Our market is buzzing hot! Some sellers are receiving multiple offers in a matter of days on the market. Homes are selling close to, if not at, listing price. It almost feels like a seller could just stick a sign in the yard and BOOM, the house will sell.
But this isn’t always true. Some homes are still hanging around on the market for months, without nary an offer. Why is that? What is keeping these sellers from moving their property in a hot market? The following are 5 common mistakes that may cause your home not to sell:
1. “I don’t have to sell, but since the market’s so hot…” Sellers with this attitude rarely get what they want. They tend to overprice, thinking the demand will work in their favor. But even in a hot market, buyers won’t pay more than the comps indicate.
2. “I’ll lower the price and let someone else do the updates.” This can work, but only if the updates aren’t overwhelming or you’re choosing to list your home lower than the updates would cost. Sometimes a small thing, like replacing all the brass doorknobs, hinges and hardware will make an older home feel more contemporary.
3. “I just don’t have time to get my home show ready.” It’s amazing what cleaning and de-cluttering can do for a home. And this starts with the photos. Remember, your first “showing” is your online presence. Rent a storage unit if you must, but get that house as minimalistic as you can…right down to the closets.
4. “Staging is for sissies.” This is kin to point #3. A buyer wants to picture themselves living in your home. If you have a couch with holes, furniture that dwarfs a room, or even outdated bedspreads, they may feel more like they’re in a second hand store than in a home that feels just right.
5. “We got an offer? But I don’t have anywhere to go!” Before you place your home on the market you need to answer this question: “What will we do if our home sells in the first day?” If you don’t have a plan in place, you’re likely to miss a good offer on your home out of fear. If you haven’t found another home to purchase, will you rent? Move in a hotel? Live with your parents? Although it’ ideal to have a door to door move, it doesn’t always happen. Have a plan in place if you’re home is that hot one!
Now…get that house ready to move!
Williamson County is one of the fastest growing counties in America. Why?
1. A strong business environment. Nissan, Mars Pets Corporation, Comdata Corporation, MedSolutions Inc, Jackson Life Insurance Co, and Viacom are among the 6,000 businesses that call Williamson County home. The low cost of doing business, coupled with no state income tax, has produced a 14% job growth between 2008 and 2013. This has resulted in a mere 4.7% unemployment rate in February 2014. In 2010, Bloomberg Business week ranked Franklin, TN one of the top 10 cities for start ups.
2. Quality education. 52% of the residents of Williamson County have a bachelor’s degree or higher, compared to the national average of 36%. Williamson County public schools are consistently ranked among the best in the nation, with a 93.8% high school graduation rate. The 2012 American’s Best High Schools and 2013 US News Best High Schools included four Williamson County High Schools. It just doesn’t get any better than that!
3. The wonderful quality of life. Williamson County recently earned the distinction as the healthiest county in Tennessee. With multiple parks and recreation facilities, as well as miles of biking/jogging trails, Williamson county is full of choices to keep you active! The weather in Middle Tennessee is mild, with gorgeous springs and falls, and relatively short winters, so you actually are able to enjoy all those trails!
4. A huge variety of entertainment! From huge arena events, to smaller intimate venues, there is something for every music lover. Nashville IS Music City, after all. Williamson County has it’s share of music as well. Enjoy the outdoor music venues of Crockett Park or Arrington Vineyards. Step indoors to the stage of the Franklin Theater, Puckett’s Grocery or many of the other establishments that feature live music.
5. The people, of course! Davidson and Williamson counties combined have the largest number of charitable organizations in the nation. That generosity, kindness, friendliness and desire to serve can be felt in a walk through the streets of downtown Franklin and in the local grocery stores. Folks will look strangers in the eyes and greet them. People will open doors for each other. “Please” and “thank you” are common phrases. Williamson County offers a kinder, gentler way of life!
Need more? If a picture is worth a thousand words, a video is worth…? But watch out, this might just make you want to move here!
The Liveability of Williamson County