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Market Conditions in Gatlinburg : Real Estate Advice

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  • Home Buying26
  • Home Selling1
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Activity 11
Tue May 12, 2015
Bob Oatmeyer answered:
There are many different rates with things like this. You may want to look into asking a contractor about each. For example my brother has been asking electricians about the different rates. http://ctenergysavings.com/epp/energy_provider_plans ... more
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Tue Sep 17, 2013
Kenny Mcmahan answered:
Hey Paula,

You definitely have the right idea. Most people that come to Gatlinburg want to be in a cabin or condo that is secluded but within walking distance to downtown. That can be a little challenging sometimes but if you can find that property then you could be sitting on a real moneymaker.
I looked up a few listings for you that you might be interested in. If you decide to go the condo route, check out listing #'s 176847 and 171786. Some houses that appear to be structurally sound are MLS #'s 183176 and 181145. You could probably get a lot more bang for your buck if you are up for a remodel challenge that those listings would need.
If you will click on my website, it will take you to the MLS where you can look at those listings. Please let my know if you need anymore information or if you would like to schedule a time to see these properties.
Thanks,
Kenny
... more
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Mon Sep 9, 2013
Jeff Schoenfield answered:
Sorry, didn't see your post. 604 Sunset (our listing) recently closed but did need a LOT of work.
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Mon Sep 9, 2013
Jeff Schoenfield answered:
Thu May 9, 2013
Jay Fradd answered:
This cabin is located in Cobbly Nob. The property was listed as a short sale and ended up selling for $140,000 on 4/11/2013 in a cash sale. The property was originally listed for $159,900. ... more
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Sat Apr 13, 2013
Edith Karoline Jasser answered:
qualify your question, we have no idea why YOU think there is something wrong with this home, give us some indication, location, price, age what wonders you?
Sincerely yours,
EDITH Karoline Jasser YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties Brokerage, 30 Green Bay Road, Winnetka, Illinois 60093
EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)
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Tue Nov 27, 2012
Susan Kendall answered:
Condo villas are nice, older, but affordable, homes in a great and convenient location.
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Fri Jun 15, 2012
Bob Evridge answered:
Fannie Mae works like any other foreclosure. You may or may not getting a good buy. If a property is eligible for renovation financing then you can borrow (with a lot of qualifications and restrictions) the amount of money that the home will be worth when it is fixed up. That value is determined by an appraisal.

Once the list of needed repairs is completed, and approved you then buy the house. The difference between what you pay and the appraisal is available for making the repairs. Usually, you can get half to start making repairs, and then draw the rest as work is completed. You will not get the final money (meaning you will have to go into your own pocket for a while) until all repairs are completed and have been inspected.Depending on the level of renovation you may have to pay for an FHA consultant and hire a general contractor.

The ones I have seen start off with an ARM rate that can be converted after a period of time, usually a year, to a fixed rate.

This is a great way to get a lot of value but there is a lot to it. Sometimes it can take up to 3 months just to get through the loan process. A lot more paperwork and red tape to wade your way through. It truly is a case of if you want to get to the castle, you have to swim the moat. And, more often than not, the moat really does have alligators in it.

If you want to talk about this further give me a call because I can talk faster than I can type. If not, then I hope this helps.

Bob
... more
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Thu Nov 4, 2010
Dean answered:
You will need an appraisal by a qualified and educated appraiser. Or, speak with a good local Agent. The Sevier County market is very difficult to value at this point in time with many different factors to consider. ... more
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Thu Jul 17, 2008
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 ... more
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