Market Trends: 3/10/2010
Foreclosure / Bank Owned / Short Sale
Market Snapshot
Total Properties Listed:
378
Month-Over-Month Change: +4.13%
Average List Price:
$197,174
Month-Over-Month Change: -.26%
Median List Price:
$174,900
Month-Over-Month Change: +4.11%
Typical Property
Single-Family Home
2.55 Bedrooms
2.49 Baths
$197,174 Average List Price
$127/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$192,921
2 Bedrooms:
$211,526
3 Bedrooms:
$234,425
4 Bedrooms:
$365,448
5 Bedrooms:
$354,925
Top 5 Most Viewed Properties
Foreclosure / Bank Owned / Short Sale, TN Real Estate:
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Smoky Mountain: 6,044 Listings
Foreclosure / Bank Owned / Short Sale Real Estate
Foreclosure / Bank Owned / Short Sale Neighborhoods
About Foreclosure / Bank Owned / Short Sale
While the real estate markets in Gatlinburg TN and the surrounding areas of Pigeon Forge and Sevierville have remained more stable than many in the country during this economic downturn, there are some distressed properties on the market now. These would include those in foreclosure, bank-owned or REO properties, and those being offered as a short sale. Our team members are Certified Distressed Property Experts (CDPE) and can assist you in finding and negotiating for a distressed property. In addition, we have downloadable educational materials that can help you understand how the distressed property market works. If you need to place your property on the market for a quick sale, we can assist you in working with your lender to accomplish the best result.
Buying a New Foreclosure / Bank Owned / Short Sale Home?
Buying a Foreclosure / Bank Owned / Short Sale home can be a daunting task. Before setting out on your house hunting journey, you should
know what you really want to find. Take some time to list all the features that are most important to you and your
family. Here are a few ideas to consider in looking for a Foreclosure / Bank Owned / Short Sale home to purchase:
- Location – Foreclosure / Bank Owned / Short Sale has a good number of wonderful areas to choose from. Also think about your proximity
to quality schools, medical facilities, and shopping markets.
- Size – Do you need a certain number of bedrooms or bathrooms? Don’t forget about closet space
- Parking – Is a covered garage important to you?
- Style – 2-story house or ranch style home? New or older home?
- Air Conditioning & Heating – central heating and/or air conditioning can be a savior in Foreclosure / Bank Owned / Short Sale.
As you browse homes on , keep these ideas in mind. Your list may change over time as you do more looking.
You may want to add or remove features, or perhaps you'll become willing to make compromises to find the Foreclosure / Bank Owned / Short Sale home
that is the best fit for your family. With hundreds of beautiful Foreclosure / Bank Owned / Short Sale homes to choose from, you’ll surely find the
one for you. Get started now.
Selling your Foreclosure / Bank Owned / Short Sale Home?
Selling your Foreclosure / Bank Owned / Short Sale home through The Terrell Team is the right decision. Our agents are here to guide you
through a potentially complicated process. You deserve top-dollar for your property and The Terrell Team is committed to marketing
and selling your home. All of our agents are certified REALTORs® and they are determined to give you peace of mind
throughout the home selling process. With years of experience in the Foreclosure / Bank Owned / Short Sale home market, our team has the secret recipe
for attracting the right kind of home buyers at just the right time. Choosing The Terrell Team is a wise decision. Learn a bit
more about our agents here.
Apply for a Home Loan to purchase your Foreclosure / Bank Owned / Short Sale home?
The Foreclosure / Bank Owned / Short Sale home market is highly active at this time. Interest rates continue to hover near record lows and it’s never
been easier to finance your Foreclosure / Bank Owned / Short Sale home purchase —whether it’s your first home purchase, a vacation property, or a retirement
townhouse. Find out how much house you can afford, learn about settlement and closing costs, and access the most current
lending rates through our preferred mortgage partner.