Franklin TN home sellers ask this question more than any other. The short answer--a Franklin home is only worth what a ready, willing and able buyer is willing to pay for it at a given time.
This value is constantly fluctuating depending upon buyer's needs and what is actively on the market. There is no definitive way of determining a Franklin home's value. That's why it's so important to have an experienced Franklin TN REALTOR® who can interpret the sales data for you.
In an effort to provide buyers and sellers with accurate sales information for Franklin TN, we have provided the most recent market report below:
- ACTIVE: Franklin homes that are currently on the market. This includes homes that may be under contract with contingencies, such as, financing, appraisal, home inspection and sale of home. The homes already under contract with contingencies will have the contingency type listed clearly next to the status.
- UNDER CONTRACT: Franklin homes that are under contract and all contingencies satisfied waiting to close.
- SOLD: Franklin homes that have successfully closed in the last 30 days.
Don't mistake this information as a comprehensive value of your Franklin home. Many things must be taken into consideration when buying or selling a home, including location, features, improvements and condition.
With new lending guidelines due to the Truth-in-Lending Act and the Real Estate Settlement Procedures Act Integrated Disclosure Rules (TRID), some lenders are now requiring a 60 day minimum period to process loans. That is 60 days from contract to close. As a result, Days on Market may be high even though the house went under contract immediately.
When you are ready to sell your Franklin TN home, Franklin Homes Realty LLC can help.