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Over 10 million people visit the Gatlinburg/Pigeon Forge and Great Smoky Mountains area annually, and they all have to stay somewhere!
Take advantage of the strong Nightly Rental business, unique to this area, and let our visitors pay for your vacation home . This provides you with a unique opportunity to own a vacation home at a very low, or possibly no cost to you. If you enjoy coming to the area, why not own your own Smoky Mountain getaway?
To purchase a second home in the Smokies, you will need the following:
  • Readily available funds equal to 5% of the purchase price to use as a down payment (20% down will reduce your loan costs).
  • Reasonably good credit.
  • A good source of income.
  • A manageable debt to income ratio.

These are pretty much the same qualifications necessary to purchase any residence.  Loans for second homes are generally made on the same terms as your primary residence. Call or e-mail us for current mortgage rates.  If the requirements above don't present a problem, we strongly encourage you to consider a cabin, chalet, or condo in the Sevier County area.  You will have an excellent vacation home, potentially earn a nice return on your investment, and based on prior performance, probably enjoy 5-10% price appreciation annually.  Of course, prior performance does not necessarily indicate future results, and all properties are different.  Still, if all of this sounds attractive, please take a look at our listings.

 
 
 
 
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What is a Nightly Rental?
For almost as long as the Great Smokies National Park has been in existence, private homes have been utilized to house visitors to the area. Over the years, these "over-night rental" homes have become more comfortable and feature filled, with homes today ranging anywhere from simple cabins that can occasionally still be found for under $100,000 to massive mountain chalets priced at up to a million dollars. Many homes here are booked more than 200 nights yearly, and while the rate varies with the seasons, rates range from around $89 nightly up to $400 per day. For an overnight rental property to be a good investment, it should be priced at no more than 6 times what the home produced in total gross rentals during the prior year. As an example, a home that earned $25,000 in gross rentals would support a price of no more than $175,000. After all expenses, an owner should expect to receive about 50% of what the house grossed, with these funds being available to pay the mortgage, or if there is no mortgage, as a return on your investment. Additionally, homes in the area have appreciated at an annual rate of about 6% on average, and an owner can receive tax benefits from the ownership of rental property as well. Of course, having your own home to come to anytime you want to getaway to the mountains is an excellent additional benefit that is harder to measure.