What's My Westhaven Home Worth? March 2016
- Properties active on the market: 49
- Single-family properties closed in March: 19
- Average sales price: $635,622
- Average list price: $634,125
- Sales price to list price ratio: 100.2%
- Average days on the market: 91
- Westhaven absorption rate: 2.6 months of inventory (a normal or steady market would be 5-7 months; anything under 5 months of inventory is considered a seller's market, above 7 months is considered a buyer's market).
Westhaven is experiencing a seller's market. The list price to sales price is excellent The days on the market seem high but this is due to the fact that 53% of the homes that closed in March were new construction, which always contributes to longer days on the market.
Wondering what your Westhaven home is worth? Just click the photo below and you will receive your home valuation instantly. No more forms to fill out and then wait for a response. You receive the report in seconds.
While the housing market is quite good right now, Westhaven sellers must remember their primary competition is new construction. Pricing right from the onset is crucial to a quick sale. Additionally, online marketing can make or break the sale of your home.
A recent National Association of REALTORS® survey revealed that 92% of buyers begin their home search on the internet. Properties heavily marketed here have a greater opportunity to be found by home buyers. This goes way beyond just syndicating your home from the MLS to portal websites.
Because so many buyers are beginning their search online, photography has become an important marketing tool for real estate agents. The best way to showcase your home is through the use of professional photography. It is by far the best place for your agent to spend his marketing dollars. Who cares if an agent produces fancy listing brochures? If buyers never get to see them, what's the point?
Sellers should always ask prospective real estate agents if professional photography will be used. While the vast majority of Westhaven listing agents use professional photography, what they do with those photos is just as important as the photos themselves.
You want those photographs to show up everywhere online. We have learned how to use the newest technology to get the word out about your house. This includes the use of social media and blogging, something not many listing agents in the Franklin housing market are doing.
Franklin Homes Realty LLC creates a single-property website. This site is used in all our social media and blogging venues. It is optimized to be found in the search engines. For example, this single-property website created for 1349 Jewell Avenue in Westhaven can still be found in the search engines.
Go ahead, Google 1349 Jewell Avenue, Franklin, you'll see it's still on page one of Google even though that house sold last year.
We began promoting 1349 Jewell before it was even listed in the MLS. It sold in just 5 days for 99.6% of list price. That's the type of marketing you want for your Westhaven home.
Given recent changes to the way our MLS sends out listing information to portal websites, it's important to have an agent who really understands how to aggressively market your home on the internet. Not all agents are created equal. You will find that some agents have no internet presence at all. These agents hope their listings will be sold to local buyers. We give our sellers the opportunity to be found by a global market; buyers relocating to the Franklin area.
Buyers are searching for key features that your home may have. Unfortunately, the multiple listing service (MLS) has a limited amount of space to promote your home. It's hard to convey all the features your home may have with 250 characters. That's right, 250 letters. That's not much longer than a tweet on Twitter.
Blogging about your Westhaven home's features brings that information directly to buyers in search of a home just like yours; no matter where they are in the country. Many out-of-state buyers find us from our internet content about our listings and the Franklin area in general.
Not convinced Franklin Homes Realty LLC leads the pack in internet dominance for Franklin? Let me Google that for you. As you can see from the results, our website www.FranklinTNHomesforSaleOnline.com ranks in several places on the first page of Google. We are the only local real estate company to do that. The rest of the spots are taken by portal websites and national brokerages.
This placement isn't due to ads. The only way to rank in these spots is being recognized as an authority by Google in Franklin TN real estate. That is a very difficult thing to do for any brokerage, let alone, an independent brokerage like Franklin Homes Realty LLC.
Curious how we do this? When you get ready to sell your Westhaven home, contact Tammie White of Franklin Homes Realty LLC at (615) 495-0752. I'd be happy to share how we can do this for you.
Are you a buyer who has accidentally wandered onto this post? Click the photo to see Westhaven homes for sale.
Clipart courtesy freedigitalphotos.net.
About Tammie White, Franklin TN REALTOR®
Tammie White is a REALTOR® and Principal Broker/Owner of Franklin Homes Realty LLC in Franklin TN. Tammie works with relocation buyers looking to purchase a home in Franklin and the surrounding Williamson County area. She understands the way buyers search for homes making her an invaluable asset to Franklin home sellers. Her website, www.FranklinHomesRealty.com, has become the premier search tool for buyers moving to Franklin TN. She has been writing a real estate blog since 2009 and been quoted in various publications including the LA Times, Skype.com, The Tennessean and Williamson Source.