Home Buying in Franklin>Question Details

Nimi, Home Buyer in Tennessee

iam thinking of buying a new house either in franklin or nolensville tn..so its near for my work..where is it?

Asked by Nimi, Tennessee Fri Apr 11, 2008

good to buy to get profits if i would like to sell the house after 3-4 yrs

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Answers

12
I prefer historic Franklin, TN, but Nolensville is nice too.
Call us if you need a home inspection.
0 votes Thank Flag Link Wed Aug 11, 2010
Hi Nimi, Franklin and Nolensville are both great and depending on your situation, you will find one or the other more suitable to the needs of you and your family if applicable. Franklin is a much larger city than Nolensville and the price per square foot is higher than in Nolensville. Historically, housing values in Franklin have increased more when compared to Nolensville.

Here are the stats for Nolensville that I pulled from Trulia:

Average price per square foot for Nolensville TN was $107, an increase of 4.9% compared to the same period last year. The median sales price for homes in Nolensville TN for Apr 10 to Jun 10 was $270,000 based on 59 home sales. Compared to the same period one year ago, the median home sales price increased 2.5%, or $6,597, and the number of home sales increased 22.9%.

There are currently 337 resale and new homes in Nolensville on Trulia, including 2 open houses, as well as 24 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Nolensville TN was $323,084 for the week ending Jul 07, which represents an increase of 0.1%, or $442, compared to the prior week.

Here are the stats for Franklin that I pulled from Trulia:

Average price per square foot for Franklin TN was $139, an increase of 0.7% compared to the same period last year. The median sales price for homes in Franklin TN for Apr 10 to Jun 10 was $283,000 based on 381 home sales. Compared to the same period one year ago, the median home sales price decreased 7.5%, or $22,900, and the number of home sales increased 1.1%.

There are currently 1,903 resale and new homes in Franklin on Trulia, including 12 open houses, as well as 97 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Franklin TN was $571,652 for the week ending Jul 07, which represents an increase of 0.8%, or $4,752, compared to the prior week.

I hope this helps!

Dean
0 votes Thank Flag Link Fri Jul 16, 2010
The joy of the entire Nashville-area market (which includes Nolensville and Franklin) is that the market has held steady throughout the years. While none of us can make projections of future value, remember real estate has historically been a strong investment.
0 votes Thank Flag Link Sun Jul 20, 2008
Because being near your work is important to you, know that Franklin is located in more in the center of Williamson County and Nolensville is in the eastern part of the county, close to Rutherford and Davidson Counties. One helpful thing to know is what is the current absorption rate of homes in each area - how much inventory is on the market.
0 votes Thank Flag Link Thu May 8, 2008
Both locations are not incredible. Between the two, Franklin is the place to buy a home and should offer the best possible opportunity for you to make a profit in 3-4 years. Nolensville is a last resort if you deem Franklin un-affordable. Heck, I'd say buy in Springhill/Williamson County before ever buying in Nolensville.
0 votes Thank Flag Link Tue May 6, 2008
Nimi: Both locations are incredible. The best thing for you to do is to tour both areas... that way you will get a feel for what you like the best. Let me know if I can help you.
0 votes Thank Flag Link Sat Apr 19, 2008
Hi Nimi. It is really hard to say which will yield you the most profits down the road because they are both desirable areas. With Nolensville, you would be comparable with Franklin if you bought within Nolensville in Williamson County. Nolensville straddles several county lines, so the county you buy in Nolensville will make a difference in later values. Nolensville really is developing a lot, so there is a good bit of potential there. I imagine if you buy sooner than later in Nolensville (and buy before much more is developed) you have good potential for upside there. However, Franklin is just that staple that consistently remains a favorite for many. Franklin definitely is the most developed suburb and will probably remain that way for awhile due to everything located in Cool Springs and of course, the downtown Franklin area. Either way, you'll be choosing a great area.
Web Reference: http://homenashvilletn.com
0 votes Thank Flag Link Sat Apr 12, 2008
hi Nimi, I saw that Brenda answered your question too. I think you need to check in whith her. She is from the area. She probably knows both areas well. She can get you the info you need. I bet ya she can help. Good Luck! I bet the weather down there is great! We had snow on the ground this morning.
Sometimes I really miss those hill's Ruby Stice
0 votes Thank Flag Link Sat Apr 12, 2008
Hi Nimi,

Both areas are great places to live. I would write out what you like for each area and see which one more closely fits your criteria. I have been in Franklin for over 22 years and have seen this area blossom into a vibrant community. I work with many buyers that are first time homeowners and new people to the area for job relocation. Feel free to contact me if I can be of assistance.
0 votes Thank Flag Link Sat Apr 12, 2008
Nimi,

I just answered you in a separate post...are you living in the area now? Do you have children? Tell us more about your specific situation and we'll be glad to help!
0 votes Thank Flag Link Sat Apr 12, 2008
hello Ruby..thanks..my job is located in franklin..but the house prices are very high in there(but i am affordable to buy)..will i get profits if i buy a new house there and intend to sell it after 3 yrs ? or can i go for a house in nolensville..where will i get more profits if i intend to sell?
0 votes Thank Flag Link Fri Apr 11, 2008
Hello Nimi, Where is your job located? The communities you are asking about . I suggest you check out map quest and see which is closest. Myself I like the Franklin area. I am a native of Tn. I moved to Green Bay, Wi. a few years ago. I still go back there to visit often. Good Luck!
0 votes Thank Flag Link Fri Apr 11, 2008
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