The Bank Blinked!
I was whining, rather pitifully really, in a recent post to this Gatlinburg Real Estate Blog about how my largest client wasn’t pricing their properties to sell in the very challenging Smoky Mountain real estate market we are currently afflicted with. That changed today as Fannie Mae made some significant price reductions to several of the homes that we have listed for them. The following link will display the listings for all of the foreclosure properties that we currently have listed:
Pay particular attention to MLS# 143188 as it really is a bargain. While most foreclosure properties no longer are furnished this log-look vacation rental home located conveniently less than 5 miles from either Pigeon Forge or Gatlinburg is fully (and very attractively!) furnished and also boasts a nice mountain view. There are also some very attractive residences in this list as well and we have more coming.
Why did the bank blink? I believe that they are coming under increased pressure to sell and are now willing to price their inventory at levels that aren’t just competitive but are compelling. If you like what you see in the list above, or are interested in other properties that are available, please contact us.