What's My Leiper's Fork Home Worth? March 2016
- Properties active on the market: 13
- Single-family properties closed in March: 4
- Average sales price: $500,000
- Average list price: $522,446
- Sales price to list price ratio: 95.7%
- Average days on the market: 86
- Leiper's Fork absorption rate: 3.3 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).
Leiper's Fork is experiencing a seller's market. Even so, the list price to sales price is low and the average days on the market are high. It looks like these sellers may have priced their homes high when they listed. Leiper's Fork home sellers must realize pricing their home right is crucial to a quicker sale and will likely lead to a better price.
Wondering what your Leiper's Fork 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. Your home must be show-ready from the time it hits the market. Homes that have been updated with hardwood floors, granite countertops and stainless steel appliances will likely sell for more.
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. We see some well-known listing agents in the Leiper's Fork market who aren't using professional photography. Their listings sit on the market for months.
Sellers should always ask prospective real estate agents if professional photography will be used. If not, pick up the phone and call us. 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 likely sell your home for more due to the increased interest.
Additionally, the best way to bring attention to your Leiper's Fork 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.
We've seen some beautiful Leiper's Fork homes linger on the market. All because the agents are hoping local buyers will find them. There are so many people moving to the area. Agents need to market to a global market to attract buyers. Not all agents know how to do this but we sell houses every day to these buyers who have found us because of our very targeted marketing plan.
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 Leiper's Fork 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 has a limited amount of space to promote your home. 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.
Blogging about your Leiper's Fork 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 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 Leiper's Fork 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 Leiper's Fork 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.