Buying Your Smoky Mountain Cabin
Financing Your Gatlinburg Cabin
Loans under $648,200 follow more traditional guidelines. Loans over that are jumbo loans. Most Gatlinburg cabins three bedrooms or larger are over $648,200. Below are several articles about financing vacation properties. To get the best rates and terms you will need a credit score over 700. There are national lenders who do vacation property loans however I have found local lenders offer products that are better suited for my clients. The link below are articles about financing vacation in general.
The Mortgage Experts
Buying the right cabin for sale in Gatlinburg can be stressful. But financing it whether it's cabin for sale Smoky Mountains, cabin sale Pigeon Forge or a Log cabin for sale in Gatlinburg can be frustrating. Some lenders simply don't understand the concept of the cabin for sale Gatlinburg. I have listed below three lenders. Any of these will help make your buying a Gatlinburg cabin for sale or a house for sale in Pigeon Forge simpler. The link takes you to the down payment table; Financing Your Smoky Mountain Cabin
The links below are for three local lenders.
Bank of England Mortgage Debbie Scaratino Manager
Loans up to $1,500,000
(865) 429 - 2797
Bank of England Jumbo
Bay Equity Elizabeth Gibson
Loans up to $2,500,000
(423) 312 - 6471
Bay Equity Loans
Debbie Love - Guaranteed Rate
Available Weekends and Evenings
Loans up to $3,500,000
Several different programs with FICO scores
as low as 640
(865) 599 7679
Closing on Your Smoky Mountain Cabin Purchase
There are many different title companies in the Great Smoky Mountain Mountains. We have had closing with almost every one. When you buy your Smoky Mountains cabin for sale you as the buyer typically pick the title company. Our suggested two based on price, level of communication, timeliness, research of of complex title issues and treating buyers and sellers fairly are Professional Title and Heritage title. Both offer in person and remote closing. Clink on the link to go to their respective websites.
(865) 366 - 5263
(865) 453 -9550
This link will take you the page on Heritage Title that discusses the closing steps of your cabin for sale in TN Closing Steps
This link to Heritage Title will help you estimate the closing costs if you use them.
They can help you close any type of Smoky Mountain real estate. Closing Costs
Managing Your Gatlinburg Cabin
One of the most important decisions to make is how to manage your Gatlinburg Rental Cabin. You can either do it your self via the airbnb method or use a Gatlinburg Cabin Co. With airbnb and vrbo as well as other virtual rental companies you will end up with lower management fees but you can also end up with lower gross income as well less. Yo can get a software program ans use several of the virtual sites. With the DIY method you are responsible for all repairs and cleaning. With a Gatlinburg Cabin Management they handle virtually everything. Typical splits with a cabin company are 80/20 and some times you can get an 85/15 split however be careful some will only offer you 60/40.
If you determine you want to go with the DIY method a very helpful tool is rented.com Rented.com is a pricing revenue maximizing tool for your log cabin for sale in Tennessee. It is very helpful is maximizing your Smoky Mountain Log cabin.
The Washington Post
Which is better vrbo or airbnb?
Two of the larger, better know and well respected cabin companies are Venture Resorts and Cabins USA. They will take care of the guests, the cabin and the owner. Below are the links to each one.
Insuring Your Gatlinburg Cabin
No one enjoys buying insurance. You buy insurance for your Gatlinburg cabin to protect against damage, theft and liability. Hopefully, you never need to collect. The policies are similar to some home owner policies but more expensive. Below are several links to articles about vacation rental and second home insurance. I suggest you shop for coverage rates and terms. Most people buy coverage with $1,000,00 liability at a minimum however I suggest you discuss this with an insurance agent.
Link to Farmers i
Three of the local firms that offer Gatlinburg cabin insurance are Barnes Insurance, Birchfiel Overby and Associates and Comparion Insurance Agency. They will insure log cabins in Gatlinburg, Pigeon Forge or Sevierville as well as homes in each area. All have written thousands of Gatlinburg, Pigeon Forge cabin insurance policies. I have links and telephone numbers for each. Comparion Insurance Agency is owned by Liberty Mutual.
They quote using many firms and also give a huge discount through the National Association of Realtors. Bradon Pierce will help you get full coverage on homes for sale Sevierville tn
Comparion Insurance Agency (423) 213 9482
This is a video Brandon and I did about cabin insurance. Getting Proper Insurance
Barnes Insurance (865) 908 - 5000
Birchfiel Overby and Associates (865) 453 - 4675