Complete real estate information about the Gatlinburg area real estate market and everything related to it including Pigeon Forge and Sevierville as well as the rest of Sevier County and our Great Smoky Mountain National Park area. Current market statistics and new listings including foreclosures are also highlighted here.
How to Profit with Gatlinburg Real Estate Regardless of the Economic Environment
There has been a remarkable amount of press over the past couple of years about the generally weak condition of real estate markets around the country. I've even contributed to that by regularly posting about the lackluster status of our own Smoky Mountain real estate market here in the Gatlinburg area. There is however a way that investors can make money on real estate investments here in Sevier County.
One of the frustrations in being involved in the foreclosure industry is that we can't purchase our own listings. This is because the listing banks consider that to be a conflict of interest and I do understand their concern. A real estate broker with a lack of morals could talk down a property discouraging potential buyers from making an offer over time forcing the price down until it was attractive to the broker to buy for him or herself. There is however for anyone (other than myself) an excellent opportunity to take advantage of the bank's unwillingness to deal with uncertainty.
Here is what I am talking about. Most of our local foreclosure properties are cabins and chalets. Because the deeds of trust don't cover the contents of these properties the former owners are fully entitled to remove those contents (furniture, appliances, decor) from the cabin or chalet before the bank takes possession of the property. The bank does not get to keep the contents and these houses are worth MUCH less without the furniture, appliances, and decor items than they are with these contents. Because the bank is unwilling to replace the furniture these cabins and chalets sell at a sizable discount to what they would sell for with the contents. Interestingly, the cabins that sell without furniture are sold at real fire sale prices, much more than the value of the missing interior items. Remember that asking prices are just that and are always subject to some negotiation. You can purchase these Gatlinburg and Pigeon Forge foreclosure homes at prices that are low enough to allow for the replacement of the missing contents and still make a profit:
Every once in a while, an opportunity arises that we just can't pass up and this fantastic log sided home certainly fell into this category. Private, without another home anywhere in sight, this 3-bedroom, 3-bath house with 3 master suites is located in the coveted Pittman Center area and is perfect as either a residence or a vacation home.
This stunning property features over 280 feet of pristine riverfront on the beautiful cascading white water of the Little Pigeon River and this is no postage stamp sized lot either. It is actually a huge parcel of just under 4 acres. From either of the full length decks, you can view & listen to the beautiful rushing river below. Inside, there is also plenty of room to spread out, with over 3,000 square feet of heated & cooled living space, with large rooms and lots of glass.
Should you ever become tired of being alone, Dollywood is less than 20 minutes away but you would never know it from how perfectly peaceful this location is:
We have recently listed 4 otherwise unrelated Smoky Mountain true luxury properties in Sevier County and these estates are absolutely breathtaking. Whether you are looking for an incredible view from a huge mountain side home overlooking Gatlinburg, a spectacular 100+ acre horse farm estate in the Wears Valley area of Sevierville, the landmark Gatlinburg Castle, or just desire your own massive pristine property surrounded by the State and National Forests, we can satisfy your urge to own an undoubtedly unique Smoky Mountain estate. Click on the caption under each of the pictures below to be directed to a full description of these remarkable Gatlinburg area estate properties.
Gatlinburg area sales rocketed past January 2016's tally and we haven't even got all of the sales reported yet. Because this is only the preliminary total, we could rocket past 2006's red-hot all time record of 210 sales. Here is the initial report of January 2017's blistering sales pace for Smoky Mountain residential real estate sales:
Because of some MLS data errors, January's average sales price is not shown on the report above, but hopefully will be soon...