Sevierville offers a hometown atmosphere combined with plenty of shopping, attractions and mountain history. Most residents who are employed in the tourism industry in Pigeon Forge and Gatlinburg call Sevierville home.
CURRENT MARKET: We are experiencing a buyer's market in the residential, vacation home and cabin/condo investment property markets. Inventory is high while demand has slowed.
Foreclosures and short sales represent a good opportunity for buyers. For an example of Sevierville foreclosures visit our website below.
Residential home loans appear be getting easier to obtain these days. However, lenders are now requiring more money down for second home and condo loans due to recent changes in the mortgage insurance industry. If you are interested in purchasing a foreclosure or short sale, be sure to get your pre-approval letter before shopping. Most banks require pre-approval letters/proof of funds and a minimum amount of earnest money with any offers submitted. Don't let your dream property get away due to lack of preparation. Get ahead of the game and speak with your lender before looking at property.
There are currently 840 single family homes on the market in the Sevierville area and 77 condominiums(including Bluff Mtn/Walde, Kodak, New Center, Wears Valley and Jones Cove).
There were 47 residential homes and no condominiums sold in the Sevierville area in December, 2011. 17 of these sales were either foreclosures or short sales. The average sales price was $176,184 for residential homes.
We have had many questions regarding area property tax rates. Sevier County has some of the lowest property tax rates in Tennessee. When buyers work through us, we include the tax information in the listings we send.
Can't find the right property? We are authorized by the listing Realtors® to assist buyers with any property listed (per our MLS). We are then paid by a split in the listing sales commission with no additional charge to you, the buyer. Tell us what you are looking for and let us do the searching for you. Contact us today for details!
*Listing and sales information based on the Great Smoky Mountain Association of Realtors MLS.
ZIP Codes: 37862, 37876 Location Characteristics: The Sevierville real estate market is a mix of new homes, re-sales, cabins and condos used for both investment property and permanent residence. The lack of state income tax and some of the lowest property taxes in Tennessee make the area very attractive to homeowners.
About Autumn & David Hackney:
We are a husband and wife real estate team. David specializes in cabins, chalets and condos used as investment rental properties. Autumn handles the residential market and acts as David's assistant. Together we can handle most real estate needs for buyers and sellers. Why have one agent, when you can have two?
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
