Answers by Kimo Quance

Sawyer, I'd keep it at $565k and let the central air do the work. You've already cut once, and anyone watching the listing will see a jump back to $575k in the price history. Raising it right after a cut tends to make buyers ask what's going on, and it resets nothing about your days on market. What changed is the house, so market that. Once the system is in, update the description and photos, and have your agent reach out to every agent who showed it and passed over the AC. At this price in Franklin, most buyers expect central air, so its absence was likely costing you showings and pulling offers down. With it in, I'd expect offers to land closer to list instead of you giving it back in credits. Before you decide, pull the closed sales nearby from the last six months with central air and similar size and finish. If they support $575k and your house now matches them, a small bump can work. If they don't, a higher price just adds days on market, and on a flip the holding costs add up fast. I've invested in real estate since 2005, and on my own projects I'd rather take a slightly smaller margin than carry the house another two months. If your home is listed with another agent, this is general information and not a solicitation of your listing. Please run any changes past your agent first. Kimo Quance, Realtor, eXp Realty, Franklin TN, TN license #369038

Holden, I'm a Realtor, not an attorney, so take this as a list of what to ask one. Recording a memorandum gives notice. It doesn't put your money back in your pocket. In Tennessee, a signed and notarized memorandum of your agreement can be recorded with the Williamson County Register of Deeds. Once it's on record, anyone who later buys or lends against that parcel is on notice that you have a deal for the strip. Tennessee's recording statute, Tenn. Code Ann. 66-26-103, is what gives a recorded document that weight against later buyers and creditors. Two problems in your situation: 1. Timing. The developer doesn't own the lot yet. Until their deed is recorded, they aren't the owner of record, so a memorandum they sign today may not attach the way you expect. Ask the attorney whether yours should record right behind their deed, and where it lands against their lender's deed of trust if they're financing. 2. Notice isn't a lien. If the deal dies, a memorandum shows you had a contract. It doesn't secure a refund. If you're fronting money, ask about a promissory note secured by a deed of trust on the developer's lot, or better, have the money held by a title company or an attorney's trust account until the lot-line approval comes through and the strip can be deeded. If they won't let the money sit with a neutral party for two to four months, that tells you something. Kimo Quance, Realtor, eXp Realty, Franklin TN, TN license #369038