gatlinburg real estate: If You're Selling Your Home? Choose the Right Realtor
- 04/21/10 03:40 AM
Take time to choose the right broker when selling your home When preparing to sell your home it is important to find a real estate professional that will best suit your needs. A warm handshake and a friendly smile is all well and good but if you want to sell your home pick a broker that is experienced and knowledgeable, someone that will do the best job for you. When selecting your real estate agent here are a few things to keep in mind: Data. Get a prospective Realtor to bring in a copy of what they have listed … (2 comments)
gatlinburg real estate: Myths About Short Sales
- 09/02/09 02:37 AM
It's unfortunate for any homeowner to be in a situation where they owe more than the home is worth today and they must sell because of a financial hardship. For some, the only options become foreclosure or a short sale. Their has been a myth that a foreclosure is better for the seller of a home because they can "walk away". In reality most lenders have up to 7 years to claim on deficiency judgement against the seller after the foreclosure has taken place. Many myths have evolved over time, but understanding the reality is a way to help yourself. Seven … (0 comments)
gatlinburg real estate: Shrinking Steals, Great Deals
- 07/07/09 07:28 AM
Like most of America the Great Smokies and more specifically Sevier County has seen a very large increase in the number of foreclosures and short sales in the past 2 years. However, in the past few months the quality and quantity of those properties has started to dwindle. The opportunities that were available to get a good deal (one of our clients always says, 'I wants steals not deals') on a great home are not lasting as long on the market and their are fewer of them. Several of the short sales and foreclosures that don't need major repair now have multiple offers. I know … (0 comments)
gatlinburg real estate: Pricing Ahead of the Market
- 03/11/09 03:14 AM
I've been speaking to some of my agents about pricing their sellers' homes ahead of the market. That was an easy thing to do when the market trends were going up. Now that they are headed in the opposite direction I find that many agents do not want to have that conversation with their sellers. Pricing ahead of the market as prices were increasing was almost a pleasure. "Mr./Mrs. Seller" the last home on your street sold for $305,000 last week, so with appreciation at 4% per quarter this year and the average time on the market at 100 days your home … (1 comments)
gatlinburg real estate: Someone Ring the Bell
- 02/06/09 01:53 AM
I'm going to say it, WE'VE REACHED THE BOTTOM! I've been thinking it since the first of the year but now I really believe that in 6 months the media will be saying it too. I've been waiting because I didn't want to sound like somone with their head in the clouds. Some guy who says the market is on the verge of a turn around (turn around being a little subjective, I believe stabilization to be a turn around at this point) every 4 or 5 months just to have to eat crow and start all over again. Looking at … (0 comments)
gatlinburg real estate: New Year! New Market!
- 01/06/09 07:02 AM
I have to admit that I've been aprehensive about 2009. It's not as though 2008 gave me that much to look forward to in the way of business, the type of business you can count on, can budget with. 2009 is proving to be much more agreeable though. Beginning the last 3 weeks of December we started seeing marked improvements in our real estate business. Short-sales, foreclosures and just great deals on some of our rental properties have inspired many buyers to act (along with almost comically low interest rates). Someone once told me that 'no one rings a bell when you reach … (0 comments)
gatlinburg real estate: Change is in the Air?
- 12/03/08 02:03 AM
Being in the real estate business is an exercize in constant change. Even in the boom periods we are always adapting to new technology, new customer demands, and the ever changing regulations that guide us. I get bored easily so the persistent need to change hasn't bothered me. I remember our first web site back in the 1990's and training my agents to use email and send attachments some time after. It seems that the advent of the IDX web site came quickly with some local brokers skeptical but it was an exciting time for me. I wonder what the next change … (0 comments)
gatlinburg real estate: Short Sales a Saving Grace?
- 11/10/08 05:50 AM
Short sales are not the best way to transfer property but lately it's become the method of choice for some buyers and distressed sellers. Many of our customers are confused about short sales (we joking call them long sales in our office because a few banks can take weeks to make a decision) and shy away from them. I, however, feel short sales represent a much more attractive option for buyers and sellers. I'll list a few reasons why I feel this way: For rental properties, which is most of our market here, the homes are still furnished and have not been damaged by the removal of … (0 comments)
gatlinburg real estate: Media Has It's Own Idea
- 10/23/08 06:21 AM
I suppose I'm an eternal optimist. I do think the best of people more often than not. I have to admit I was really excited when one of my agents was asked to do an interview for the local ABC affiliate. The story was supposed to be about how some absentee property owners here in the Gatlinburg and Pigeon Forge areas were taking the rental income from their overnight rental properties and using it to pay their mortgages on their primary residences (lots of them are in Florida). Thus, creating a situation where mortages on their second homes/investment properties here are … (0 comments)
gatlinburg real estate: It's An Amazing Time
- 10/15/08 07:16 AM
It's an amazing time to be in the real estate business. I know everyone bemoans the fact that sales are down but I just can't help but be in awe of the deals some of our investors are getting. One, who shall remain nameless, says 'It's like a garage sale for the wealthy.' It may sound callous but that attitude is pervasive with many of our cash buyers right now and even though they're getting deals they are also helping distressed sellers and our local economy. … (0 comments)
gatlinburg real estate: For Us, Gas is More of a Problem
- 10/02/08 05:43 AM
Here in the Great Smoky Mountains of East Tennessee the rental properties and the income they generate are a crucial part of our economy. Particularly, the real estate industry in Gatlinburg and Pigeon Forge. So far this year the bad economic news hasn't affected our rentals much. The looming crisis for our best rental season, the Fall leaves changing color, is a shortage of gas in several major southern cities. We have plenty of gas to go around here but it seems that many of our visitors from such gas starved areas as Atlanta, Nashville, and MIami are having a tough time … (0 comments)
gatlinburg real estate: New Style of Home for Gatlinburg
- 09/03/08 07:10 AM
The Gatlinburg real estate market has seen many styles over the past 5 decades. None of which was more pronounced than the a-frames of the 1960's and '70's that dot the mountainsides. Today, a new grand style of luxury has made its way into the mountain scenery. The Big Log Lodges have arrived in Gatlinburg. This style has been around for many years in the $10 to $30 million dollar estate homes out west in Colorado and Utah. The appearance of these super luxury cabins in the Gatlinburg mountains is still relatively unknown except to the savvy overnight renter. In fact, these … (0 comments)
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