Franklin, TN Real Estate News

By The Brewer Team - Benchmark Realty
(Benchmark Realty)
Franklin Tn real estate for sale and October 2015 market update - 184 Franklin Tn homes closed during the month of September at an average price of $460,869. The absorption rate based on September sales and the current inventory is 4 months, and the average days on market is 61 days. Franklin homes are in a sellers market. the average list price to sales price ratio for Franklin Tn Homes in September was 98% 310 Franklin TN homes are pending at this time 716 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract the absorption rate based on September sales is 4 months The top Franklin Tn neighborhoods for the month of September based on sales were Westhaven with 13 closings Fieldstone Farms with 10 closings Ladd Park wi...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Villages of Clovercroft Pending Sale: 403 Letitia Dr, Franklin TN 37067Last year, I was contacted by a couple who were looking to purchase Franklin new construction. They were in the early stages but recognized they would need a knowledgeable agent to help them accomplish the purchase of a new home and the sale of their existing home. They found me through a Google search for Franklin new construction homes that directed them to my ActiveRain blog. They liked what I had to say and asked if I could meet with them that afternoon. Two hours later, I was sitting in their home and we talked through their housing plans for the future.  They signed a Buyer's Representation Agreement that day and we began their search for new construction the following week. It took quite awhile to find exactly...
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By NICOLETTE FONTAINE, FLORIDA REALTOR
(Donohue Real Estate )
As of Oct. 7th, 2015 Greater Nashville Association of Realtor's Report, There were 3,444 home closings reported for the month of September. That number is up 10.3% from the 3,122 closings reported for the same period last year.     Year-to-date closings for the Greater #Nashville #Tennessee area are 28,252. That total has gone up 13.3% from the 24,942 closings reported through the third quarter of the previous year.     “The double-digit increases in home sales for the third quarter and year-to-date are further proof of how strong the real estate market and the overall economy is in Middle Tennessee,” said GNAR President Cindy Stanton. “Every county covered in the report showed an increase in residential sales and median price, with most showing the same for their respective condominium...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin Tn real estate for sale and October 2015 market update - 184 Franklin Tn homes closed during the month of September at an average price of $460,869. The absorption rate based on September sales and the current inventory is 4 months, and the average days on market is 61 days. Franklin homes are in a sellers market. the average list price to sales price ratio for Franklin Tn Homes in September was 98% 310 Franklin TN homes are pending at this time 716 Franklin TN homes are currently listed in the Nashville MLS as available for purchase, but most are already under contract the absorption rate based on September sales is 4 months The top Franklin Tn neighborhoods for the month of September based on sales were Westhaven with 13 closings Fieldstone Farms with 10 closings Ladd Park wi...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Today, we received a repair request from the buyers of one of our listings. The house was built in 2010 so we knew there wouldn't be much, if anything, to do. As expected, the list consisted of a few handyman repairs; no plumbing, electrical, HVAC or roofing items.Mr. Seller is quite handy and knew he could knock out these repairs in an hour or two. But wait...the buyer requested all repairs be completed by a licensed contractor.I am all for licensed contractors completing roofing, HVAC, plumbing and electrical repairs but when a smoke detector needs to be replaced, it doesn't take a licensed contractor to do that. Additionally, handymen aren't licensed in Tennessee. That's right, a handyman is NOT required to be licensed in our state. Many times sellers are hiring handymen, thinking th...
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By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
FRONT STREET CRAFT BEER CELEBRATIONIt is time for the Front Street Craft Beer Celebration so it must be October!You will have the opportunity to sample 30+ craft beers on October 3rd from 4 pm until about 6 pm and then the concert goes until 10 pm on the lake at Front Street in Westhaven Town Center. Craft beers and growlers can be purchased after the Beer Garden closes. Rain or shine the event will go on even though it is an outside event.  Tickets are available in advance or at the door until the event is sold out. Ticket information and further information about the event is online. Food Trucks will be available for dining but this is not a stroller nor pet friendly event, so plan accordingly. Included with the ticket purchase is a five ounce souvenir glass, a brewer’s list card and ...
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By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
Westhaven Franklin TN Community Garage SaleWesthaven community is once again having a neighborhood wide garagesale.  Mark your calendar and plan to attend Saturday, September 26thbeginning 7:30 am and lasting until til 12:30 pm.There will be a variety of items available at various garages throughout theneighborhood so be sure to allow ample time to browse.Westhaven is located on New Hwy 96 W just 3 miles outside of Franklin.  While you are in Westhaven take a stop into visit some of the shops or grab lunch at Oscars Taco Shop.There is even a candy shop on Front Street that you can drop in and get a snack for the kids after doing a bit of shopping.Franklin TN Real Estate with Mike Grumbles & The Relocation Engineer, Engineering Your Next Move in and around the Franklin TN Community.The ...
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By Mike Grumbles, The Relocation Engineer in Franklin TN
(Gray Fox Realty)
Wounded Warriors will ride thru Franklin TN Sept 26th, 2015Battle Ground Academy (BGA) will be the start and finish location of the Wounded Warrior Project Ride to honor our heroes and serve men and women.  This is a great tribute by the Franklin community and many neighborhoods including Westhaven will be part of the route for the Wounded as they bike around scenic Franklin TN.The rehabilitative bicycling ride is in memory of Master Sergeant James “Tre” Ponder who is from Franklin.  There are rides ranging from 25 to 85 miles so take a look at the communities and approximate times that the tour will be in your vicinity and take time to stop, wave your American Flags and to cheer on these soldiers as they cope with returning to a lifestyle after war and with injuries that they incurred ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Today I met with a buyer for a consultation. As we sat down to discuss her relocation to Franklin, I asked how she'd found me. She chuckled and then said, "You're probably going to find this a little funny." When she moved here two months ago, she signed up on every agent website she could find. She didn't realize at the time that all these sites have access to all the listings. She thought each site would have that particular agent's listings only. She included her cell number as a contact number. She said these agents have been calling her incessantly. She believes their behavior is borderline harrassment.Anyhow, she said I was the only agent who didn't call her. She was so surprised by this that she gave my website address to a friend and asked her to register. That person did and ne...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Recently, while in the process of negotiating an offer, I suggested a very short turn-around time. We knew there was a possibility that another buyer might come in and I didn't want my buyers to lose this home because we gave the seller too much time to contemplate.As I was talking to the buyer about my reasons for doing this, he said, "You're a bulldog when it comes to negotiations". Then he went on to tell me he meant it in a good way. That was one of the reasons they hired me.The buyers knew it was going to be difficult to find a home in their price range because of the increased demand. They wanted someone who would not only aggressively pursue properties but would also not be pushed around by other agents or their sellers. They felt very secure knowing I was going to "fight" for th...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes for sale - The number of homes closing in August was smaller than in previous years, but still one of the most active in Williamson county with 15 closings, as with a lot of neighborhoods in the Nashville area, Westhaven has a shortage of completed homes, and prices tend to rise when buyers outnumber sellers. The average price of Westhaven homes sold during August of 2015 was $652,081, compared to $497,859 just 12 months ago, an increase of 30%. It's obvious to me that the builders in Westhaven are now building larger and more expensive homes, and that's why you see the large increase. The average size of homes sold increased from 2703 square feet to 3573 square feet, but the price per square foot remained almost the same at $182. 15 Westhaven homes sold during the month...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Today is a beautiful 84º in Franklin TN. This weekend temperatures are predicted to be in the 70's a welcome break from the heat as we enter the Fall season. Our weather will be fair enough to enjoy outdoor activities for several more months.Thinking of owning a Franklin TN home in zip code 37067 with a gas-powered fire pit? You'll be able to entertain family and friends for months to come. What a great way to enjoy football season as this outdoor oasis also has an exterior wall-mounted TV. This beautifully landscaped backyard even has a water feature for those quiet nights in front of the fire with a glass of wine. The sellers haven't left anything to chance. Every detail of this outdoor entertainment space was meticulously planned; from the lighting to the sounds. You'll be able to en...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Franklin TN has been in a hot seller's market for much of the last three years. Due to the lack of inventory, home prices continue to rise. Prices are climbing so quickly, appraisers only use comparable sales made within the last 90 days.When one of my listings is being appraised, I don't leave anything to chance. I meet the appraiser at the listing. I provide a list of upgrades my clients have made to the property, I provide them with a copy of the contract (which has already been provided by the lender) and then I send them the comparable sales that helped us determine the sales price for our listing.While not every appraiser appreciates this, it does make his job a little easier when looking at comparable home sales.I always ask that they call me if they have questions or don't think...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Fieldstone Farms homes for sale and August 2015 market report - 15 homes sold in Fieldstone Farms during the month of July exactly the same number as last year. Inventory levels of available homes continue to be a problem for home buyers with only 23 properties listed in the Nashville MLS at this time. Fieldstone Farms homes are in a sellers market with an absorption rate of less than 2 months 15 Fieldstone farms homes sold during the month of July 23 homes are currently available for purchase the average sales price of homes sold during July was $349,386 the average size of homes sold was 2235 square feet the list price to sale price ratio for the month was 98% average days on market for sold homes was just 40 days Fieldstone Farms homes are always in high demand due to the location of...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Last week, we listed the property located at 2718 Buckner Lane in Thompsons Station in Williamson County TN. This acreage is located within minutes of shopping and dining which is unusual for acreage property. It is also right down the street from all three of the public schools zoned for this home. In addition, it's priced extremely well. Needless to say, there has been a lot of interest. Everyone thinks they want to live on 5 acres. That is, until they actually see how large 5 acres is.The home is slightly bigger at 5.58 acres and the house sits high up on a hill. The acreage in back rolls away from the house. With nothing but a farmer's field behind it, the acreage looks expansive.A few of the buyers who thought they wanted acreage have asked, "What does one do with 5 acres in Willam...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Today, I received feedback on one of my listings. In the feedback, the buyer's agent asked a few questions about the property. She ended the feedback with "Is your Franklin home seller flexible on price?".First of all, we are the listing agents on this particular property. Our job is to represent the seller and his interests. we want to get the most money and the best terms for our sellers. That's what they hired us to do. We often hear this question from buyers but were surprised to hear it from a fellow agent.Secondly, when we list a home, we look very closely at the recent comparable home sales for the last 90 days. We preview other similar properties to provide sellers with our first-hand account of their competition. Sometimes we'll see properties that are nicer than theirs and oth...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
1349 Jewell Ave. Franklin TN 37064 in Westhaven SOLD!What does every home seller want when they contact a real estate company...a quick sale for the most amount of money. Well that's exactly what the sellers at 1349 Jewell Ave. Franklin TN 37064 in Westhaven got. This beautiful home sold within 5 days of listing for 99.6% of asking price. When we first listed this home at $565,000, it was priced $15,000 more than the most recent comparable but it had one very desirable feature--a corner lot. Having worked with several Westhaven buyers in the past, we knew this feature was the key to a successful marketing campaign.Even the photo shoot with our professional photographer, emphasized this attribute of the home. We used the phrase "DESIRABLE CORNER LOT" in all our marketing pieces. This foc...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Franklin Tn Homes for sale and August 2015 market update - 240 Franklin Tn homes closed during the month of July compared to 261 for the same month in 2014, a reduction of 9% year over year, mostly caused by a shortage of available homes. The median price Franklin homes sold during the month was $443,786 compared to $406,915 for June of 2014, an increase of 9%. The absorption rate based on July sales and the current inventory is 3 months, and the median days on market is only 47 days. Franklin homes are in a sellers market with many of the better homes getting multiple offers the first day on market, and a good buyers agent is critical to having a chance to compete for the better homes. the median list price to sales price ratio for Franklin Tn Homes in July was 100% 331 Franklin TN hom...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
This morning I received a property valuation request from a home seller in Franklin. There was only one problem. When I went to research her home, I learned that she listed her house with another agent eleven days ago. I'm not sure why she reached out to us AFTER she listed. Maybe she thought we would be the agency to bring a buyer but she shouldn't be contacting other agents at all. Any correspondence should be coming from her listing agent, not her directly. My point--the time to contact Franklin Homes Realty LLC is prior to listing your home, not after.Once you are listed with another brokerage, I can't help you. Obviously, if I have a buyer looking for a home like yours, I will definitely show it. Other than that, I can't do anything to assist you in the marketing of your home. That...
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By Tom White, Franklin Homes Realty LLC, Franklin TN
(Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com)
Franklin TN Condo and Townhome Market Trends --August 2015What's happening in the Franklin TN Condo and Townhome market? The best place to start is to look at a current market report. Let's see what happened in Franklin TN in July 2015.  Active condo/townhomes listings: 68 Of those units currently on the market, the number under contract: 25 Properties closed in July : 21 Average sales price: $271,367 Average list price: $275,956 Average sales price to list price ratio: 98.3% Average days on the market: 43 Average per SF sold price: $156.32 Lowest per SF sold price: $96.38 (Andover) Highest per SF sold price: $250.32 (Grant Park) To determine whether it's a buyer's or seller's market, REALTORS® use something called absorption rate. If you take the current inventory of 68 homes and divid...
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