It’s corporations cooking up in the market. They all set the prices in the same range and own most of the homes in the metro and surrounding areas. It’s not good.
I don’t disagree with that when speaking on a national basis, but our market wasn’t as attractive as a lot of other markets where investors came in and bought up tons of homes like Memphis, Austin, Vegas, etc. There is also a possibility that large corporate investors such as those you mention will need to start selling the properties or face significant taxation. I’ve seen a few articles, but nothing has come to fruition yet.
@@WhoMovesYou we are dealing with this now. This home we have rented for about 4 years now. Investors are asking over appraisal and market value. Home hasn’t been inspected or worked on by company properly and has a lot of major issues.. We did our own inspection results came back not good. We want to buy the home and fix it up properly and build equity. How can they legally sell a home over asking that they have never been inside? Will they disclose the issues to new buyers? Probably not. The work done on the home is superficial and has fallen apart since we moved in. They are raising prices so high it’s ruining the property values in my opinion. Top dollar for a slum house. Cray.
@@sarahnovamusicatlanta what market/area are you in? I deal with this stuff often because I also represent corporate/institutional investors. Maybe I can help.
@@WhoMovesYouthey have also taken over every city in Georgia IMO and this is how they have control over the market (which should not be legal) . They bought up the last of the affordable single family homes over the past four years and are only going for all cash offers or people willing to wave inspection. no FHA loans. Where doesn’t leave the average American home buyer? I guess stuck renting or forced to buy way over asking and possibly end up in a bad deal.
It’s corporations cooking up in the market. They all set the prices in the same range and own most of the homes in the metro and surrounding areas. It’s not good.
I don’t disagree with that when speaking on a national basis, but our market wasn’t as attractive as a lot of other markets where investors came in and bought up tons of homes like Memphis, Austin, Vegas, etc. There is also a possibility that large corporate investors such as those you mention will need to start selling the properties or face significant taxation. I’ve seen a few articles, but nothing has come to fruition yet.
@@WhoMovesYou we are dealing with this now. This home we have rented for about 4 years now. Investors are asking over appraisal and market value. Home hasn’t been inspected or worked on by company properly and has a lot of major issues.. We did our own inspection results came back not good. We want to buy the home and fix it up properly and build equity.
How can they legally sell a home over asking that they have never been inside? Will they disclose the issues to new buyers? Probably not.
The work done on the home is superficial and has fallen apart since we moved in. They are raising prices so high it’s ruining the property values in my opinion. Top dollar for a slum house. Cray.
@@sarahnovamusicatlanta what market/area are you in? I deal with this stuff often because I also represent corporate/institutional investors. Maybe I can help.
@@WhoMovesYou Atlanta
@@WhoMovesYouthey have also taken over every city in Georgia IMO and this is how they have control over the market (which should not be legal) .
They bought up the last of the affordable single family homes over the past four years and are only going for all cash offers or people willing to wave inspection. no FHA loans. Where doesn’t leave the average American home buyer? I guess stuck renting or forced to buy way over asking and possibly end up in a bad deal.