Well, they've had them as rentals for a while. Now, they are packaging them for sale to other investors.
Why you ask? Because they are likely tired of being landlords, values have gone up, they can fill their coffers with cash instead of houses.
Ah, to be one of those original investors!
Just really a Real Estate FYI. What does it mean to you? Well, my thought process for a buyer is ultimately more inventory. To a seller, hmmmm, well ultimately more inventory means ultimately more competition.
And, piggy-backing on my post from last week......less likelihood of another housing bubble anytime in the near future.
For any of my thoughts on Real Estate, just give me a jingle!
Lauren Lefkowitz Greber, Realty Executives Valencia
(661) 964-1600 x 3317