Home Buying in Sevierville>Question Details

Mary Wolfe, Home Buyer in Ringgold, GA

Pigeon Forge/Sevierville - we are looking to buy a vacation property/rental property near Dollywood. We are

Asked by Mary Wolfe, Ringgold, GA Sat Nov 3, 2007

concerned about the high amount of homes on the market, resell and overdevelopment of the area . . any advice? We plan to keep it for personal use maybe 5 - 7 years and rental income would be a plus but mandatory to our plan. We love the area and are tired of leaving our four dogs at a kennel when we travel there.

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The good news for you is that if there is a lot of inventory on the market, you should be able to negotiate a great deal on your second home. Second homes and vacation/resort areas are always the first to suffer when the economy takes a down turn. Everything is cyclical. If you can afford the investment - go for it!
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Sat Nov 3, 2007
Cindi Hagley…, Real Estate Pro in San Ramon, CA
MVP'08
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Well I was looking for a renter for my cabin style homes 2 Bedrooms and 2 Baths. We have 5 on 13 private acres. Great for rental property and 5 mins to Dollywood. Ridge Road to Apple Ridge near Park Drive. I would consider selling them if I could sell all 5 at once. Geraldine Rides Maple Ridge Realty. 865.322.2007
0 votes Thank Flag Link Fri Apr 25, 2008
Mary, the fact that you are looking to buy allows you to take advantage of all the homes on the market. In terms of over development, its more a matter of preference. There is not much room left around Dollywood for further development so you are safe in that aspect. As far as the rest of Pigeon Forge and Sevierville goes, building is full steam ahead. Mainly Svierville!

As far as resell goes, well there is unfortunately no good answer to that question. Many analysts state that over the next 2-3 years we will see a leveling and rebound of the market. Who knows. With all things considered in the country right now it is anyone's guess. I know that is far from a definative answer but it is the best one I can give. Anyone that tells you otherwise (market condition in 5-7 years that is) is just blowing smoke.

We are showing more and more property every week as Spring gets close. There are many different vacation/rental properties available in a number of price ranges. Do your due diligence and find what will work best for you and your family. Be conservative and the next 5-7 years should have only positive things for you.

Best,
Annie
Web Reference: http://www.anniemaloney.com
0 votes Thank Flag Link Tue Mar 25, 2008
Great time to invest in this area, because people are more willing to negotiate. I inspected a cabin last month for a couple from Maryland. Need a good Home Inspector call 423-736-0333
0 votes Thank Flag Link Wed Mar 12, 2008
I grew up and went to college in that very area. My parents still live there, and I've been looking for similiar investment opportunities. A new waterpark resort condo is currently under construction, but I don't know pet friendly it will be. I was intrigued with its potential. There's also a beautiful, completely finished cabin development there called Echota I'm a fan of!
0 votes Thank Flag Link Mon Nov 5, 2007
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