Justin

I'm a:	Real Estate Professional
Company:	Century 21
Location:	Gatlinburg
Web sites:	Search the Smokies
Phone:	8654362121

6 Answers
3 First Answers

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About Me

I enjoy working with the talented group of people we have assembled here at CENTURY 21 Four Seaons Realty, Inc. The professional atmosphere coupled with the positive activity generated by our listings and sales makes this the ideal firm to be associated with. Also, our 2 locations places us within arms reach of the most desirable properties in Sevier county. Let me show you why I love our mountains!

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Justin's Questions (0)

Justin's Answers (6)

Is this property for sale again?

Asked Mon Oct 27 2008, 14:37 by Glenda Hatch - 37738 - Home Buying - 1 answer

Justin answered:

Hi Glenda,
The question posted for you doesn't list the property that you're inquiring about. So, I can't answer your question at this time.

Justin - Tue Oct 28 2008, 08:22

Would an offer of $20,000.00 with 5% down with fixed rate 5.5 for 15 years be considered?

Asked Wed Oct 22 2008, 19:38 by Tenna Liston - 37862 - Home Buying - 4 answers

Justin answered:

Hi Tenna,
I very much doubt you will get this property at $20,000. Just about anything below $100,000 sells very quickly here and the owner (a bank) will know market conditions. However, it doesn't cost you anything to make an offer so... write it up with your agent and give it a shot. One note for your contract; you may not get 5.5% interest rate but a half point change with the amount financed would be a very small difference in your monthly payment.

Justin - Thu Oct 23 2008, 06:40

We're planning to buy a cabin to put on the rental market for may be 5 years or so and would like to retire

Asked Fri Aug 1 2008, 07:58 by April - Pigeon Forge - Home Buying - 5 answers

Justin answered:

Hi April,
Most rental companies here have a 60/40 split with the owner of the property getting 60%. However, with fees and maintenance expenses it ofter does become more like a 50/50 split.

I would recommend that you instead focus on the rental income versus the rental split. Find a property that rents for a higher percentage (some properties right now are at 15 to 30 percent) of the list price. For example, the home is listed at $300,000, just for nice round numbers, and the rental income is $70,000 which means you could net over $3,000 on average per month. Not a bad proposition.

These rental scenarios do exist right now. However, as our market is absorbing excess inventory and interest rates ares still low these deals will become more rare. I would suggest you act as soon as you can. - Fri Aug 1 2008, 09:03

I am planning to retire within the next year. After living in Gatlinburg, TN for 8 years, I am ready to

Asked Thu Jul 17 2008, 17:24 by D. Westfaul - 37738 - Market Conditions - 3 answers

Justin answered:

I agree with Jane that it is difficult to say if your home will sell for top dollar without seeing it. Many of the residential neighborhoods here in Gatlinburg have maintained their values. I too live in an all residential subdivision which prohibits overnight rentals in Gatlinburg. I believe our values have not been affected as much since speculators and investors were never interested in our homes to begin with. However, buyers have many choices right now and your home should not have too much deferred maintenance in order to attract the most buyers and reduce the time your home will stay on the market. Good Luck, Justin - Thu Jul 17 2008, 20:04

Does anyone have experience buying a house through a short sale? I am a little nieve about this. Please help!

Asked Wed Mar 5 2008, 16:14 by Kenny - Sevierville - Home Buying - 7 answers

Justin answered:

We've handled several short sales. They can be trying but having the proper technique and experience can speed things along greatly. If you need further help please don't hesitate to call 865-436-2121. - Wed Mar 5 2008, 16:32

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