What's My Franklin TN Home Worth?: Tennessee: Franklin: Buckingham Park

What's My Buckingham Park Home Worth? August 2016

What's My Buckingham Park Home Worth? August 2016

  • What's My Buckingham Park Home Worth? August 2016Properties active on the market: 1
  • Single-family properties closed in August: 3
  • Average sales price: $326,733
  • Average list price: $336,567
  • Sales price to list price ratio: 97.1%
  • Average days on the market: 39
  • Buckingham Park: absorption rate: .3 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).

While Buckingham Park is experiencing an extreme seller's market, the list price to sales price ratio is low when compared to recent months. The average days on the market were good but August's sales activity provides an excellent example of why sellers should carefully consider the agent they use to market their home. 

Of the three homes that sold in August, only one agent used professional photography to market the home. That particular home was under contract in 2 days and sold for $5,100 over asking price.

Another seller used a flat fee brokerage. These agencies charge a flat fee to list a property rather than a percentage of the sales price. That agent didn't use professional photography. That home did sell the first day but for $30,000 UNDER list price. OUCH!

The final listing didn't use professional photography and hadn't made any updates to the home. It sold in 7 days but once again for $14,700 UNDER list price and the seller contributed $2,000 towards the buyer's closing costs.

The demand for homes in Franklin under $350,000 is high. All of these homes should have sold for list price or above. Two of the sellers chose the wrong agent to market their home. Don't think all real estate agents are created equal--they are not. Additionally, flat fee brokerages can cost you thousands of dollars; much more than the commission you would have paid from a full-service agency.

Wondering what your Buckingham Park home is worth? Just click the photo below and you will receive your home valuation instantly. No more forms to fill out and then wait for a response. You receive the report in seconds. 

What's My Buckingham Park Home Worth? August 2016

While the housing market is quite good right now, buyers have become more particular than ever. Your home must be show-ready from the time it hits the market. Updates such as hardwood floors, granite countertops and stainless steel appliances will increase the value of your home. 

A recent National Association of REALTORS® survey revealed that 92% of buyers begin their home search on the internet. Properties heavily marketed here have a greater opportunity to be found by home buyers. This goes way beyond just syndicating your home from the MLS to portal websites.

Because so many buyers are beginning their search online, 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 best place for your agent to spend his marketing dollars. Who cares if an agent produces fancy listing brochures? If buyers never get to see them, what's the point?

If an agent tells you that our housing market is moving so quickly, professional photos aren't necessary, then hire a different agent. The internet has become the first showing. Your home is marketed here 24/7/365. You want your listing photos to be the best they can be. Additionally, you want to make sure you hire an agent who knows how to use these listing photos to get your home sold.

We blast those photos all over the internet; using the newest technology to get the word out about your Buckingham Park house. This includes the use of social media and blogging, something not many listing agents in the Franklin housing market are doing.

Franklin Homes Realty LLC creates a single-property website. This site is used in all our social media and blogging venues. It is optimized to be found in the search What's My Buckingham Park  Home Worth? August 2016engines. For example, this single-property website created for 403 Letitia Drive in can still be found in the search engines.

Go ahead, Google 403 Letitia Drive, Franklin, you'll see it's still on page one of Google even though that house sold last year.

We began promoting 403 Letitia Drive before it was even listed in the MLS. It sold in just 16 days for 100.6% of list price. That's the type of marketing you want for your Buckingham Park home.

Given recent changes to the way our MLS sends out listing information to portal websites, it's important to have an agent who really understands how to aggressively market your home on the internet. Not all agents are created equal. You will find that some agents have no internet presence at all. These agents hope their listings will be sold to local buyers. We give our sellers the opportunity to be found by a global market; buyers relocating to the Franklin area.

Buyers are searching for key features that your home may have. Unfortunately, the multiple listing service (MLS) has a limited amount of space to promote your home. It's hard to convey all the features your home may have with 250 characters. That's right, 250 letters. That's not much longer than a tweet.

Blogging about your Buckingham Park home's features brings that information directly to buyers in search of a home just like yours; no matter where they are in the country. Many out-of-state buyers find us from our internet content about our listings and the Franklin area in general.

Not convinced Franklin Homes Realty LLC leads the pack in internet dominance for Franklin? Let me Google that for you. As you can see from the results, our website www.FranklinTNHomesforSaleOnline.com ranks on the first page of Google. We are the only local real estate company to do that. The rest of the spots are taken by portal websites and national brokerages.

This placement isn't due to ads. The only way to rank in these spots is being recognized as an authority by Google in Franklin TN real estate. That is a very difficult thing to do for any brokerage, let alone, an independent brokerage like Franklin Homes Realty LLC.

What's My Buckingham Park Home Worth? August 2016Curious how we do this? When you get ready to sell your Buckingham Park home, contact Tammie White of Franklin Homes Realty LLC at (615) 495-0752. I'd be happy to share how we can do this for you.

Are you a buyer who has accidentally wandered onto this post? Click the photo to see Buckingham Park homes for sale.

Clipart courtesy freedigitalphotos.net.

 

Tammie White, Franklin TN REALTOR®

 

 

 

About Tammie White, Franklin TN REALTOR®

Tammie White is a REALTOR® and Principal Broker/Owner of Franklin Homes Realty LLC in Franklin TN. Tammie works with relocation buyers looking to purchase a home in Franklin and the surrounding Williamson County area. She understands the way buyers search for homes making her an invaluable asset to Franklin home sellers. Her website, www.FranklinHomesRealty.com, has become the premier search tool for buyers moving to Franklin TN. She has been writing a real estate blog since 2009 and has been quoted in various publications including the LA Times, Realtor.com, Skype.com, The Tennessean and Williamson Source. 

Tammie White, Managing Broker/Owner
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
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.
Comment balloon 0 commentsTammie White • January 08 2017 11:22PM
What's My Buckingham Park Home Worth? August 2016
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