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Franklin Tn Homes Have Been Picked Over Like Thanksgiving Leftovers

By
Real Estate Agent with Benchmark Realty LLc License# 00285925

Franklin Christmas FestivalFranklin Tn Homes Have Been Picked Over Like Thanksgiving Leftovers - I have several buyers who are very frustrated now because very few new listings are showing up. When they ask about it, I tell them that traditionally, sellers don't usually want to list anything during the holidays because it's usually the slowest time of the year for buyers to be looking.

This year we didn't really seem to slow down much from the buyers side, but what they have to look at is a quickly shrinking inventory of homes that have been looked at and rejected by many buyers.

Sellers should take this opportunity of short supply and get your home listed. You might be like several others in the Franklin area who find their home under contract the first day it's listed. It's a sellers market right now, even in the middle of winter, with the absorption rate based on November sales at 4 months.

As for buyers, my advise is to wait for what you want, and expect to pay a premium price to get it.

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Comments(6)

TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Good evening, Larry. I can understand their frustration. I really expect things to pick up right after the first of the year.

Dec 21, 2013 06:43 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

The Franklin TN housing market sounds like mine!  Buyers are frustrated here too.  Sellers would be wise to list now, no telling when the market will change -- and it will, it always does.  Merry Christams to you and yours Larry if I don't catch up with you from now 'til then!

Dec 21, 2013 08:06 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Larry - My buyer clients experienced the same thing last year, but this year there seems to be a lot more available.

Dec 21, 2013 10:31 AM
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Larry ....I agree with Michael ...after the holidays I bet things get better.

Have a great day in Nashville and Franklin!

Dec 21, 2013 08:32 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Michael - I think sellers are in a really good position right now, but some buyers still think they are in a buyers market. They always miss the best homes by making low ball offers

Michelle - I've seen your posts, I know that you are in a serious sellers market and it will probably stay that way for a long time.

Rob - I know that more homes are on the way, and I'm, trying to keep my buyers from making a hasty decision.

Dec 22, 2013 09:36 PM
The Brewer Team - Benchmark Realty
Benchmark Realty - Franklin, TN

Now this is starting to become a royal pain. I'm hoping that when the year begins, people will start to believe that they have equity in their homes and they can move up to that dream that they always wanted.

Dec 27, 2013 12:09 AM