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Middle Tennessee has become an unpredictable market, with large swings in home values, often month-to-month. Understanding the patterns of the market is important in determining the right time to put your home on the market.
New construction is dominating the housing market throughout Middle Tennessee, and it has an impact on owners of pre-existing homes. Concessions are something buyers are growing to expect, and it's something sellers should be aware of from the very start of the process.
Homes in Nashville sell at a price lower than the asking price nearly 70% of the time, according to the Zillow Home Index. demonstrating that the market as a whole is seriously overpriced. This is FAR less prominent in surrounding communities, but underscores the importance of comparing your home sale price to other transactions in the neighborhood — not city-wide.
Join us and discover what we can do for you.
Getting the price right is critically important in today's market, and it's never been easier because of the breadth of data available. Combined with tech tools that help us provide the most accurate market data in the history of real estate, we can provide market valuations with pinpoint accuracy.
A relationship between a client and a Realtor has to be built on trust, and that is especially true with sellers. As a fiduciary, it is our responsibility to tell you the truth, even if it hurts us or is something the client would like to ignore. Open, honest communication is the foundation of our business.
The #1 complaint customers have about their real estate agents are they don't answer the phone, and don't respond to texts and emails. At Payne Real Estate, you will never have that problem. We are so committed that we pre-schedule our communication. This means you know when to expect us, and your concerns will never fall through the cracks.
This is where most sellers lose. Successful real estate listings require the right number of photos, amazing descriptions of the property, and information that gets the attention of real estate agents. This is a creative process, and should be an important factor in choosing who to list your hosue with.
Because of new build homes, the listing price should be more than the listing price. While there are exceptions, most sellers should at a minimum be paying the buyer's closing costs. In some cases, it may be more, and in some cases, less, but for sellers in competitive markets, this could be a reason someone doesn't buy your home.
As a member of Benchmark Realty, Payne Real Estate is part of an army of 1,900 agents in Tennessee, who represent a massive market share in Middle Tennessee, and have sold over 41 billion dollars of real estate in the last 20 years.
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Housing information is based on information submitted to the MLS GRID, updated dailey All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This content was last updated from Realtracs
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