Written by Tammie White, Principal Broker/Owner of Franklin Homes Realty LLC
2018 is off to a great start. It's only January 2 and the phone has begun to ring. Buyers relocating to the Nashville area are anxious to find a home before the Spring; making Winter a perfect time to list your house. Here are 5 reasons why you should think about selling your Franklin TN home this winter:
1. Demand is Strong
The U.S. Census Bureau recently reported that 100 people a day are moving to the Nashville area. Many of these buyers are looking for a home in Franklin. Home buyers have already secured jobs here. They are ready, willing and able to purchase and on the hunt for a house right now! Many of these buyers are competing for the same home, driving up prices.
Take advantage of the increased buying activity now!
2. There is Less Competition Now
As of this morning, the housing inventory is at a 2-month supply in Franklin. This means there aren't enough Franklin homes for sale to satisfy the demand. A normal housing market would be 6-months of inventory. Our 2-month supply puts us in an extreme seller's market. Homes coming on the market in good condition and priced right are selling within the first few days.
In the past, we would see homeowners staying in their homes for five to six years. However, since the economic downturn of 2008, homeowners are staying in their houses for nine to ten years. The result is a pent-up desire for homeowners to move. Now that they have achieved positive equity in their current home, they are ready to relocate to Nashville to take advantage of our strong economy. As more and more home values increase across the country, more and more home buyers will be ready to move to our area.
Take advantage of less competition and low inventory!
3. The Process is Quicker Now
Today's buyers typically have already been pre-approved for a loan. When the right house comes on the market, they are poised to make a move. This makes the buying process much quicker and less stressful for home sellers. Plus, lenders, appraisers and title companies are less busy during the winter months; providing a quick closing to sellers eager to move.
Take advantage of pre-approved buyers and a quicker loan process!
4. There Will Never Be a Better Time to Move
Whether you are upsizing or downsizing, there will never be a better time to move. The increased equity in your home makes it possible to buy homes that previously were out of your range. If you're hoping to move into a luxury home, the inventory in these homes has forced sellers there into a buyer's market. You'll get more bang for your buck at these higher price points. If you're looking to downsize, your increased equity allows you to get into areas that you previously couldn't afford; as our home values have continued to rise at a rate much higher than other areas of the country.
Take advantage of your increased home value!
5. It's Time to Make a Change
Carefully look at the reasons you were thinking of moving in the first place. Is it worth it to wait? Is money more important than being close to family? Is money more important than your health? Is money more important than making a lifestyle change?
Only you can answer these questions. Selling in the winter gives you a jumpstart on the type of life you really want to live. Why wait?
Take advantage of this timely housing market!
Still not convinced that the Winter is the best time to move, just click the photo below to view our property valuation page. Type in your address and you'll receive your instant property report within seconds. No need to wait for a call from a real estate agent, just type in your home address and your home value will pop up.
For a more detailed analysis of your property, call Franklin Homes Realty LLC today at (615) 495-0752.
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. Tammie's website, www.FranklinHomesRealty.com, has become the premier search tool for buyers moving to Franklin Tennessee. She has been writing a real estate blog since 2009 and has been quoted in various publications including the LA Times, Realtor.com, Skype.com, The Tennessean and Williamson Source. Trust your home sale to the agent who has sold 100% of her listings since 2012. Call Franklin Homes Realty LLC today!