2015

I received an email from a buyer this morning inquiring about five listings. Each inquiry had an address and then the words, "Is this house still available?".These homes were move-in ready. As a matter of fact, all five looked as if they were from a Homes & Gardens magazine. I chuckled as I looked at them because I knew before even checking our MLS that the homes were already under contract. Upon further investigation, I did find that all five homes had already sold. As a matter of fact, I learned that of the 70 homes available in Franklin priced between $250K to $350K that 41 of them were already under contract.There are only 731 homes currently listed at all price points in Franklin. This even includes new construction homes. I would guess that two-thirds of those homes are already un... 06/09/2015

Franklin TN Condo and Townhome Market Trends --June 2015What'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 May 2015.  Active condo/townhomes listings: 73 Of those units currently on the market, the number under contract: 22 Properties closed in May : 29 Average sales price: $254,777 Average list price: $257,409 Average sales price to list price ratio: 98.9% Average days on the market: 48 Average per SF price: $167.37 Lowest per SF price: $110.14 (Residences at Southwind) Highest per SF price: $243.69 (Grant Park... 06/08/2015

Franklin TN Luxury Homes for sale and market report - 22 luxury homes sold in Franklin for the month of May with the average price being $1,105,997, the average size was 5,136 square feet and average days on market was 117. The absorption rate for Franklin luxury homes is now down to 8 months. 22 Franklin TN luxury homes sold in the month of May compared to 16 for May of last year the average sales price of Franklin Luxury homes was $1,105,997 37 Franklin luxury homes are currently pending 194 Franklin TN luxury homes are currently listed in the Nashville MLS as available for purchase The most active Franklin neighborhoods for Franklin TN luxury homes based on May sales are Westhaven with 4 sales Laurelbrooke with 2 sales Avalon with one sale Cool Springs East with one sale The Enclave ... 06/07/2015

Mckays Mill Homes in Franklin TN 37067 11 homes sold during the month of May, at an average price of $390,255 with an absorption rate of just 2 months Mckay Mill homes are in a strong sellers market. As a consequence, homes are selling at 99% of asking price, and the average days on market is just 49 days. Be prepared to compete if you are a buyer, and be prepared to have lots of traffic in you home if you are a seller. 11 McKays Mill homes sold in the month of May compared to 9 homes sold during May 0f 2014 24 homes are currently available for purchase 7 Mckays Mill homes are currently under contract and pending sale the list price to sales price ratio of homes sold in May was 99% average days on market for homes sold was 49 days The absorption rate of Mckays Mill homes is 2 months Her... 06/05/2015

Today, I received the following email from a buyer.I like this home very much. I saw a YouTube video of this house from Feb. 2012. The asking price then was $189,500. I can see that the seller made upgrades to the kitchen, flooring, etc. but did he make $58,000 of improvements to justify his $248,000 list price?Here is the response I sent to this buyer: First of all, let's address the improvements. I'm not the listing agent so this assessment is based upon my visual observation. The sellers made several cosmetic improvements including hardwood floors throughout much of the first level, new ceramic tile flooring in the kitchen and baths, painting kitchen cabinets and installing granite countertops, re-carpeting bonus and bedrooms and painting. The master bath was upgraded to a tile surro... 06/04/2015

I love Saturday mornings in historic downtown Franklin. The first stop is the Franklin Farmer's Market. This is a wonderful place to buy fresh produce, organic meats, baked goods, plants and flowers. Several vendors also sell specialty jams, jewelry and homemade artifacts. We can't visit the market without a stop at Ellie's Old-Fashioned Doughnuts to say hello to our favorite donut maker, Danny and his family. Ellie's has the best hot cinnamon sugar donuts you'll ever eat. They melt in your mouth. It's hard not to have one while searching for ingredients for the week's meals. Music can be heard as local artists entertain the crowd. From there we head over to Merridee's Breadbasket. The baked goods here are out of this world but Tom especially likes their Highlander Grog coffee. I go for... 05/31/2015

Living in the South brings some interesting challenges when trying to sell your home. Especially, if you have family roots that date back to pre-Civil War times.For those of you who may not know it, a major battle of the Civil War was fought in Franklin TN on November 30, 1864. There are several monuments and historical sites erected memoralizing that battle.In November each year, there is a Battle of Franklin Reenactment. Reenactors travel from all over the country to participate in this event. Thousands of Franklin residents attend the festivities, usually lasting two days.This is all to say that Franklin values its history. Some people visiting here may be surprised that a Civil War Monument stands in the center of town. It's simply a part of their local heritage. Very much like the ... 05/29/2015