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Foreclosures, Short Sales and Other Bargains in Gatlinburg

By
Real Estate Agent with Century 21 Four Seasons

As the months have passed and economic conditions have changes, anyone interested in real estate activities around the country has become educated in some aspects of short sales and foreclosures. In fact, many of the buyers coming into town looking for the best deals tell us "we only want to see foreclosures ".  While our market here in Sevier County TN (Gatlinburg, Sevierville and Pigeon Forge) has its share of those to be sure, there is another group of properties that shouldn't be overlooked: those that are fully owned or have a great deal of owner equity.

Properties that were purchased for cash, have been owned by the same individual for a long time or new construction properties owned by the builder would fall into this category.  Some of these are now on the market for greatly reduced prices that compete head on with foreclosures and short sales. And, these properties have the added advantage of not being bank-owned or requiring bank approval, thus shortening the time and hassle of the purchase process!

So, if you are coming up the mountain to look for the best deals in Gatlinburg, don't leave this group out of your search!

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