East Tennessee mountain homes sometimes follow general market trends of the nation. In a Wall Street Journal article from earlier in February 2011, there is evidence that cash buyers are generating serious activity in real estate across the country. A lot of the transactions are in seriously depressed markets. The author of this article feels that this action could be signaling a bottom or near-bottom in the property market. As an example; last year in Miami-Fort Lauderdale, cash buyers accounted for over 50% of sales vs. 13% of buys in the 4th quarter of 2006. Phoenix cash buyers were 42% in 2010. This was 3 times the cash purchases in 2008. Market analysts are optimistic that a renewed vigor is returning to the nation’s property markets. The increase of cash buyers can be good and bad. The positive side of cash purchases is they are quick and easy transactions without the lenders involved. The other side of cash purchases is that they are bargain driven. If someone is plunking down a chunk of cash, they want a deal. Sometimes the sellers are taking a beating especially in the country’s most depressed property markets.
The Tennessee Smokies was never an out-of-control, high-flyer market. We were much more conservative, unlike areas in California, Florida, Nevada, and Arizona. Our market has remained healthier than most, in the recent decline. If you are a cash buyer on a property search in the Smokies, there are still plenty of bargains available. For those of you who wish to finance, getting pre-approved by your lender will give you the ability to move quickly, like a cash buyer. Contact the Jason White Team today at 877-678-2121 to get started on your new and exciting search for property.
Here are a Few of My Latest Listings:
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Fantastic Rental Income & Mtn View! Incredible furnished rental with fantastic Mt LeConte view. Lots of decks w/hot tub to enjoy the view. Bedroom suites with recreation room and kitchenette for entertaining. Lots of room for large groups. Sleeps 18. Type: Single Family Home Location: Sevierville,TN Price: $489,900 Get more information > |
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Close to Everything w/ Mtn View! Close to everything including shopping,dining, etc. in Gatlinburg. Club house with pool and tennis courts close by as well. Green space/unbuildable lot across the street to insure privacy comes w/house. Great for detached garage! Type: Single Family Home Location: Chalet Village Price: $249,900 Get more information > |
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Pre-Approved Short Sale! Mtn Views!! Pre-approved short sales with an incredible view of Mt.LeConte. Fantastic log home with private setting! Many, many features including home theatre and private bath for each bedroom. Wow! Don’t miss this one! Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $379,900 Get more information > |