Gatlinburg Real Estate Blog

I often tell people that due to the nature of our Gatlinburg real estate market, it isn't as much fun as it used to be.  In an up market, everyone is happier and the job is much more pleasant.  In our current market environment, people are often caught in a downward spiral where one bad event leads to another.  With many construction related industries shedding jobs there are a lot of skilled and unskilled laborers who are out of work.  If you can't work, you can't pay the mortgage and that of course leads to foreclosure.  When we see vacation homes in foreclosure, it is still saddening but not to the extent that it is when the home in question is a primary residence.  Nothing is sadder than when children are involved as was the case earlier this week. When we post a house with a foreclosure notice on behalf of the foreclosing entity, they often require photographic evidence of the fact that the former owner has been notified.  For this reason, I alway...

I often tell people that due to the nature of our Gatlinburg real estate market, it isn't as much fun as it used to be.  In an up market, everyone is happier and the job is much more pleasant.  In our current market environment, people are often caught in a downward spiral where one bad event leads to another.  With many construction related industries shedding jobs there are a lot of skilled and unskilled laborers who are out of work.  If you can't work, you can't pay the mortgage and that of course leads to foreclosure.  When we see vacation homes in foreclosure, it is still saddening but not to the extent that it is when the home in question is a primary residence.  Nothing is sadder than when children are involved as was the case earlier this week. When we post a house with a foreclosure notice on behalf of the foreclosing entity, they often require photographic evidence of the fact that the former owner has been notified.  For this reason, I alw...