Another Smoky Mountain Real Estate Broker in Trouble!
We have been blessed by being in the depressing but profitable foreclosure end of the Smoky Mountain real estate business. With 5 new foreclosure assignments since last week, it looks like we are facing yet another wave of new foreclosure properties that will soon be hitting our Sevier County real estate market. Each time I believe that this debacle is almost over yet another crop of foreclosures materializes. With over 100 properties currently under our management we are very busy indeed. While the average agent has only 2 sales this year (861 reported residential sales divided by 420 (and dropping) members in our board) I have been truly blessed to already have 72 closed transactions this year and 13 more pending sales. Sadly, the vast majority of these transactions have been (you guessed it!) foreclosures. It is indeed a tough environment for Smoky Mountain real estate sellers!
I've however never seen however a better opportunity for cash buyers. Sellers are anxious and the available inventory of Gatlinburg, Pigeon Forge, Sevierville, and Seymour real estate is great. For the broadest access to the best values in foreclosure (and non-foreclosure) Smoky Mountain real estate, please contact us!