What's My Legends Ridge Home Worth? August 2016
- Properties active on the market: 5
- Single-family properties closed in August: 2
- Average sales price: $1,040,000
- Average list price: $1,062,450
- Sales price to list price ratio: 97.9%
- Average days on the market: 126
- Legends Ridge absorption rate: 2.5 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).
Legends Ridge is experiencing an extreme seller's market. The sales price to list price ratio is low and the average days on the market are high, which suggests these homes may have been overpriced when they came on the market. Given that luxury home sales are seeing more activity, now may be a good time to list your Legends Ridge home.
Pricing your home right from the beginning will be the key to a quick sale. Homes that linger on the market usually sell for less.
Wondering what your Legends Ridge 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. Keep in mind, this report will not take into account custom features you may have added to your home but it will give you a price range of homes that have recently sold.
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 in selling your Legends Ridge home. The best way to showcase your home is through the use of professional photography. While the majority of listing agents will use professional photography, what they do with these photos is equally important.
The internet has become the first showing. Your home is marketed here 24/7/365. You want your listing photos to be used to attract buyers to your home. This goes beyond creating a fancy brochure that does nothing but lay in your house until buyers view it. Marketing today must be proactive, not passive.
We blast photos of your home all over the internet; using the newest technology to get the word out about your Legends Ridge home. This includes the use of social media and blogging, something not many listing agents in the Franklin housing market are doing.
You probably found this post because of our online dominance for the Legends Ridge neighborhood. We can do the same thing for you when marketing your home.
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 403 Letitia Drive 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 Legends Ridge 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 some agents have no internet presence at all. These agents hope their listings will be sold to local buyers. We give our luxury 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 property. It's hard to convey all the features your home has with 250 characters. That's right, 250 letters. That's not much longer than a tweet.
Using qualifiers like hardwood floors, granite counters and stainless steel appliances to attract buyers no longer applies. Every home in Legends Ridge has these features. You want to bring attention to the features that make your home unique. That's difficult to do through our MLS only.
You want to bring attention to things like your fabulous media room, wine cellar or Gunite swimming pool. These are just a few of the features luxury home buyers desire. If you don't have an agent who uses marketing methods to attract these buyers, your home may linger on the market and sell for less.
Blogging about your Legends Ridge 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.
Additionally, our photographer will record a video tour of your home. This is not a slideshow of photos commonly used by other agents. There's a difference. If your home has a fabulous outdoor area with special lighting or fireplace, we'll do a twilight shoot as well. We want your house to stand out from the competition. Producing a wide variety of media gets buyers in the door.
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 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 Legends Ridge 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 Legends Ridge homes for sale.
Clipart courtesy freedigitalphotos.net.
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, Skype.com, The Tennessean and Williamson Source.