Gatlinburg Real Estate Blog

I am often asked if the wave of Smoky Mountain foreclosures is ending and there is no doubt that the number of distressed properties coming onto the market has declined significantly during 2013. However, it does not appear that the flow has completely stopped just yet. In fact, we were assigned twelve new Gatlinburg area foreclosure properties during the month of November and they run the gamut in terms of type, location, and price range. Condos, country homes, cabins, and city cottages as well as a couple of nicer homes with bold Great Smoky Mountain National Park views are included in the mix. If you want a preview of these foreclosures, please checkout this link to our preliminary photos . Some of these photos aren't great (they are definitely preliminary) and in a couple of cases I included a photo showing the views. For much more information, please contact us by calling 865-436-2849 or email me at Jeff@GatlinburgHomes.com .

I am often asked if the wave of Smoky Mountain foreclosures is ending and there is no doubt that the number of distressed properties coming onto the market has declined significantly during 2013. However, it does not appear that the flow has completely stopped just yet. In fact, we were assigned twelve new Gatlinburg area foreclosure properties during the month of November and they run the gamut in terms of type, location, and price range. Condos, country homes, cabins, and city cottages as well as a couple of nicer homes with bold Great Smoky Mountain National Park views are included in the mix. If you want a preview of these foreclosures, please checkout this link to our preliminary photos . Some of these photos aren't great (they are definitely preliminary) and in a couple of cases I included a photo showing the views. For much more information, please contact us by calling 865-436-2849 or email me at Jeff@GatlinburgHomes.com .

The picture below is of a decal affixed to one of three Sevier County foreclosure properties that we were assigned by the bank yesterday, November 26th. Note that the Pigeon Forge cabin was secured by the bank in mid April, but we are just now in late November beginning the process of marketing the home. Not sure exactly what caused the delay, but this is not the first time that I have seen a 6 month plus time frame from bank possession to assignment of a bank owned property. It certainly does make one wonder just how large the backlog of foreclosure properties is...

The picture below is of a decal affixed to one of three Sevier County foreclosure properties that we were assigned by the bank yesterday, November 26th. Note that the Pigeon Forge cabin was secured by the bank in mid April, but we are just now in late November beginning the process of marketing the home. Not sure exactly what caused the delay, but this is not the first time that I have seen a 6 month plus time frame from bank possession to assignment of a bank owned property. It certainly does make one wonder just how large the backlog of foreclosure properties is...

Once in a while, the foreclosure inventory surprises us - in a good way, that is. Between the myriad of ugly fixer-uppers there is the occasional truly stunning home. Consider this gorgeous, recent construction, three bedroom, three bath quality built log cabin in Settlers Ridge (less than 15 minutes from the center of Gatlinburg or Pigeon Forge), for example: Even though this cabin was part of the "No Light Bulb Left Behind" program ( all of the furniture and appliances have been removed), what is left is truly impressive.  From the soaring cathedral ceiling, the gleaming all-wood interior, to the magnificent unobstructed view of the Smoky Mountains and Mount LeConte, this cabin is a rare gem.  Granite counter tops, two fireplaces, and two full length decks complete the picture.  Just add furniture, appliances, and decor items and someone will have a stunning vacation home here in Gatlinburg.  When you consider that this property sold for $405,000 in 2008, an...

Once in a while, the foreclosure inventory surprises us - in a good way, that is. Between the myriad of ugly fixer-uppers there is the occasional truly stunning home. Consider this gorgeous, recent construction, three bedroom, three bath quality built log cabin in Settlers Ridge (less than 15 minutes from the center of Gatlinburg or Pigeon Forge), for example: Even though this cabin was part of the "No Light Bulb Left Behind" program ( all of the furniture and appliances have been removed), what is left is truly impressive.  From the soaring cathedral ceiling, the gleaming all-wood interior, to the magnificent unobstructed view of the Smoky Mountains and Mount LeConte, this cabin is a rare gem.  Granite counter tops, two fireplaces, and two full length decks complete the picture.  Just add furniture, appliances, and decor items and someone will have a stunning vacation home here in Gatlinburg.  When you consider that this property sold for $405,000 in 200...

I've always believed that in the real estate business, if you aren't busy you're broke or headed there.  Being busy is to be counted as a blessing, not a curse, but we're getting close lately.  Today was the day that my inventory of listings and future listings for the first time reached 100 properties!  That's right, I currently have 78 active Gatlinburg area listings and 22 more "Coming Soon" properties that will eventually become active listings.  That seems like an incredible number and it is huge but consider that I have been very blessed in 2010:  With 57 sold or pending properties already this year we're selling these properties at a pretty good clip too. To generate this pace of sales and manage this number of properties requires a lot of organization and a hard working team of professionals.  Our office manager and transaction coordinator, Kim Breeden is the hardest working person I know.  Often staying after everyone else has gone h...

I've always believed that in the real estate business, if you aren't busy you're broke or headed there.  Being busy is to be counted as a blessing, not a curse, but we're getting close lately.  Today was the day that my inventory of listings and future listings for the first time reached 100 properties!  That's right, I currently have 78 active Gatlinburg area listings and 22 more "Coming Soon" properties that will eventually become active listings.  That seems like an incredible number and it is huge but consider that I have been very blessed in 2010:  With 57 sold or pending properties already this year we're selling these properties at a pretty good clip too. To generate this pace of sales and manage this number of properties requires a lot of organization and a hard working team of professionals.  Our office manager and transaction coordinator, Kim Breeden is the hardest working person I know.  Often staying after everyone else has gone...