.

Institutional Investor Buying Big in Atlanta

Another good sign for the Atlanta Market - a Wall Street investment group has come to town and is buying as many homes as they can.

A large "Wall Street Investment Group" has decided Atlanta is one of the top four markets to invest in

Their goal is to buy more than 100 homes per month over the next 18 months. They are using a buy and hold strategy so they are making any repairs needed to the homes and then renting them out. The plan is to hold them for 5 to 7 years to take advantage of market appreciation. Their price point is $50,000 - $175,000.

So what does this mean for Forsyth County? Especially since the majority of homes at this price point are already experiencing multiple offers and being sold quickly. As we discussed on the last post, short sales are now a significant percentage of sales. The biggest obstacle to getting short sales closed is that most buyers get impatient waiting for the sale to be approved and they walk away. These investors are in for the long haul and have no time limit that they have to meet. Therefore, they can wait the 4 to 6 months to get the short sale approved and closed.

From an overall "Atlanta Market" perspective, this group will be helping deplete an already shrinking inventory. This will lead to continue stabilizing of prices and hopefully speed up the increased values of homes.

You might also be interested in reading:

What is a Short Sale?

Home Sales in Forsyth County Beginning to Flip Flop

Forsyth Home Prices Increase for 1st time in 3 Years!

Forsyth County Back to a Seller's Market!

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »