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gatlinburg cabins: Cabin Foreclosures in the Gatlinburg and Pigeon Forge Area - 02/04/09 12:11 AM
The real estate market in Sevier County has unquestionably been impacted by foreclosures and short sales of cabins. A large portion of the cabin sales, approximately 40%, have been either foreclosures or short sales. Among these foreclosures many were purchased at what I would consider bargains and some others were more along the lines of a typical selling price. It is vitally important to ensure the cabin is appropriately priced for a foreclosure before making an offer. I have seen some foreclosure cabins that are priced no more competitive than regular sales, yet have sold quickly on the market. I think … (5 comments)

gatlinburg cabins: Current Real Estate & Rental Market Conditions - 09/30/08 01:39 AM
I have received several questions from clients regarding the current state of the real estate and rental market here in the Smokies. I thought I would post my analysis for all to see regarding the Sevier County area real estate market, foreclosures, and the impact of the "real estate/mortgage bubble" on the local rental management companies. Below is my sometimes critical and as straight forward as possible analysis of the market.
The overnight cabin rental business realized a decrease in business during the early summer months (compared to the same time frame in previous years) when gas prices spiked to around the … (0 comments)

gatlinburg cabins: 3 Bank Owned Cabins Auctioned By Cole Auctions - 05/15/08 10:29 PM
I am a frequent visitor of local auctions - partially looking for a bargain on some real estate and in some ways for curiousity, entertainment, and getting a better feel for the real estate market.
Recently, I have attended auctions by various companies including Furrow Auction Company for some beautiful commercial land in Wears Valley - where my family ended up purchasing 2.6 acres for what we feel was a good bargain (approximately $85,000 less than the current tax appraised value of the land).
Other auctions included some large land parcels for sale by Thompson Carr (180+ acres off Henrytown Rd.) … (0 comments)