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!

Feb. 7, 2021

Commission explained

What Expenses Does a REALTOR Have? 

When considering selling a property, homeowners have to consider whether to work with a real estate agent or sell their property on their own. Some consider listing their home FSBO (For Sale By Owner) in order to try to save some money in the transaction. 

 

The reality, however, is that many of these homeowners end up being surprised about additional expenses they incur along the way. To make an informed decision about how to list your property, it’s helpful to first understand the primary expenses that REALTORs have. 

 

Basic Expenses of Real Estate Agents

In addition to the direct costs associated with listings, real estate agents have some basic startup and overhead costs. These costs include licensing and continuing education fees, association fees, operational costs, and advertising and marketing fees. 

 

While these costs might not be directly related to a particular listing, they’re still something that homeowners should keep in mind. These expenses help agents become more knowledgeable, expand their network, and stay connected in the local market, all of which are essential when it comes to helping buyers and sellers. 

 

Expenses Associated with Each Listing 

In addition to basic startup, overhead, and operational costs, REALTORS have substantial costs associated with each listing and client. Agents do not get paid until a deal closes. As a result, a primary expense on each listing is their time. 

 

Commercial Sign on Listing

 

When dealing with a seller, agents generally meet with clients before a property is ready for the market. They give advice about repairs, upgrades, and what should be done to best stage and prepare the home for the market. During these early meetings, they also provide advice about pricing. Once the house is listed, the agent hosts open houses, shows the property, and negotiates a deal. 

 

In addition to the time each listing requires, REALTORS have substantial marketing expenses. A comprehensive marketing campaign helps to ensure that homes sell quickly, and agents cover the costs of these campaigns. Effective marketing not only includes listing the property on the MLS and social media, but also things like professional photographs and videos, local ads, hosting events, and creating marketing materials. 

 

Conclusion

REALTORS bring a wealth of expertise, market knowledge, and marketing skills and strategies to sellers. That expertise, coupled with long hours devoted to getting each home sold, makes them a smart investment for sellers. 

 

Contact our team with any questions about the process. And, if you're looking to buy or sell a home in the Pigeon Forge, Sevierville, or Gatlinburg area, call TN Smoky Mtn Realty at (865)280-2569 to get started. 

 

Feb. 7, 2021

Early 2021 Housing Predictions

Jan. 11, 2021

Buyer Expectations Of Cabin Purchase

Expectations Buyers Should Have When Looking at Cabins for Sale in Tennessee 

 

So, you’re ready to start looking at cabins for sale in Tennessee? Buyers can come in optimistic and excited to purchase an investment property. They are ready to hit the ground running, but they usually don’t know what to expect. At TN Smoky Mtn Realty, we want to give our buyers realistic expectations from the beginning. That’s why we’ve put together this buyer beware series so you know exactly what the process is like and what you need to look out for. Here are a few things you should keep in mind when looking at cabins for sale in Tennessee

 

 

Cabins for Sale

 

1. The process can be complicated, but we are here to help! 

The buying process isn’t always easy. There are a lot of things that your realtor is going to have to help you with. Realtors can make your buying process so much easier. If you go in expecting the process to be complicated, then you’ll be better prepared for what to expect. Although there are many facets to home buying, our team can guide you through it with ease. 

 

2. The market is always changing 

We know the Smoky Mountain real estate market! It is always changing. The great thing about utilizing our services is we can tell you how the market is doing and how that affects your home buying process. We can talk about how quickly homes are selling if sellers are willing to negotiate, and more! 

 

Related: Beware Zillow Online “Zestimates” When Looking at Smoky Mountain Real Estate!

 

3. There can be competition 

You might not get the cabins for sale in Tennesee that you’re looking for right off the bat. Sometimes, there can be some heavy competition in the area. We’ll do our best to get you ready to face the home buying competition. This can include helping you get pre-qualified for a loan, discussing your credit score, and other things that may give you a competitive edge. 

 

4. Communication with your realtor is key

From the beginning, we like to establish clear lines of communication with all of our clients. This lets you know what to expect from our team. Tell us what your timeline is for buying a property and we will do our best to make it happen. We can also discuss what your schedule is like, so we know when you’re available for showings. All of these are things that your realtor can help you with if you communicate with them. 


Now that you know what to expect, are you ready to get started? Check out these cabins for sale in Tennessee and give us a call at 865-280-2569 to begin the process.

Nov. 15, 2020

Beware Zillow Online Zestimates When Looking at Smoky Mountain Real Estate!

Browsing a house online

One of the first things people do when they’re looking for an investment property is to start browsing online. Beware! This isn’t beneficial for the buyer at all! Oftentimes, Zillow’s online “zestimates” are way off from the real estate’s actual appraisal. This can give buyers unrealistic expectations when it comes to buying a house or investment property. TN Smoky Mtn Realty is kicking off it’s “Buyer Beware” series with some information on why you shouldn’t rely on estimates from Zillow when it comes to buying Smoky Mountain real estate

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Posted in Blog
Oct. 12, 2020

Smoky Mountain Chalets Can Be a Booming Investment Right Now: Here’s Why

Smoky Mountain Chalets

What is the next booming investment option for people looking to increase their wealth? The answer is real estate. Investing in rental property can have a huge payout for you down the road. You’ll also be able to make a steady income each month when people rent your property. You should consider investing in Smoky Mountain chalets right now. Here’s why: 

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Sept. 17, 2020

Should You Invest in Secluded Mountain Cabins for Sale During a Recession?

Secluded Mountain Cabins

Are you wondering how to turn a profit during these uncertain times? Research has shown that one of the best things to invest in right now is real estate. Rental properties can continue to provide you with a steady income, even during a recession. So, if you’re asking yourself if you should invest in secluded mountain cabins for sale, then the answer is yes! Here’s why: 

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Sept. 2, 2020

EM - Earnest Money/Trust Money

So What is “Earnest Money,” Anyways?

 

So, you probably knew when you started this whole house-buying-process-thing that you wouldn’t be able to get out of it without putting at least SOME money in. We like to talk about no-down-payment and low-down-payment options, but the truth is you are going to have to have at least some funds on hand to get into that new-to-you-home. 

 

When you enter into a contract to buy a home, you will be required to put down what is known as “earnest money.” It’s easy to agree on a price and sign on the dotted line promising that you will buy something, but the seller wants to see you have a little skin in the game. A little bit of “good faith,” if you will. 

 

Earnest money amounts vary widely. You may only need to put down $500, or if you are paying cash you may need to put down 10% of the purchase price. Your agent will advise you here, but be prepared for at least $500. 

 

curled money

 

This money goes into what is known as an “escrow account.”  Don’t worry - you aren’t slipping it into the seller’s pocket. Your real estate agent’s firm or the title company will typically hold the funds (though other parties, such as the seller’s firm or an attorney, could hold it). The money will be held in this escrow account until the day you close on the property, at which time it is “credited” back to you at closing. 

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June 29, 2020

2020 Real Estate Predictions

Mountain view

What Are Experts Saying About the Rest of 2020?

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s a look at what some experts have to say about key areas that will power the industry and the economy forward this year.

Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association

“The recovery in housing is happening faster than expected. We anticipated a drop off in Q3. But, we don’t think that’s the case anymore. We revised our Q3 numbers higher. Before we predicted a 2 percent decline in purchase originations in 2020, now we think there will be 2 percent growth this year.”

Home Sales: Lawrence Yun, Chief Economist, National Association of Realtors

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May 15, 2020

Now is the Best Time to Buy Log Cabins in Gatlinburg TN

Anakeesta - Gatlinburg, TN

Ready to make an investment? Now is the perfect time to invest in log cabins in Gatlinburg, TN. If you have money saved up and a secure job, then you can increase your wealth by expanding your investment portfolio. Vacation rentals are great for first-time investors. They can provide a steady source of income each month. During a recession, you can get cabin rentals at a low cost and that’s just one reason why it’s the perfect time to buy:

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March 27, 2020

Here's What You Need to Know About Investing in Smoky Mountain Log Cabins

Smoky Mountain Log CabinsSo you’ve found your dream Smoky Mountain cabin, now what? There are lots of facets to the investment process, so the TN Smoky Mtn Realty team put this guide together to help you navigate it. We know that real estate jargon can sometimes be confusing, but that’s why we’re here. Whether you’re a first-time investor, an experienced pro, or just curious how the process works, here are a few tips about investing in Smoky Mountain log cabins: 

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Posted in Blog