Franklin, TN Real Estate News

By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Mckays Mill  - 4 homes sold during October of 2022, 50% less than the same month last year. The average price of homes sold increased 24% during the same period. the list price to sales price ratio of homes sold in October was 99.83% average days on market for homes sold was 3 days 6 homes are currently listed in the Nashville MLS as available for purchase the average price per square foot of homes sold was $272 compared to $223 for the same period last year The average sale price for October was $957,475 compared to $771,070 for the same period last year the average size of homes sold was 3641 square feet 7 Mckays Mill homes are currently pending sale Here is a summary of the conditions of the market for Mckays Mill homes, and it's sister next door the Villages of Clovercroft, it's sti...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
I hosted an open house on Sunday. The weather was beautiful and the open house was in a good location to attract passers-by. We had ten couples who visited that day.As the sellers returned home, I told them we had good traffic but not sure any were legitimate buyers. They suggested we have an open house every week because they are getting more buyers through the house in two hours than they do all week. Just because these people attended the open house doesn't mean they are actual buyers. Sellers often think that visitors attending an open house are interested in buying their house right now and have chosen to view it through an open house rather than contacting an agent. This is rarely the case. As a matter of fact, in the eight years I've been selling real estate, only one open house ...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
403 Letitia Dr, Franklin TN 37067 SOLD!in Villages of ClovercroftWhen Franklin Homes Realty LLC listed 403 Letitia Dr, Franklin TN 37067 back in August, there weren't any homes on the market in the Villages of Clovercroft neighborhood. The sellers had made some wonderful additions to this home including landscape lighting, brick paver patio with gas powered fire pit and a Koi pond. The interior had so many upgrades, we knew it was going to be hard to compete with homes in the neighborhood of a similar size that might be priced better but had fewer amenties. We took advantage of this lull in inventory and priced the home more in line with the new construction of Amelia Park about a mile down the road. Not surprisingly, neighbors saw this as an opportunity to enter the market at a higher ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Westhaven Homes in Franklin TN - 13 homes sold during the month of September at an average price of $566,144. Westhaven homes in Franklin TN are always in high demand, and the prices reflect that. With 49 homes currently in under contract, you can expect the sales volume to continue for the rest of the year. 13 Westhaven homes sold during the month of April the average price of homes sold during the month was $566,144 the average size of Westhaven homes sold was 2836 square feet the average days on market for homes sold was 70 days the list price to sales price ratio was 101% so don't even think about a low ball offer 49 Westhaven homes in Franklin Tn are currently under contract 73 homes are currently listed in the Nashville MLS but most are still under construction Westhaven homes in ...
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By Larry Brewer - Benchmark Realty llc
(Benchmark Realty LLc)
Polk Place Homes in Franklin TN - October 2015 Prices of Polk place homes have been on a steady rise for that last few years, as have most of the homes in Franklin Tn. The median price of homes in October increased 11% year over year during the month of September. 4 Polk Place homes sold during the month of September compared to 2 in the previous September the average sales price of homes sold during the month was $427,925 compared to $374,000 last year average days on market for homes sold was down to 32 Days the average size of homes sold was 3222 square feet making the average price per square foot at $133 2 Polk Place homes are currently listed in the Nashville MLS as available for purchase 3 homes are under contract at this time Polk Place homes are in a sellers market with the abs...
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By Maria Holland, Realtor, ABR, GRI, CDPE, SFR
(RE/Max Homes & Estates, ABR,GRI, CDPE, SFR)
 Lease this charming home!  Just minutes from downtown Franklin you can live the dream.  Sidewalks and park areas accent the neighborhood making the area ideal as well.  Featured here you will find 5 bedrooms and 4 baths.  All bedrooms are up with the exception of a guest suite down which the current owners have used as an office.  This open and light filled floor plan will simply stun and delight your senses.  Hardwoods mark the entire first floor along with beautiful crown molding and lighting.  Granite counters grace the Kitchen and master bath. Stainless steel appliances along with a gas cooktop highlight the kitchen.  The large wrap around bar is perfect for every day living and even better for entertaining.  Large windows are accented along the back of the house allowing natural l...
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By Tammie White, Broker, Franklin TN Homes for Sale
(Franklin Homes Realty LLC)
Due to the limited housing inventory in Franklin TN, many buyers are turning to new construction homes. It's easy to see why large numbers of buyers are opting for new construction. Not only do they get to choose their finishes but they also get new roofing, plumbing, electrical, heating and cooling systems.If a buyer was purchasing an existing home, he would always get a home inspection. After all, he's not an expert in roofing, plumbing, electrical, heating or cooling systems. Why then does that same buyer think it's not necessary to get a home inspection on new construction?Primarily because he feels he has some added protection through the one-year home warranty offered by the builder. Unfortunately, without a home inspection there's no way of knowing if everything is working proper...
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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 --October 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 September 2015.  Active condo/townhomes listings: 67 Of those units currently on the market, the number under contract: 27 Properties closed in September : 28 Average sales price: $271,809 Average list price: $ 274,249 Average sales price to list price ratio: 99.1% Average days on the market: 57 Average per SF sold price: $167.78 Lowest per SF sold price: $104.66 (Andover) Highest per SF sold price: $263.37 (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 67 ho...
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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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