We Specialize In These Area Communities

Clarksville - Cunningham - Palmyra - Southside
Woodlawn - Oak Plains - Shiloh - Adams - Sango

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What's Going on in Today's Clarksville Market?

Today I’m joined by one of our buyer partners, Melissa Hayes, to bring you the latest information from our market. It’s time for another market update.

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Today I’m excited to bring you the latest information from our market. To help me do so, I’m joined by Melissa Hayes—a buyer partner on our team.

Whether you’re a buyer or a seller, it is critical to understand what’s happening in our Clarksville market.

First of all, we had 1,377 properties on the market at this time last year. That number has since dropped to just 1,046 properties on the market right now. This 24% decrease means we’re in a seller’s market.

As a buyer’s partner, Melissa is a valuable resource to people trying to get an offer accepted in this kind of market.

According to Melissa, we’ve closed on 3,108 properties so far in 2017, compared to the 2,794 that closed last year. This 11.24% difference illustrates just how much the market can change in a year.

Homes on the market move quickly. As Melissa puts it, they are “here today, gone tomorrow.” Right now, the market is truly competitive.

Homes in today’s market are here today, gone tomorrow.

In 2016, the average list price was $174,800. This year, that average has gone up to $183,400. However, the average number of days on market has decreased—moving from 66 last year to 57 now.

If you’ve been thinking of selling, the time is now. Buyers have a lot of opportunities right now though, too. Even so, many buyers wonder what an appropriate offer looks like.

Typically, this can be determined by following the statistics related to the list-to-sale ratio. The list-to-sale ratio refers to what sellers ask for compared to what they actually get. Currently, sellers are receiving about 99.02% of the list price.

This is sometimes a good starting point for offers, but in competitive situations it may be better to offer more. It’s incredibly important to work with a buyer partner like Melissa who will be able to guide you through the market.

If you’d like to contact Melissa, you can give her a call at (931) 245-7435.

Also, if you’d like more information or have any other questions, feel free to give me a call or send me an email. I look forward to hearing from you soon.

How to Hire the Right Buyer's Agent

In this crazy seller’s market, it’s important to find the right buyer’s agent for a number of reasons.

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If you’ve been watching the statistics every month, then you’ve seen that we’ve been shifting more and more to a seller’s market. This month, we are definitely there. So what does that mean to you? In a seller’s market, there are a lot more buyers in the market than we have inventory for. It’s very important as a consumer looking to buy a home that you find the right buyer’s agent that will get the job done for you. You need the right agent for a number of reasons. One, in this crazy market, you need to make sure the agent you work with knows how to navigate the market and can find properties using unconventional methods.

In this market, you need the right buyer’s agent.

You need an agent who also knows how to negotiate in a multiple offer situation. When you’re trying to win a bid for a home, it’s important that you have an agent who knows how to negotiate and make your offer stand out.

Lastly, you need an agent who knows the statistics of the market. Knowing how the market is changing from week to week will help the agent educate you on how to make the right deal.

If you have any questions about this topic or you’re looking to buy or sell your home, give me a call. I’d be happy to help!

Can You Sell Your House While Still Living in It?

If you want to sell your house without moving out, follow these four tips.

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Lately, a lot of people have asked me whether you can live in your home while selling it.

Of course you can!

The key to selling your home while living in it is staging. Your home's first showing is on the Internet, so it needs to look great online. It's better to have a home that's staged than to have a vacant home, so we like to give our sellers these tips:

1. Remove all signs of personalization: We know you're proud of your family, but things like family photos make it hard for buyers to imagine themselves living there.

Your agent doesn't the pick your home's price; the market does.

2. Redefine each room for its intended purpose: Say you converted one of three bedrooms in your house to an office—you want to change it back to a bedroom so buyers can see how all the living space works.

3. Pick the right price: This is where the expertise of a real estate professional comes in. They'll give you a thorough market analysis to help us understand the right price. We don't determine the price; the market does.

4. Price your home right the first time and don't lower it: Lowering your price isn't always the best option because there are other things we can do before resorting to a lower price.

If you have any questions about selling your home or you're ready to list it on the market, give us a call or send us an email soon. We'd love to go over more with you!