Tiffany White - Franklin TN Real Estate

While showing homes in the Franklin TN area this past weekend I had a surprising experience. At a glance there seems to be quite a few properties that fit my clients' needs and their price range - the mid $200,000s. We looked at five homes but could have choosen a few more to see. You might expect some of those five homes to be good prospects, right? Not even close! We have excluded all five homes plus one other property that we drove by. My buyers are looking for a house with three bedrooms on the main level and very few stairs to enter the home. They want a little space to raise a family and be able to relax outside. The Goal: A one level home with or without a bonus room. Unfortunately, this is what we found:

1) The home was not put into the MLS correctly. It indicated three bedrooms on the main level but in reality, it only had one down stairs. You had to climb a whole flight of stairs to reach the other two bedrooms. We didn't even look upstairs because my client can't physically climb that many stairs. This is probably my biggest pet peeve - attention to detail when using one of the greatest resources agents have. The MLS information is only as good as the attention to detail of the person putting in the listing!!

Do you have interest in a house with 0 bedrooms and 5 full baths? I know where that one is too! The sellers would probably be sick if they realized how many people don't even know their (limited service) listing is on the market! I can't recall a single home search I've set up that didn't begin with minimum number of bedrooms.

2) The price was appealing but the traffic noise from the nearby Interstate was not what my clients had in mind for relaxing in their back yard. This house would also require a good bit of updating to be what they wanted.

3) Lots of traffic noise from a parkway behind house. This house also needs some work.

4) Very nice home. Exactly what my clients are looking for but there's a busy parkway just past the beautifully landscaped back yard. Again, too much traffic noise.

5) My clients weren't comfortable with the neighborhoods surrounding this last house.

Even though we crossed out each of these houses on our list, I do consider it to be a productive afternoon. This was our first day out to look at homes so even though I knew some of these homes backed to a parkway, I still thought is was worthwhile to view the house as an example of what the neighborhood had to offer. It's good for buyers to see what is really out there. The photos and details online might make a house look better than it is or it might only tell part of the story. You've got to see the property in person - inside, outside & the surrounding area to tell if it's for you. While certain areas and price ranges do have a lot of inventory that MEETS YOUR EXCEPTATIONS, others might not.

These particular buyers are looking for something that is a bit scarce in this price range. When it pops up, we are going to have to move fast. Don't let popular opinions or misconceptions (all sellers are desperate, homes are selling for way below asking price, there are plenty of homes to choose from, etc.) keep you from your ideal next home. As for the buyers I spent the afternoon with, they are pre-qualified and we are ready to pounce when the right property comes along!

To find out more about Franklin TN Real estate, call Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com

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The Franklin Green neighborhood social events for the first part of 2009 have just been set. Here they are:

Easter Egg Hunt - Saturday, April 4th at 10 AM (Rain date Sunday, April 5th at 2PM)

Spring Yard Sale - Saturday, April 18th from 8 AM to 2 PM

Summer Pool Party - Saturday June 6th from Noon until 3 PM

Additional details will be in the March 2009 issue of The Green Gazette. Residents should look for it in their mailbox around mid-March.

Please contact Tiffany White, Franklin Green Social Committe Chair, with questions at 615-260-5858 or email TiffanyWhite@kw.com.

Historic Downtown Franklin, TN

Call Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com for information about buying or selling a home in Franklin, Tennessee.

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Spring Hill TN (Williamson County) Single Family Home Sales Statistics based on MLS data for October through December.

Even though the market is down in the Greater Nashville area, our property values have only dropped slightly since the market shift in mid-2007. If buyers expect to come in and secure a contract on a home by offering 20% below the asking price, it's not likely to happen! The ratio of sale price to list price in the Williamson County part of Spring Hill was 98.3% during the last quarter of 2008. This is based on the 64 homes that actually SOLD and CLOSED. It does not include the 213 listings that expired or were withdrawn during the same time period. Home sales were down 33% the last quarter of 2008 compared with 2007.

Below is a look at how our Spring Hill real estate market has changed over the past few years. We shifted from a sellers market to a buyers market rather abruptly in approximately July/August 2007. Activity dropped sharply over the matter of just 3 weeks. Chances are that the next market shift will also happen very quickly.

Spring Hill TN Average Sale Price per month 2006, 2007 & 2008 for single family homes

Spring Hill TN Average Sale Price per Square Foot monthly for 2006, 2007 & 2008 based on single family home sales

Spring Hill TN Average Days on Market for 2006, 2007 & 2008 based on single family home sales

Call Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com for more information about buying or selling a home in Spring Hill, Tennessee.

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Brentwood TN (Williamson County) Single Family Home Sales Statistics based on MLS data for October through December.

Even though the market is down in the Greater Nashville area, our property values have only dropped slightly since the market shift in mid-2007. If buyers expect to come in and secure a contract on a home by offering 20% below the asking price, it's not likely to happen! The ratio of sale price to list price in Brentwood was 96.6% during the last quarter of 2008. This is based on the 86 homes that actually SOLD and CLOSED. It does not include the 349 listings that expired or were withdrawn during the same time period. Home sales were down 38% the last quarter of 2008 compared with 2007.

Below is a look at how our Brentwood real estate market has changed over the past few years. We shifted from a sellers market to a buyers market rather abruptly in approximately July/August 2007. Activity dropped sharply over the matter of just 3 weeks. Chances are that the next market shift will also happen very quickly.

Brentwood TN Average Sale Price per month 2006, 2007 & 2008 for single family homes

Brentwood TN Average Sale Price per Square Foot monthly for 2006, 2007 & 2008 based on single family home sales

Brentwood TN Average Days on Market for 2006, 2007 & 2008 based on single family home sales

Call Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com for more information about buying or selling a home in Brentwood, Tennessee.

MY NASHVILLE TN AREA REAL ESTATE LINKS

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Franklin TN (Williamson County) Single Family Home Sales Statistics based on MLS data for October through December.

Even though the market is down in the Greater Nashville area, our property values have only dropped slightly since the market shift in mid-2007. If buyers expect to come in and secure a contract on a home by offering 20% below the asking price, it's not likely to happen! The ratio of sale price to list price in Franklin was 96.5% during the last quarter of 2008. This is based on the 223 homes that actually SOLD and CLOSED. It does not include the 608 listings that expired or were withdrawn during the same time period. Home sales were down 35% the last quarter of 2008 compared with 2007.

Below is a look at how our Franklin real estate market has changed over the past few years. We shifted from a sellers market to a buyers market rather abruptly in approximately July/August 2007. Activity dropped sharply over the matter of just 3 weeks. Chances are that the next market shift will also happen very quickly.

Franklin TN Average Sale Price per month 2006, 2007 & 2008 for single family homes

Franklin TN Average Sale Price per Square Foot monthly for 2006, 2007 & 2008 based on single family home sales

Franklin TN Average Days on Market for 2006, 2007 & 2008

Historic Downtown Franklin, TN

Call Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com for more information about buying or selling a home in Franklin, Tennessee.

MY NASHVILLE TN AREA REAL ESTATE LINKS

Homes for Sale

Blog Posts

Index of Articles