Buy Low, Sell High!

By
Real Estate Broker/Owner with Franklin Homes Realty LLC

Westhaven Homes for Sale in Franklin TNTonight, I attended a Christmas party at the home of some friends who purchased a home through me in the Westhaven neighborhood of Franklin earlier this year.

It was going to be the first time many friends in my sphere of influence would be seeing the house. I knew there might be some talk of what a similar home in the neighborhood would cost so I did a little bit of homework before going to the party.

My friends purchased the pictured home back in February for $480,000. That same model just closed recently for $587,000. That's a whopping $107,000 in just 10 months. Now, this home needed a little work when my clients purchased it. They also took a massive bonus room and converted it into a 4th bedroom and a media room. They have probably put $20,000 into the home. Even with the money they've spent, they would stand to make a pretty hefty profit if they decided to sell right now.

I always tell clients: buy low, sell high. My clients don't have any intentions of selling. They plan on being there for a long time. But this is a great example of how buying a home in the right neighborhood that may need a little work, can really pay off in the long run.

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

It is a very beautiful home Tammy. I love it too.

Dec 14, 2013 02:53 PM #1
Rainmaker
379,133
Jill Watts
Realty Pro, Inc. - Vancouver, WA
A Luxury Experience at Every Price Point!

Thanks for reminding us to be prepared ith neighborhood comps for general conversation.

Dec 14, 2013 04:07 PM #2
Rainmaker
5,227,198
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Tammie...that looks like a two family home???  wow...what a good deal in a neighborhood...

Dec 14, 2013 06:13 PM #3
Rainmaker
3,780,718
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Tammie. How smart you are to prepare information before going to the party. Buying right is important but timing the market is impossible. If you live in your investment and are looking to make a home it matters less. Merry Christmas. Suggested.

Dec 14, 2013 09:02 PM #4
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Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Amen to that Tammie!  It's always best if a buyer can buy low, even if they aren't going to sell for a long time.  

Dec 14, 2013 10:30 PM #5
Rainer
229,542
Jill Winchel
Royal Shell Real Estate - The Koffman Group - Cape Coral, FL
We make it easy. You make it home.

Good price on that home, Tammie. Also like how you were prepared for the party. The more you know...

Dec 15, 2013 02:03 AM #6
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Wow, that is a fantastic increase in the value of their home in a very short period.

Dec 15, 2013 03:47 AM #7
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

That looks like a wise investment and a smart Realtor that made it happen. Your clients have to be singing your praises. 

Dec 15, 2013 11:46 AM #8
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Franklin TN Homes for Sale
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