Honnestly, it calls for a sequel !

This feels like its begging for a sequel to put the journey into it. I'd love to read it since it would be noticeably different due to Bilbo and Thorin's relationship and the fact that Bilbo is a wizard like Gandalf. I'd imagine the fact that Bilbo is a wizard would complicate their relationship a bit. Hmm. The times that they're dealing with elves might be peaceful with Bilbo being there.
Though I'm imagining that Elrond and Radagast's reactions to seeing Bilbo would be along the lines of 'oh! You're out of the shire. I haven't seen you in so many centuries.'

I really liked this, so sweet! I'd love to read a sequel about the journey and the reclaiming of Erebor, with an happy ending (: hope you write it! Thank you for sharing!