How Do You Determine the Value of My Franklin TN Home?

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

How Do You Determine the Value of My Franklin TN Home?

How Do You Determine the Value of My Franklin TN Home?Many Franklin TN home buyers comparison shop today when buying a home. In fact due to the internet, buyers have more access than ever to information to determine the value of your home. They'll not only be looking at the asking prices of homes in your market but also the selling prices of recent homes. You should be doing the same. 

The best way to determine the current value of your home is to have a licensed Franklin TN REALTOR® perform a Comparative Market Analysis. There are three categories of home prices that should be used to determine the best sales price for your Franklin TN home.

1. Active Listings - These are the current homes for sale in your neighborhood or market.

 2. Closed Home Sales - These are the homes that have most recently sold in your neighborhood or market.

 3. Expired Listings - These are homes whose listing expired in your neighborhood because they did not sell.

In a normal selling market, your home should be priced at the top of the most recent closed sales and at the bottom of the homes currently for sale. If you price at the same price where other homes expired, then your home will remain on the market and eventually will expire as well.

To receive the best sales price for your home in the least amount of time, you must price your home at market value from the beginning.

Remember, your real estate agent's job is to sell your home not price it. He doesn't determine the value of your home--the market does. Similarly, the best marketing and exposure in the world won't sell an over-priced home.

The Comparative Market Analysis gives you the reality of the market so you can make an informed decision.

Market trends will definitely influence your pricing strategy. The worst thing you can do is price your home high in a declining market. The result will be that your home will stay on the market for a very long time.

Sellers will often price their home in relation to what they paid for it. Don't make this mistake. There is absolutely no relationship between the price you paid for your home and the current market value.

If you are looking to sell your Franklin TN home and would like to receive your free Comparative Market Analysis, please contact Tammie White at (615) 495-0752.

Want to begin your Franklin TN home search? Click Franklin TN homes for sale.

Posted by
Tammie White, Managing Broker/Owner
CLHMS, CRS, GRI, SFR
Franklin Homes Realty LLC
Franklin, TN
(615) 495-0752 
GET REAL. GET LOCAL.
 
This posting with the content written here and photographs displayed are the intellectual property and opinions of Tammie White of Franklin Homes Realty LLC. Any party who uses this material without the written permission of Tammie White is subject to copyright infringement and possible lawsuit.
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Rainmaker
891,920
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

Great Post Tammie! I particularly like your comment, "real estate agent's job is to sell your home not price it. He doesn't determine the value of your home--the market does. "   

Dec 31, 2012 07:12 AM #1
Rainmaker
708,642
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

I totally agree Tammie! There is no relevance with how much you bought your home and it's current market value. Very informative post. Keep it up and stay the best Franklin TN short sale agent.

Jan 01, 2013 02:51 AM #2
Rainer
71,855
Bas Panch
SCV Home Buyer - Valencia, CA

I can't help but agree with your post Tammie. Detailed and precise, very well done! You really are the finest Franklin TN short sale agent.

Jan 01, 2013 04:39 AM #3
Ambassador
1,704,410
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Sussie - It's the truth, after all. Happy New Year.

Erika - No there isn't.

Bas - Thank you for your continued support.

Jan 01, 2013 04:52 AM #4
Rainmaker
297,384
Debbie Harr
Homes that Click Realtors - Columbus, OH
Realtor Homes That Click, Worthington Ohio Homes

Awesome post Tammie. Getting a Comparative Market Analysis really helps to know the value of a home. Good stuff! Keep it up as best Franklin TN short sale agent.

Jan 01, 2013 05:25 AM #5
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