Murphy, NC has been a hub for second homes for several years. In the Forbes Magazine back in the real estate “boom” Murphy was named by EscapeHomes.com as #6 in the United States top 10 of best developing markets for a second home. Our economy was thriving on this and when the market turned, so did our local economy. Over the past couple years many people have taken a big hit in their homes. Homes don’t sell for what they did back in 2005! Some of the families that purchased second homes need to sell now but what their home was worth then isnt worth that today and sadly many of those have gone into foreclosure and some are doing short sales. However, it is good for the rental business. Alot of these homes are rentals and even though people may not be willing to make the purchase right now, they do still vacation and come to the Murphy area for week long stays or quick weekend getaways. With Murphy being 2 hours from 3 major cities – we make a great vacation spot! The second homes that have been turned into rental properties are allowing potential buyers to stay in a mountain cabin to get a taste of what it may be like to own their own mountain property. We have over 35 rental cabins now and all in great areas of Murphy, Andrews, Hayesville, Nantahala and Robbinsville. Give us a call or email today and reserve your stay in a beautiful mountain cabin – get a taste of the mountains in Murphy!
Foreclosures and Short Sales Meet Cabin Rentals in Murphy NC