What's My Sullivan Farms Home Worth? February 2016
- Properties currently Active on the market: 5
- Single-family properties closed in February: 2
- Average sales price: $367,000
- Average list price: $379,700
- Average sales price to list price ratio: 96.7%
- Average days on the market: 34
- Sullivan Farms absorption rate: 2.5 month 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)
Sullivan Farms is currently experiencing an extreme seller's market. The sales price to list price ratio is excellent. With changes to the Truth-in-Lending Disclosures and Federal guidelines of lending procedures, you can expect to see longer days on the market. Sellers should expect to see a minimum of 60 days in the future. Anything close to 60 days is considered good. Sullivan Farms had 34 days which is excellent news for sellers.
Wondering what your Sullivan Farms home is worth? Click the photo below to receive an instant property valuation for your home. No more filling out forms and waiting. Receive your valuation in seconds.
While much of Franklin lacks housing inventory, buyers are more particular than ever. It's important for sellers to properly prepare their home for market. A few updates such as granite counter tops and stainless steel appliances can really set your Sullivan Farms home apart.
The old mantra location, location, location is really helping home sales in Sullivan Farms. With quick access to I65, historic Franklin and Cool Springs Galleria, buyers flock to this neighborhood. That coupled with nice homes at very affordable prices and no homeowner's association make Riverview Park even more desirable. For buyers interested in one-level homes priced below $300,000, Riverview Park offers some very nice options.
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 Sullivan Farms home apart which in turn increases what your home is worth.
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 portal websites.
Because so many buyers are beginning their home 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.
Sellers should always ask their real estate agent, if professional photography will be used. If not, find an agent who will. Don't let an agent tell you because we're in a seller's market it isn't necessary. Guess what? No decent photos, no showings.
Professional photography isn't the only requirement. Your agent will need to bring attention to your Sullivan Farms home. Print media and open houses aren't effective anymore. You want an agent who uses 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 blog posts. It is optimized to be found in the search engines. This single-property website for 1349 Jewell Avenue, Franklin TN can still be found in the search engines. Search this address on Google, you'll see this website pop up. That house sold last year and Google still ranks this site. It sold in 5 days for 99.6% of list price. That's the type of coverage you want for your listing.
With the recent changes in the way our multiple listing service is sending out information to the national housing portals, 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.
Buyers are searching for key features that your home may have. Unfortunately, the multiple listing service limits the information we can provide about your Sullivan Farms home. Blogging about your 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 of our clients are from other states. They found us through our internet marketing of Franklin homes.
Not convinced that Franklin Homes Realty LLC leads the pack in internet dominance, let me Google that for you. As you can see 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 other spots are taken by national real estate sites and brokerages. This placement isn't due to ads. The only way to rank in these spots is by being recognized as an authority on Franklin TN real estate by Google.
Curious how we do this? When you get ready to sell your Sullivan Farms home, contact Tammie White of Franklin Homes Realty LLC at (615) 495-0752 and we'd be happy to share how we can do this for you.