Rent to Own Homes in Gatlinburg
The city of Gatlinburg is positioned just north of the Great Smoky Mountains National Park on the eastern edge of Tennessee. The city has a thriving tourism industry as visitors come from around the United States to rent cabins and wander through the mountains. There are also many tourist activities in the area, including the 32-story Gatlinburg Space Needle and the Gatlinburg... Read More
The city of Gatlinburg is positioned just north of the Great Smoky Mountains National Park on the eastern edge of Tennessee. The city has a thriving tourism industry as visitors come from around the United States to rent cabins and wander through the mountains. There are also many tourist activities in the area, including the 32-story Gatlinburg Space Needle and the Gatlinburg Mountain Coaster.
Some of the biggest attractions in Gatlinburg are centered around Ripley's Believe It or Not. This includes Ripley's Haunted Adventure, Ripley's Aquarium of the Smokies and the Ripley's Believe It or Not Museum. There's also a Ripley's theater, haunted house, mirror maze and golf course in town. Other attractions include several ziplining courses, the Guinness World Records Museum and outdoor recreation areas like Chimney Top and Mount Le Conte.The below results are primarily rent to own homes in Sevier County, TN:
The city of Gatlinburg is positioned just north of the Great Smoky Mountains National Park on the eastern edge of Tennessee. The city has a thriving tourism industry as visitors come from around the United States to rent cabins and wander through the mountains. There are also many tourist activities in the area, including the 32-story Gatlinburg Space Needle and the Gatlinburg... Read More
The city of Gatlinburg is positioned just north of the Great Smoky Mountains National Park on the eastern edge of Tennessee. The city has a thriving tourism industry as visitors come from around the United States to rent cabins and wander through the mountains. There are also many tourist activities in the area, including the 32-story Gatlinburg Space Needle and the Gatlinburg Mountain Coaster.
Some of the biggest attractions in Gatlinburg are centered around Ripley's Believe It or Not. This includes Ripley's Haunted Adventure, Ripley's Aquarium of the Smokies and the Ripley's Believe It or Not Museum. There's also a Ripley's theater, haunted house, mirror maze and golf course in town. Other attractions include several ziplining courses, the Guinness World Records Museum and outdoor recreation areas like Chimney Top and Mount Le Conte.The below results are primarily rent to own homes in Sevier County, TN:
The Gatlinburg area is tightly connected to Pigeon Forge and Cherokee, North Carolina. Both of these cities are big tourist attractions in their own right, and traffic often flows from one to the other. Cherokee is about 30 miles south through the Great Smoky Mountains, and Pigeon Forge is less than 10 miles to the north. Sevierville is about 14 miles to the north and is known as the birthplace of Dolly Parton. The closest big city is Knoxville, which rests about 35 miles to the northwest.
Buying a Home in Gatlinburg?
A lot of Gatlinburg cabins are purchased as vacation homes, and owners often rent them out during busy tourist seasons. This may limit your housing options if you don't want to live in an area with heavy traffic and constant resident turnover with visitors in and out. The median listing price can spike close to $300,000 at times, but this reflects some large cabins and rental properties as well as the single-family homes. There are some neighborhoods that feature upscale log cabin homes that are mostly occupied by full-time residents, so you might want to ask about the neighborhood before you purchase a home.
Buying vs. Rent to Own Homes?
Rent-to-own homes in Gatlinburg can put you on the path to homeownership without demanding that you secure financing upfront. These properties remain under the ownership of their current owners while you pay a monthly fee just as you would in any other rental. The catch is that you have the option to purchase the property before the end of your contract. If you take action to improve your financial standing during the rental period, you could secure a lower interest rate than you would qualify to receive today.
Gatlinburg is a small town in eastern Tennessee with 4,000 residents, but it's a big town when it comes to tourism. This city is a popular entry point for the Great Smoky Mountains National Park and features a lively list of activities that attract tourists while entertaining the locals. Residents appreciate the reasonable cost of housing and the abundance of log cabins tucked into the woods with picturesque surroundings.
Summary
Gatlinburg is a small town in eastern Tennessee with 4,000 residents, but it's a big town when it comes to tourism. This city is a popular entry point for the Great Smoky Mountains National Park and features a lively list of activities that attract tourists while entertaining the locals. Residents appreciate the reasonable cost of housing and the abundance of log cabins tucked into the woods with picturesque surroundings.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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