What's My Historic Franklin TN Home Worth? March 2016
- Properties active on the market: 7
- Single-family properties closed in March: 2
- Average sales price: $310,000
- Average list price: $369,981
- Sales price to list price ratio: 83.8%
- Average days on the market: 15
- Historic Franklin absorption rate: 3.5 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).
Historic Franklin is in a seller's market. However, the list price to sales price is extremely low. This was due to one home that was in need of serious repairs selling for $100,000 less than list price. Usually, historic homes sell very quickly and close to asking price, even if they are in need of repair.
It's important for sellers to remember historic, downtown Franklin now consists of both new and historic homes. Historic Franklin homes in excess of $1M always take a little longer to sell, as well.
Wondering what your historic Franklin TN 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.
While the housing market is quite good right now, buyers have become more particular than ever. Making updates such as adding granite counter tops and stainless steel appliances can really set your historic Franklin home apart which in turn increases what your home is worth.
A recent National Association of REALTORS® survey revealed that 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 portal websites.
Internet marketing is especially important for historic homes as they have a reduced buyer pool to begin with. Marketing outside our local area is crucial to the sale of these homes.
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?
Sellers should always ask prospective real estate agents if professional photography will be used. If not, pick up the phone and call me. Don't let an agent tell you the Franklin housing market is so hot that professional photography isn't necessary. Guess what? No great photos, no showings. Plus, you'll likey sell your home for more due to the increased interest.
Additionally, the best way to bring attention to your historic 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.
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 engines. For example, this single-property website created for 1349 Jewell Avenue can still be found in the search engines.
Go ahead, Google 1349 Jewell Avenue, Franklin, you'll see it's still on page one of Google even though that house sold last year.
We began promoting 1349 Jewell Avenue before it was even listed. It sold in just 5 days for 99.6% of list price. That's the type of marketing you want for your historic Franklin 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 agressively 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 has a limited amount of space to promote your home. It's hard to convey all the features your home has in 250 characters. That's right, 250 letters. Not's not much longer than a Tweet on Twitter.
Blogging about your historic Franklin TN 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 in several places 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 by 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.
Curious how we do this? When you get ready to sell your historic Franklin 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 on to this post? Click the photo to see historic Franklin home listings.
Clipart courtesy freedigitalphotos.net.
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 buyers looking to purchase a home in Franklin and the surrounding Williamson County area. Tammie understands the way buyers search for homes. This makes her an invaluable asset to Franklin TN home sellers wanting to get their homes in front of both local and relocation buyers. Her knowledge of the area is shared through her highly-ranked website, www.FranklinHomesRealty.com; making it the premiere search tool used by buyers looking for Franklin TN homes for sale. She has been writing a real estate blog since 2009 and has been quoted in various publications including the LA Times, Skype.com, The Tennessean and Williamson Source.