Sevierville Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Nov. 16, 2022

Top 6 Best Reasons to Own Condos on Douglas Lake in Dandridge, TN in 2022

Top 6 Best Reasons to Own Condos on Douglas Lake in Dandridge TN

Douglas Lake was created in the early 1940s by the Tennessee Valley Authority to control flooding in the Tennessee River Valley and provide hydroelectric power to the area. The result was 44 square miles of water and 513 miles of shoreline. 

A few towns are located around the lake, including Banbury and Dandridge. Dandridge is mainly located on the northern side of the lake, about midway between the east and west ends. Hwy 92, aka Chestnut Hill Road, crosses the lake at a narrow section, over an island, and onto the south side of the lake. This island and another small section are also part of the town of Dandridge.

Dandridge has just over 3,300 residents and is the county seat of Jefferson County. The closest larger city to Dandridge is Knoxville, about a 35-minute drive due west on Interstate 40. Dandridge is considered a suburb of Knoxville, and some commute for jobs. Gatlinburg and the Great Smoky Mountain National Park are about an hour south.    

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Posted in Buying
Oct. 27, 2022

Everything You Need to Know About Homes for Sale in Wears Valley, TN

Homes For Sale in Wears Valley TN

At the edge of the Great Smoky Mountains National Park lies the idyllic area of Wears Valley, TN.  Also known as Wear Valley, it is an unincorporated community of around 7,000 year-round residents.  Tourist season brings many more people to the area to visit the park and nearby Pigeon Forge and Gatlinburg.

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Posted in Blog
Oct. 3, 2022

Legacy Mountain Resort Cabins for Sale: 6 Things to Know Before You Buy

Legacy Mountain Resort Cabins - Main Image

Are you looking for a glimpse of Heaven on Earth? Then you need to check out the Legacy Mountain Resort cabins for sale! These cabins are located in some of the most beautiful areas in Tennessee, and they offer panoramic mountain views that will simply take your breath away.

The cabins are also tastefully designed and appointed, and they come in a variety of sizes and floor plans to suit your needs. Living in one of these stunning cabins gives homeowners a lifestyle that is truly second to none. Legacy Mountain Resort real estate allows homebuyers to enjoy all the best that East Tennessee has to offer.

From the moment you drive up to these cabins, you will be impressed by the quality of the construction and the ATTENTION TO DETAIL that has gone into every aspect of its design. Not to mention, the amenities offered at Legacy Mountain Resort are simply top-notch.

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Posted in Buying, Cabins for sale
Aug. 10, 2022

5 Things To Know If You Are Facing Foreclosure In Tennessee

5 Things To Know If You Are Facing Foreclosure In Tennessee - Main Image

If your home is facing foreclosure, you need to look into what the best options are to make sure you keep your financial status in a good spot. There are a few things you can do to make sure you keep your equity at a reasonable level without letting your home fall into the hands of the bank. If you are facing foreclosure in Tennessee, keep reading to see all the ways that you can help yourself get out of this sticky situation.

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Posted in Blog, Homeowner tips
July 14, 2022

4 Things To Know About Seller-Paid Points

4 Things To Know About Seller-Paid Points - Main Image

Seller-paid points are one of the best things you can use as a seller to get your house off of the market and into someone else's hands. Your home may look amazing, but if the cost is too much for the current market to bear, you might get stuck with it on your hands for too long. Seller-paid points are one of the best ways to keep your profit in check while making the home sell quickly, so keep reading to learn more about seller-paid points, what they mean and how you can use them to your advantage. 

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Posted in Blog
June 15, 2022

5 Things You Should Know About DSCR Loans in Tennessee

5 Things You Should Know About DSCR Loans In Tennessee - Main Image

If you're looking to expand your investment property in Tennessee, you might be wondering if you can use a DSCR loan to do so. The answer is yes! A DSCR loan is the perfect type of loan for such a purpose.

If you're thinking about using a DSCR loan for investment properties in Tennessee, reach out to a few different lenders to compare rates and terms. 

When you apply for a DSCR loan, the lender will look at your debt-to-income ratio to determine whether or not you qualify. If you have a high debt-to-income ratio, you may still be able to qualify for a loan, but you may need to provide additional documentation. 

There are a few things to keep in mind when taking out a DSCR loan. Here are the top 5 things we think you should know about DSCR loans in Tennessee.

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Posted in Blog
May 19, 2022

Buying An Investment Property In TN: The Do’s And Don’ts

Buying An Investment Property In TN: The Do's And Don'ts - Main Image

Real estate investing in Tennessee has plenty of perks if you’re on the hunt for your latest and greatest investment. Not only is TN a fantastic location to live in with the Great Smoky Mountain National Park, but it also has so much to offer. Accompanied by some incredible climate and cultural hubs like Memphis and Nashville, it’s also an ideal location for people of all lifestyles. 

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Posted in Buying
April 20, 2022

7 Reasons Why The Smoky Mountains Are One of The Best Short-Term Rental Markets of 2022

7 Reasons Why The Smoky Mountains Are One Of The Best Short-Term Rental Markets Of 2022 - Main Image

The Smoky Mountains are a series of high, rugged peaks in the Southeastern United States, forming the border between Tennessee and North Carolina. 

Smoky Mountains National Park protects 83% of The Great Smoky Mountain Range and is part of the Appalachian Mountain range. The National Park was established on June 15, 1934. It is 5,22,000 acres and is a UNESCO World Heritage Site

It is a popular destination for hiking, backpacking, rock climbing, fishing, and camping. The Great Smoky Mountains National Park is one of America's most visited parks, with millions of visitors and more than 3 million acres of wilderness to explore each year.

The Smoky Mountains are also home to numerous towns — from Gatlinburg to Cherokee, North Carolina, to Pigeon Forge, Tennessee. 

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Posted in Buying
March 15, 2022

The Top 12 Places for Investing In Short Term Rentals In TN for 2022

The Top 12 Places For Investing In Short Term Rentals In TN - Main Image

Investing in short-term rentals is one of the best ways to make a great return without worrying about some of the issues that come along with long-term rentals. Short-term rentals require you to purchase and sometimes furnish the home and rent it out similar to a hotel. There are plenty of services that allow you to do this and you can make a great profit from purchasing a home at a low price and charging by the month, week, or even by the day to gain your money back.

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Posted in Buying
March 26, 2021

I bought a cabin - Who will manage it?

Should You Manage Your Vacation Rental or Use a Property Management Company?

As there are more vacation sites that make it easier to market and rent vacation properties, many owners find themselves torn between managing their own vacation rental or using a property management company. 

 

While sites like VRBO, Airbnb, and HomeAway make it easier than ever to manage your property on your own, there are still a number of factors to consider. There are some distinct advantages and disadvantages to each option, and it really comes down to each owner’s preferences, situation, and goals. 

 

To help you make a decision about your rental property, here are a few pros and cons to consider. 

 

Working with a Property Management Company 

Using a property management company can be a good choice for owners that don’t live near their rental or that don’t have a flexible schedule. The key benefits to working with a property management company are that they:

 
  • Provide quick service for guests needing help or maintenance 

  • Offer extensive marketing and promotion of your rental property 

  • Reduce risks for owners through well-written and tested rental agreements, security deposits, and damage policies. 

 

As you might imagine, one of the biggest disadvantages of working with a property management company is the expense. However, for owners with limited time or that want to take a hands-off approach, a property management company can be ideal. 

 

Managing a Vacation Rental on Your Own

In contrast, managing a property on your own makes a vacation rental a much more hands-on investment. Here are a few key benefits of going this route: 

 
  • More control over how the property is maintained

  • More control over when the property is rented and the guests that stay in the property

  • An opportunity to build a rapport with guests that often leads to return guests and improved reviews

  • Fewer monthly expenses, leading to increased annual revenue

 

However, the key disadvantage of managing your vacation property is the amount of time it takes. You’ll have to deal with maintenance, cleaning, paperwork, reservations, and marketing. Additionally, you serve as the point-of-contact for guests at check-in and check-out as well as being available for any needs they have during their stay. 

 

While there are pros and cons to each route, the good news is that owners have options and can decide what’s best for them. 

 

For questions about vacation rentals or for help finding the perfect Smoky Mountain Vacation home, contact our team of local real estate experts.