sevierville tn real estate: Gatlinburg TN Real Estate Market Trends- Letters of Pre-Approval (and why we are still..again..even more.. asking for it!)
- 07/28/11 01:25 AM
The agents on our Team at www.JaneTerrell.com are heads-down working selling Gatlinburg real estate all day every day, so we are in a position to pick up changes in the market rather quickly. One is happening with regard to lender pre-approval letters. We have been strongly recommending to buyers that they take the time to obtain their letter of pre-approval or proof of funds from their lender prior to coming into town to look for properties for some time. This was because any foreclosure or short sale property would require this document before looking at an offer. Good foreclosure deals in this … (1 comments)
sevierville tn real estate: One for the Record Books
- 05/31/11 08:39 AM
Well, I can no longer use one of my favorite selling points-- when people ask me to be sure that the properties they look at have a basement, so they can hunker down during the tornadoes, up to this point I have been able to say that "A tornado has never touched down in Sevier County"... and I was right! But on April 27th just a little one (70 mph, 40 ft. wide) made a brief stop in Seymour, breaking the record that had stood since the beginning of recording of such things. The thing is, with mountain property, "grade level" … (2 comments)
sevierville tn real estate: Dollywood Enhances Investment in Pigeon Forge Real Estate
- 01/27/11 05:14 AM
For those of you thinking about investing in Pigeon Forge real estate or Sevierville real estate, getting close to Dollywood might be a very good thing! I know it's really hard to get those who think climbing LeCont backwards in snow is a good afternoons relaxation to believe it, but Dollywood brings a lot to our community! And more than just traffic!
25 years ago, Dollywood was the old Silver Dollar City where my sisters and I came to mine gold and gems, and just look at her now! This year Dollywood was Tennessee's number 1 attraction, and … (2 comments)
sevierville tn real estate: Sevierville has Homes for Sale Too!
- 11/03/10 05:45 AM
A Word About Sevierville... Most of the folks coming into town know a lot about Pigeon Forge and Gatlinburg (and generally have a favorite of the two!) but I want to put in a plug for Sevierville. Pronounced "SEVERE-VUHL" (LIKE A SEVERE COLD) this town is home to more than 17,000 permanent residents, and is so much more than just the driveway to Pigeon Forge and Gatlinburg:) It's the county seat, so has the courthouse and a quaint little downtown area, but also some lovely neighborhoods that are quiet and out of the traffic. Homes that are not in the … (0 comments)
sevierville tn real estate: Buying a Log Cabin in the Mountains-- Some things to consider
- 05/26/10 02:17 AM
Log cabins are popular overnight rentals and vacation homes here in the Smokies, and we sell lots of them to folks looking for a relaxing getaway place. Here is a sample of some of the things we encourage our buyers to think about when purchasing a cabin: Don't freak out if you can "see daylight" between the logs! Logs are dynamic, breathing things and expand and contract with weather conditions. After a home has been built, many times logs will split as a part of the natural curing process. Log homes will require caulking soon after being built, and occasionally as a … (2 comments)
Investing in the Smokies-- Is it a Good Idea? Locals have always said that in economic downturns, Sevier County is "the last to go and the first to come back" and that seems to be true once again. There's a different feeling in the air around town these days, which very nearly resembles optimism! Driving around town, there is active development and growth everywhere, and people are making long term commitments to our area. Here's just a sample of what's happening:
The 25 Million dollar "Titanic" attraction opened April 8, 2010 on the Pigeon Forge Parkway. Construction continues at Eagles Landing … (2 comments)
sevierville tn real estate: Income Producing Property for $120,000
- 06/19/09 02:42 AM
This adorable 1-bedroom cabin is located 1/2 way between Gatlinburg and Pigeon Forge, just off the "spur". It generated over $18,000 in gross rental income last year. It is being offered as a SHORT SALE (the lender must approve the contract) at $120,000. This is a rock bottom price for such a great cabin, and could create positive cash flow. Please email me at janebterrell@yahoo.com for additional information!
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sevierville tn real estate: There's Money in "Them 'Thar Hills"
- 03/13/09 10:58 PM
I spoke with 3 local lenders in Sevier County, TN in the last couple of days who service loans in Gatlinburg, TN, Sevierville, TN and Pigeon Forge Tn. I asked them about mortgage lending and why money was "so tight" and "not available" for those even with good credit scores. All three of them looked at me like I was on another planet.... One said "it's a revolving door here--we're getting all kinds of re-financing and new loans...there's money to lend here! Another corrected me, saying that her bank (WELLS FARGO) was continuing to offer 90% loans on vacation homes or … (1 comments)
sevierville tn real estate: Distressed Properties in Sevier County
- 02/22/09 12:20 AM
As real estate professionals, we have always thought that putting the client first made the best sense for us--business really does work best that way! But today that is even more important than ever, as so many people are trying to navigate the real estate waters that change by the hour. With that in mind, I made a decision to do what I could do to use my knowledge and expertise to assist homeowners here in my own community. I began to focus on the distressed property market, and helping owners who were in trouble or knew that they were about … (0 comments)
sevierville tn real estate: Understanding How Norvik, Norway has Been Effected by the Mortgage Mess
- 02/17/09 09:05 AM
I watched the best show last night--CNBC's "House of Cards"...it was a fascinating look at how we got into the current mess, complete with interviews of the folks who made the decisions that started it all (and they remain totally unrepentant, I might add!) The show goes through the origins of the loans, the development of lucrative bundling of the loans that produced a huge demand for them--and how young people who had literally worked as "pizza delivery" people a month earlier were making 20K a month selling these loans. They then were packaged up, rated AAA and sold to municipalities … (0 comments)
sevierville tn real estate: Market Report for Gatlinburg, Pigeon Forge and Sevierville, TN: SOLDS
- 02/08/09 01:31 AM
Here is a current market report for 2-bedroom 2-bath homes sold in the Gatlinburg area (Gatlinburg, Pigeon Forge and Sevierville) in the last 90 days. Before you digest this information, there's a couple of things you should be aware of: 1. "DOM" or Days on market is somewhat fluid, as it will revert back to zero if a listing changes Realtors, or if it is withdrawn from the market for a day. So, a property could have actually been on the market much longer than it shows currently. 2. "Bedrooms" is also a term somewhat open for interpretation in our … (0 comments)
sevierville tn real estate: Sevierville--- The Quietly Perfect Place to Live
- 02/02/09 11:24 PM
Ok- OK---- it doesn't get all the advertising and hype of the two other sister cities (Gatlinburg and Pigeon Forge) and most people who don't live here can't pronounce the name (how many times do we hear SEEVER-VILLE???) but without all the attention, it turns out it's a pretty perfect place to live. Some of the advantages are: •· Accessibility-with new roads and exsisting back roads, you can get around to what you need even in times of high traffic with little inconvenience. •· You're five minutes from everything-schools, church, groceries, the new hospital, courthouse, LOWES, movies--- just about all the things … (0 comments)
sevierville tn real estate: Five Reasons I Love Living in the Smokies-- after New York, Chicago, Tampa, Phoenix etc....
- 01/27/09 01:00 AM
I grew up in this area, close to the mountains, and went away for a long time. I always knew I would come back, and one day my husband and I said "just do it" and so we did. We've been back almost 2 years, and cherish every minute...here's some reasons why! •1. The people are genuinely nicer. •2. There a 4 gentle seasons with just enough highlights like a snow day here and there to keep it interesting festive (this is meaningful to those in Florida who have to Christmas shop in their shorts). •3. The pace of life is a … (0 comments)
Updates on real estate market information effecting the Sevier County TN area ( Gatllinburg, Sevierville and Pigeon Forge), and musing on why this is such a wonderful place to call home!
The agents on our Team at www.JaneTerrell.com are heads-down working selling Gatlinburg real estate all day every day, so we are in a position to pick up changes in the market rather quickly. One is happening with regard to lender pre-approval letters. We have been strongly recommending to buyers that they take the time to obtain their letter of pre-approval or proof of funds from their lender prior to coming into town to look for properties for some time. This was because any foreclosure or short sale property would require this document before looking at an offer. Good foreclosure deals in this … (1 comments)
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