Contemplating That Gatlinburg Home For Sale?

Posted by Gatlin on

Some of my sources suggest that mountain homes could be at a good time to buy. Recently, The Wall Street Journal printed an interesting article by Jack Hough of smartmoney.com. Mr. Hough puts forth some intriguing ideas on why it could currently be a great time to buy a house. United States home prices have dropped almost 1/3 since 2006 and homeownership rates are falling like they were in the great depression. This may appear alarming, but there is a silver lining. First, lower prices are bringing value to home ownership and there is plenty of home inventory to consider. Number crunchers dance the line between renting vs. buying. The benefit of renting over buying changes with current market conditions. Home price/rent ratios are much like stock price/earnings ratios. Lower price/rent ratios favor owners over renters. Moody’s Analytics reports that price/rent ratios at the peak of the bubble were 18.5. Now the ratio is down to 11.3. For comparison from 1989-2003 the national average was approximately 10. Mortgage rates are a primary factor in overall home costs. Rates across the country are close to all time lows. The rates move from 3.94% to 4.12%. This makes house payments more affordable than in years. The hurdle comes in qualifying for today’s tighter lending standards.

It is important to factor in the location of the housing market you are considering. Some, like Detroit or Miami are bargains, while New York or San Francisco are in demand and command a premium. The author favors a “buy and hold” position and discourages an invest and flip position. He also recommends careful shopping as prices could decline farther. However, high yields are challenging in many of today’s investments, so homes offer a firm, reasonable opportunity.

If you want to explore your options in today’s East Tennessee Smokies, begin on our website. There are ample options available to explore at your own pace in the privacy of your own home. Begin today to explore these exciting opportunities.

Here a few of my new & featured listings: 

 

Great Four Level Chalet/Nice Ridge View
Very large 4 level chalet that sleeps 16. Big open space in all rooms and 4 levels of decks. Nice mountain views and walking distance to owners club and pools.
Type: Single Family Home
Location: Chalet Village
Price: $279,900
Get more information >

 

A-Frame w/Serene Setting/Incredible View
Total privacy with this A Frame home with incredible mountain vista and mature native mountain laurel. Located in Gatlinburg and walking distance to community pools, tennis courts, and Ski Resort.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $159,900
Get more information >

 

Great Price For Beautiful Mountain View
Plenty of community amenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >

 

Have you considered your Gatlinburg Home for Sale?

Posted by Gatlin on

There can be challenges for selling mountain homes or other real estate.  This week’s blog will share 7 tips for a better home closing.  The source for this material came    through the National Association of Realtors.  This valuable Trade Association shares money saving tips that benefit both buyers and sellers.  Through the years, the NAR has seen people lose out on potential savings because they felt they were done in the property sales process.  Often the entire process of selling one home and buying another can leave one baffled by all the steps that are required.  These following 7 tips could save you additional money at closing time.

Tip #1: Avoid potential hassles by contacting all utility and service providers for; shut off, or transfer to your new address on the official closing date.  Make sure automatic scheduling of; fuel oil, propane, or other items is not an unintended gift for the new buyers of your old home.  Also be sure your home insurance ends at closing, and refunds of any prepaid premium are paid to you.

Tip #2: Notify important contacts of your change of address, in advance of the closing date.  Typically you file post office changes of address paperwork, 2-4 weeks before closing.  Obviously, credit card companies, subscription personnel of publications, brokers and financial institutions, as well as friends and families should be informed of the date of the change and new address.

Tip #3: Allow enough time to select a good moving company.  If your move is long distance, evaluate what should be moved.  Weight is a critical factor.  Also, contact your insurance agent to determine the extent of coverage, during the move.

Tip #4: Double check the math on your HUD-1 Settlement Statement, the day before the closing.  Everyone is human, mistakes can occur.  Make sure your statement is correct.

Tip #5: Along with #4 review all charges on your settlement statement.  Were all discounts or promises included? Were critical deal closers omitted?  Beware of statement omissions that could set you up for legal liability later on.

Tip #6: Make sure the settlement company credits you for prepaid expenses.  These may include; property taxes, homeowner association fees, partial tanks of fuel, etc.

Tip #7; Check all accounts to be sure none of your money is being held in escrow.  It is best to get your money right away, rather than to forget about it, or have it lose value over time.

Here at the Jason White Team, we have enjoyed much success because of our great clientele.  In return, we do everything possible to help and empower our clients. From our customer geared website with it’s market oriented blogs, to our experienced personnel, we work at giving you a rewarding win/win experience in real estate.  As a buyer or seller, we earn your respect one property transaction at a time.  Contact us today, at 877-678-2121 and let us assist you in achieving your real estate goals.

Here are a Few of My Current Listings:

Two Master Suites/Spectacular Mtn View
Two master suites with spectacular mountain views of the Great Smoky Mountains and Ober Gatlinburg Ski Resort. Fully furnished for immediate enjoyment of this beautifully decorated chalet. Great for permanent residence or rental.
Type: Single Family Home
Location: Chalet Village
Price: $239,900
Get more information >
Fully Furnished and Ready for Rental
Great deal on a three level home that is fully furnished. Large bonus room that could be a theatre/bonus room.
Type: Single Family Home
Location: Chalet Village
Price: $179,900
Get more information >
Update w/ Spectacular Views of Mountains
This updated, meticulously maintained home is a beauty! Enjoy the spectacular northern view of the mountains from a level yard on one of many decks.
Type: Single Family Home
Location:Gatlinburg ,Tennessee
Price: $219,900
Get more information >

On the Quest for Smoky Mountain Real Estate?

Posted by Gatlin on
Winter Stream in Great Smoky Mountains

 

Searching for a Gatlinburg home or a property in any location, requires a certain amount of preparation.  Our blog for this week zero’s in on the advance planning that buyers need to do before their home purchase.  The source for this material comes from the National Association of Realtors.  They put out an article to their members on 10 ways to prepare for home ownership  .  It offers great home buyer advice that is worth sharing.      

Home Buyers need to determine what they can afford.  This is the first step. Typically most people can buy a home that is two to three times their gross income.  The home buyers second step is to set up a wish list for the new home.  This wish list should be prioritized before the actual home search.  Step three is determining where you want to live.  Select three or more areas with neighborhoods that you like.  Factor in travel time to; work, school, recreation, and other daily activities.  Consider the quality to all facets of the area, and potential resale.  Fourth on the list of preparation is begin saving for your home purchase.  Shoot for a minimum of 20% for a down payment.  An additional 5-10% for miscellaneous closing costs will cover attorney fees, taxes, transfer fees, etc.  Getting your credit in order is the fifth item.  Request a copy of your credit report and make sure it is accurate.  If there are problems, begin immediately to get them corrected and take steps to improve your credit.     

 The first five steps we discussed take a future homeowner to the half way point in preparation.  Step six is to set up mortgage qualifications.  How large of a mortgage can you get?  Explore various options on loans like; fixed or adjustable, term length, etc.  Determine your best option and your best loan source.  The seventh item of preparation is to get pre-approved on your loan.  This requires submitting necessary documentation like; prior years’ tax forms, W-2’s, 1099’s, pay stubs, etc.  Step eight requires creativity to see if there are other potential sources of funding for the down payment.  For instance, are there any state or federal programs that offer assistance for down payment money?  Some retirement funds may be used without penalty, for some aspect of a home purchase.  The ninth step in home ownership preparation is to calculate all costs associated with owning a home.  These include; insurance, maintenance, utilities, association fees, property taxes, and future repairs.  It is best to be prepared for all aspects of the successful home owner lifestyle.  The final step is to find a realtor you can work with, and one who can truly help you. Some Realtors specialize in certain kinds of property.  Make sure they have the patience often needed for first-time buyers.  This may require getting referrals from people you know and conducting your own screening, or interview process.  Be respectful of people’s time during this selection procedure.  These ten steps will prepare any first time, or seasoned buyer for the road to owning a home.  Completing these steps certainly eliminates many of the hassles in the path to acquiring a new home.       

If you are considering any kind of home purchase here in the Tennessee Smokies, the Jason White Team can simplify your search.  Everything from our user-friendly web site, to our realtors’ expertise is geared to help both buyers and sellers alike.  Contact us today 877-678-2121, and have fun finding your home in the Tennessee Smokies!   

Here are a Few of My Current Listings: 

Surrounded by The Great Smoky Mountains!
Enjoy total privacy in one of the most picturesque settings in the area. Located in the prestigious community of Riversong and surrounded by The Great Smoky Mountains National Park. You can hear the relaxing sounds of the Little Pigeon River from the deck
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $769,900
Get more information >
11 Bedroom- Smoky Mountain Stunner!
This 11BD/11.5BA mountain top home is designed with hardwood floors, high quality furnishings and antique decor throughout. A stunning handcrafted cedar staircase, sunroom w/large swim spa, sauna, media room, over 2500 sq ft of decking to enjoy the view!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,475,000
Get more information >
Mt LeConte View w/Large Open Floor Plan
5 bedrooms all with in suite baths for privacy. Huge great room for those family gatherings and could walk to trolley to take to town or to Nat’l Park.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $350,000
Get more information >

Changes in Tourism Can Create New Trends in Smoky Mountain Real Estate

Posted by Gatlin on
Happy New Year From All of Us at the Jason White Team!

Choosing the perfect Gatlinburg home for sale, may shift property buyers into new options.  For this reason, we keep our readers aware of area changes that may impact purchase decisions.  Real estate is most often the largest expenditure that many people ever make.  As area representatives for property buyers and sellers, we want your decisions to be the best choices that current information will allow.        

The Jason White Team utilizes a multitude of resources, to keep our clients updated on this area’s real estate environment.  Over the holidays, I read an interesting article in our local Sevier County, Mountain Press newspaper.  Managing Editor, Bob Mayes gave a abbreviated version of a Smoky Mountain survey conducted from the Spring of 2007 through the Spring of 2008.  This year long survey was conducted by the Ackermann public relations firm out of Knoxville, TN.  The research focus of the Ackermann team was to determine, what the allure of the Smoky Mountains is to tourists.  The distillation of their studies provides some interesting results. The Ackermann research revealed that tourism is changing.  At the time of the survey, the estimate of yearly tourists visiting the area was just under 11 million.  Some of this number are day tourists, who leave home, take in various attractions, and then return home in the same day.    A sizable number of people were coming here for the first time.  The typical influx of tourists based on seasonal patterns was also shifting.  Some of this may be due to changing school schedules throughout the nation, but the area surrounding the Smokies is becoming an all year attraction.  Over 1/3 of first time visitors are staying at high end lodging, and over 1/3 of first time visitors are youngsters under 3 years old.  Many of today’s visitors are flying in, rather than driving, and many are from more affluent areas.  New attractions are bringing in double digit growth despite the challenged economy.  Another aspect to our modern tourist is that they travel all over the  area ( NC and surrounding states), rather than remain parked in their lodging.       

This article about the survey is intriguing.  It gives today’s property buyer other aspects to consider in making their purchase.  You can find more information available on our website and gain valuable insights from the experience of the Jason White Team.  Contact us today at 877-678-2121 to get started.        

Here are a Few of My Latest Listings:

A-Frame w/Serene Setting/Incredible View
Total privacy with this A Frame home with incredible mountain vista and mature native mountain laurel. Located in Gatlinburg and walking distance to community pools, tennis courts, and Ski Resort.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $169,900
Get more information >
Fully Furnished/Remodeled Condo/In Town
Newly remodeled condo in the heart of Gatlinburg. Close to all the shops and dining. Fully furnished! Great rental income!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $149,900
Get more information >
Fully furnished/walk to Gatlinburg!!
Walk to downtown Gatlinburg from this condo. Use as a second home or overnight rental. Fully furnished!
Type: Single Family Home
Location: Gatlinburg, Tennessee
Price: $149,900
Get more

Real Estate Has Bright Spots as the Overall Market Adjusts to Stimulus Withdrawal

Posted by Gatlin on

Homes in Gatlinburg, Tennessee and across the nation are adjusting to a real estate market without federal tax incentives for buying houses.  My news sources out of the Wall Street Journal feel the market is reacting much as expected, to life without an $8,000 tax credit for buying a new home.  Throughout the duration of this federal program, the stimulus tax credit combined with low mortgage interest rates, to bring buyers back into the real estate market.  The influx of homebuyers absorbed enough of a massive inventory of homes for sale to stall a decrease in home values.  Many areas of the U.S. are seeing home prices rebound nicely.  Obviously, the tax incentives accelerated homebuying activity and enticed buyers to purchase earlier than they may have done without the stimulus.  For this reason, a drop in homebuying was expected as the federal stimulus ended.

The highlight in the current real estate market is that mortgage interest rates are very low and there is a good selection of homes for sale.  Average 30 year rates fell to 4.8% while 15 year rates appeared to rise to 4.25%.  However, the fees charged to borrowers fell, in effect, lowering the 15 year rate.  The challenge in mortgages lie in the tougher qualification standards.  If you qualify, this is a great time to find your property and lock in a really great interest rate on your mortgage. 

In considering East Tennessee Smokies’ real estate, there are several factors that could make now a great time to buy.  First, as previously mentioned, there are great interest rates for qualified buyers and there is a great selection of property for sale.  Second, the Smokies did not see the great spike up in prices that drove other markets across the country.  One can get a lot of value for the money in this area.   Third, our area is a convenient location for over 1/2 of the U.S. population.  The area is physically beautiful and the local area caters to visitors.  In addition, an investment in Smokies real estate could be far more stable than other investments in today’s volatile investment arena.  Contact the professionals of the Jason White Team online or by phone and begin your search today to acquire the property of your dreams in East Tennessee’s Great Smoky Mountains.

Here are a Few of My Current Listings:

Private with Beautiful Mountain View
Plenty of community ammenities, private, yet close to town. Enjoy nature and wildlife at this tastefully furnished log cabin from three covered decks, all with mountain views. Spacious for family gatherings, with two game rooms as well as a living room.
Type: Single Family Home
Location: Pigeon Forge
Price: $325,000
Get more information >
Heritage Log Home w/ Views of Mt LeConte
This beautifully built Heritage Log Home in prestigious Chalet Village has great views of Mt. LeConte. Private yet close to downtown shopping and dining. Three master suites for privacy and on a open lot with level parking.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $379,900
Get more information >
Gatlinburg Home in Enclave w/ Mtn Views
This custom home has beautiful mountain views with plenty of decking and outside fireplace to enjoy. The spectacular kitchen offers plenty of high end appliances and custom details and the master bath is incredible with tumbled Italian Tile.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $1,950,000
Get more information >

Call today for information on any of these or other listings that may be of interest to you!  877-678-2121

U.S. Home Sales Continue to Improve

Posted by Gatlin on

There is encouraging news that continues to build in the country’s housing market.  My realty news sources out of the National Association of Realtors in Washington D.C. are reporting improvement on multiple fronts within U.S. home sales.  In the first quarter of 2010 more metropolitan areas of the country are seeing home price increases, over the same period in 2009. There were 91 out of 152 metropolitan statistical areas, that saw higher median existing single-family home prices over 2009’s first quarter figures.  The national median existing single-family home price for the first quarter was $166,100.  2009’s first quarter median price was $167,300.  In a median price, 1/2 sell for more and 1/2 sell for less.  This slight decline shows a resilience in the housing market because the first quarter of 2010 contained 36% distressed homes.  “Distressed” homes are bargain priced, typically 15% below market price, and include; foreclosures, short sales, REO’s, etc.  With over 1/3 of the first quarter houses selling with below market prices, the balance of non-distressed homes must be improving their value to offset this difference.

NAR’s Chief Economist, Lawrence Yun is encouraged by the growing stabilization in home prices.  He continues to believe that the drop in inventory of homes for sale will promote home price stability.  The reduction of home inventories has been facilitated by the homebuyer tax credit stimulus.  Yun hopes that this federal stimulus will be enough to allow home prices to consolidate and then resume their upward trend. NAR President, Vicki Cox Golder sees a renewed confidence returning to homebuyers.  She also sees homebuyers moving into a “buy and hold” mindset that is moving away from the “buy and flip” mentality that became prevalent in recent homebuyers.  The NAR President feels that financing of homes may be the greatest hurdle to future home purchases.  Interest rates are beginning to rise and mortgage restrictions have been a challenge to closing deals for many realtors. 

If you have been entertaining the dream of owning a home in the Tennessee Smokies, now could be the time to buy.  There is a good supply of properties for sale.  For qualified buyers, there are good interest rates that are slowly beginning to increase.  Prices are off their highs on most real estate.  With the world’s currency and stock markets moving up and down like yo-yo’s, this could be a good time to put some investment into Smokies real estate.  At least it gives you a reason to come and visit the beauty and fun here in East Tennessee’s Great Smoky Mountains.  Surf our website and get your search parameters set to find the property you want.  Getting started with leading realty professionals of the Jason White Team is only a mouse click or phone call away.  Call today!  877-678-2121

Here are a Couple of My Latest Listings:

Level Parking/Great Views of Mt LeConte!
Totally updated chalet with huge wrap around deck to enjoy the spectacular views of Mt LeConte. Private master with sitting area and custom tile shower and 2 shower heads and updated gourmet kitchen. Sold fully furnished and short walk to community pool.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $249,900
Get more information >
Contemporary Mtn Home w/Mt LeConte View
This contemporary mountain home as been updated. It offers amazing Mt LeConte views with master on main level and two bedroom suites and living room downstairs for privacy. Already on a rental program and producing great income.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $399,900
Get more information >

Call me today at the Jason White Team to view any of my listings!  877-678-2121

Navigating the Minefields of Today’s “Distressed Property” Market

Posted by Gatlin on

Today’s real estate market participant needs to be savvy to the wide variety of terms used to describe “financially distressed” real estate in the U.S.  As buyer or seller, there are legal steps for disposing or acquiring certain types of  “distressed real estate”.  Sellers of  “distressed property” can have their credit score adversely impacted, depending upon the type of liquidation process that is used on their property.  With all this being said, deeply-discounted property from; foreclosures, short sales, etc, helped drive the 2009 real estate market in the U.S.  This was especially powerful, when combined with federal tax credits geared to motivate new and repeat homebuyers to enter the market.  The impact of these “financially distressed” properties may be a significant part of our country’s real estate picture for some time into the future.

For these reasons, I feel this week’s blog/newsletter should kick off an examination of the various terms used for “distressed property” in today’s realty arena.  Please be aware that laws governing “distressed property” and real estate in general vary from state to state.  There can be federal IRS tax consequences hidden in these “bargain properties” as well.  For the best advice possible, utilize a CPA and an attorney with real estate experience in the area that you are buying or selling real estate.  The Jason White Team can refer you to professionals in East Tennessee’s Smokies that can assist with complex property issues on a sale or purchase here.  In order to keep this blog/newsletter reasonable in length, look for the upcoming examination and definition of “financially distressed properties” like foreclosure and short sale in my website, www.smokymountainlifestyle.com,  under the categories of; “For the Buyer” and “For the Seller” across the top of my home page. This project should be complete within the next week or so.

Here are a Couple of My Latest Listings: (These are not foreclosures or short sales!)

Update w/ Spectacular Views of Mountains
This updated, meticulously maintained home is a beauty! Enjoy the spectacular northern view of the mountains from a level yard on one of many decks.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $248,500
Get more information >
Up Close and Personal w/ Mt LeConte
Level yard and totally updated with panoramic views of Mt. LeConte and Gatlinburg’s city lights. Excellent location-close to downtown Gatlinburg and all the amenities!
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $239,900

New York’s S&P/Case-Shiller Home Price Indices Show a Mixed Bag of Results

Posted by Gatlin on

Throughout my assessment of the current real estate market, I like some diversity in the analysis of data. Today’s blog will focus on information out of New York via Standard & Poor’s/Case-Shiller Home Price Indices. This index provides both seasonally adjusted and non-seasonally adjusted data that helps track the path of single family homes in 20 large metropolitan areas across the country. Most analysis requires a time lag to post and interpret the data. The figures we are viewing are from November of 2009. With S&P/C-SHP Index we can look at individual metro areas or view the index from a 10-city or a 20-city composite to assess trends in home pricing. The good news is that most markets are showing improvement. Home prices are off their peak, but the rate of decline has slowed. Some of the country’s best markets are entering positive territory for the first time in 2 years like; Dallas, Denver, San Diego, and San Francisco. On the flip side, markets in; Las Vegas, Charlotte, Seattle, and Tampa are putting in lower prices that may establish the bottom for higher values in the future.

February Index Results

All this information is interesting, but each of us must utilize it in some way that benefits our lives. For some, the figures show that extreme bubble-inflated real estate markets are still searching for a bottom. There also seems to be a trend that; upbeat, fun, climatically-favorable markets are among the first real estate markets to recover. For those of you considering the Great Smoky Mountains, as a place for real estate purchase or sale, this current data supports us. While this area of East Tennessee saw growth at the peak, we were not unrealistic like other markets. Our area is like many of the markets that are first to recover. The Smokies has a great location, we have fun amenities available, and our climate and scenery are beautiful. We are a top location for the eastern half of the nation. Contact the Jason White Team today, to secure your personal slice of paradise for; a primary residence, a vacation home, or an investment property.

Now is a great time to view vacant land!!  Here are a few of my outstanding current listings nestled in the upscale neighborhood of Riversong:

Private-Close to Gatlinburg/Pigeon Forge
This private upscale subdivision has a common access to boulder strewn river for swimming and fishing. This lot can be built on the downside allowing for sloping drive.
Type: Land
Location: Sevierville,TN
Price: $54,900
Get more information >
Upscale Neighborhood-Close to Smoky Mtns
This property is convenient to Gatlinburg, Pigeon Forge and Sevierville but in a private, serene, wooded, upscale, subdivision which offers common access to the river for swimming and fishing.
Type: Land
Location: Sevierville,TN
Price: $64,900
Get more information >
One Mile to Great Smoky Nat’l Park!
This private lot is gently rolling, mountainous and wooded. Located in the upscale subdivision of Riversong which offers common access to the river for swimming or fishing and is centrally located for convenience.
Type: Land
Location: Sevierville,TN
Price: $64,900
Get more information >
Exclusive Home Site w/Mountain View
This level road access property offers a exclusive home site in a private, serene, wooded environment with mountain view.
Type: Land
Location: Sevierville,TN
Price: $54,900
Get more information >
Two Mtn Lots/ Serene/Wooded /Sevierville
Two lots combined in subdivision to make one fantastic private lot with no close neighbors and common area access to the river for swimming and fishing.
Type: Land
Location: Sevierville,TN
Price: $74,900
Get

Real Estate Outlook: Warning of Slow Down?

Posted by Gatlin on

Smoky Mountain CabinThough some economic analysts are warning that the housing market’s rebound will slow down as the weather turns colder, this week’s numbers show no hints of that. In fact, they’re actually pretty warm.

Start with house prices. The Clear Capital Home Data Index, which tracks price movements in thousands of neighborhoods and ZIP codes across the country, reported a 6.3 percent gain for the period covering August 27th through September 25th.

The latest index found prices up for the first time since 2006 in two of the hardest-hit real estate markets – Riverside-San Bernadino, California, and Orlando, Florida. Though the gains weren’t big – just 1.2 percent in Orlando, and half a percentage point in Riverside- San Bernadino – just the fact that they’re finally bottoming out has got to be good news for property owners and sellers there. Baltimore also saw its first positive price change in seven quarters on the Clear Capital Index, while other major markets continued their multi-quarter strings of gains.

Dallas-Ft. Worth, for example, saw prices rise by an average 2.3 percent. Miami-Ft. Lauderdale was up 3.4 percent, Houston 3.1 percent and even New York, which has had a tough time recently in Manhattan, posted a 1.6 percent jump. Meanwhile, the mortgage market continued to provide plenty of financing fuel for home buyers looking to use the $8,000 tax credit before it possibly disappears at the end of November.

The Mortgage Bankers Association says average thirty year rates dropped again last week in its national survey — hitting 4.89 percent — the lowest they’ve been since May. Fifteen year fixed rates decreased to just 4.3 percent, which is the lowest ever recorded in the mortgage association’s survey history. Not surprisingly, record low rates are pulling in massive numbers of new loan applications. Overall applications were up by 16 percent last week. Loans to people planning to buy homes jumped by 13 percent, while refinancing applications soared by 18 percent.

And here’s a truly amazing statistic: New mortgage applications to buy houses using FHA loans were 52 percent higher last week than they were a year ago! With mortgages flying out of banks with interest rates in the mid -to -upper four percent range, you don’t spend a whole lot of time worrying about a slowdown in the real estate rebound. Unless, of course, Congress doesn’t extend the $8,000 tax credit into next year. 
Feel free to contact the professionals at the Jason White Team for an in depth look at the Gatlinburg real estate.

                    Here are a couple of Jason’s Latest Listings!!    

 

 

 

 

Cozy Condo w/ Balcony Overlooking Stream
This conveniently located condo is only 1.5m from downtown Gatlinburg’s shopping and dining. Even has a woodburning fireplace and balcony to enjoy the beautiful mountain stream.
Type: Condo
Location: Gatlinburg ,Tennessee
Price: $86,900
Get more information >
This Spacious Home Has Lots to Offer!!
This spacious home has a wrap around deck with hot tub and covered front porch to enjoy the beauty of nature. Homeowner has included the vacant lot next door in the price and if you finish off the basement it would add 948 sq ft to this property.
Type: Single Family Home
Location: Gatlinburg ,Tennessee
Price: $185,000
Get more information >

Gatlinburg Real Estate Resources

Posted by Gatlin on

Interested in Gatlinburg Real Estate?  Sign up to receive automated Gatlinburg property email listing alerts when a property fitting your criteria enters the Gatlinburg real estate market.  There are no obligations and your personal information is kept private at all times.

Relocating to the Smoky Mountains? Please use our complimentary online Gatlinburg TN Real Estate Search

Buyers Want Your Home for As Little As Possible. Quickly Find Out What It’s Really Worth, by Email, for Free.

Are you thinking of selling your Gatlinburg, Pigeon Forge, Sevierville home? You should know exactly what it’s worth before making such an important decision.

Let us do a quick “Gatlinburg Comparative Market Analysis” for you, for free, and with no obligation. Also known as a CMA, this analysis compares your home to others that are currently on the market and to those that have recently sold.

For more information about Gatlinburg Homes, please contact The Jason White Team tollfree at 877.678.2121