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07-08-2008, 05:17 PM
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Senior Member
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Join Date: Jun 2007
1,913 posts, read 1,441,692 times
Reputation: 237
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Sevierville, Tennessee
Hey, NJ resident here, looking at a log cabin in Sevierville maybe 5-7 miles from Douglas Lake. This would be part getaway place and part investment.
What do you think about the area? Nice? Economy? Housing prices?
Thanks!
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07-08-2008, 05:59 PM
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Real Estate Agent
Status:
"There's No Place Like Home"
(set 21 days ago)
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Join Date: Sep 2006
Location: Knoxville, Tennessee
10,521 posts, read 7,737,608 times
Reputation: 3209
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If it is for your pleasure, then there are great prices for cabins, right now. Just don't think that you will be able to rent it out and make money. There is a glut of cabins and many foreclosures.
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07-08-2008, 06:03 PM
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Senior Member
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Join Date: Jun 2007
1,913 posts, read 1,441,692 times
Reputation: 237
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Quote:
Originally Posted by hiknapster
If it is for your pleasure, then there are great prices for cabins, right now. Just don't think that you will be able to rent it out and make money. There is a glut of cabins and many foreclosures.
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Thanks, that's what I'm seeing for the most part. This wouldn't be a short term flip or rental just a place to get away from it all and relax. I have friends in NC too.
Any idea how bad the market is?
Keep the comments coming! Thanks! |
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07-08-2008, 07:16 PM
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Real Estate Agent
Status:
"There's No Place Like Home"
(set 21 days ago)
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Join Date: Sep 2006
Location: Knoxville, Tennessee
10,521 posts, read 7,737,608 times
Reputation: 3209
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The market in that area is really saturated. Check out this deal.
Listing #617093 |
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07-08-2008, 07:23 PM
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Senior Member
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Join Date: Jun 2007
1,913 posts, read 1,441,692 times
Reputation: 237
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Thanks for the website. Looks like a great deal. Might have to hold for a number of years if the market is that bad. Was there general overbuilding?
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07-08-2008, 07:29 PM
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What if a tree fell on me in the forest?
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Join Date: Nov 2007
Location: Knoxville, TN
327 posts, read 213,865 times
Reputation: 151
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Quote:
Originally Posted by MoorestownResident
Hey, NJ resident here, looking at a log cabin in Sevierville maybe 5-7 miles from Douglas Lake. This would be part getaway place and part investment.
What do you think about the area? Nice? Economy? Housing prices?
Thanks!
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If you shop around carefully, you can probably find some good deals over there. Like Hiknapster says, it's virtually impossible to cash flow a rental property but if it's for your own private use, it's a nice area to have a place to relax.
LCG |
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07-08-2008, 07:31 PM
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What if a tree fell on me in the forest?
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Join Date: Nov 2007
Location: Knoxville, TN
327 posts, read 213,865 times
Reputation: 151
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Quote:
Originally Posted by MoorestownResident
Thanks for the website. Looks like a great deal. Might have to hold for a number of years if the market is that bad. Was there general overbuilding?
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There is a really good web site if you do a yahoo search for "gatlinburg realtors". It's a blog by a re/max agent that gives great insight to the Sevierville area real estate market. That should give you a good place to start forming some ideas about what's going on over there.
LCG |
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07-08-2008, 07:34 PM
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Senior Member
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Join Date: Jun 2007
1,913 posts, read 1,441,692 times
Reputation: 237
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07-08-2008, 07:42 PM
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What if a tree fell on me in the forest?
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Join Date: Nov 2007
Location: Knoxville, TN
327 posts, read 213,865 times
Reputation: 151
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Quote:
Originally Posted by MoorestownResident
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that's the one! I'm not sure you can post links here, that's why I didn't but read through his blog. That should give you lots of insight to the market over there.
And let me know when the lake party is! 
LCG |
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07-08-2008, 07:45 PM
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Senior Member
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Join Date: Jun 2007
1,913 posts, read 1,441,692 times
Reputation: 237
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Appreciate it, I just sent him a note asking if he would like to work with me on finding a good deal. I never go directly to the listing agent!
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