Real estate markets and bulk buyers. Coweta County Real Estate Report.

Institutional buyers have entered Phoenix the same way. They have made rentals into a commodity.

Richard, 

It's a whole new world with sales in Atlanta.  Multiple offers at all price points even over a million dollars are normal.  Buyers sometimes have to learn the lesson the hard time by losing out on a house or two before they know they have to move quickly when they see a good home - in price, location and amenities.

All the best, Michelle

Richard, it is when you are free & loose the Featured appears on the post!  Wow, interesting about the buyers you are experiencing...excellent to hear about....

We are seeing this too in the northern burbs. There is a lot of Hedge fund money sloshing around out there.

Agents take select areas and make them stand out...What used to be a place for wet cows is now COWETA..good post

When are the individual buyers going to wake up?  We have been telling them and telling them that prices will never be lower, interest rates will never be lower, what else can we do.  The smart ones buy and the bulk buyers (the smart ones) buy and the rest complain.

Richard, we are also seeing homes correctly priced snatched up in days. I am currently working with a buyer who wants to take several days to contemplate a purchase before writing an offer. He has already lost out on three homes. Buyers need to act quickly when the find the right home.

Great news! We have the same that when the price is right, the home is gone within a few days. Hopefully it keeps going in the positve direction!

Richard - when you say "bulk" buyers do you refer to out-of-town investors or just a lot of people who decided to buy at the same time?  Either, it's a great thing to spur the local real estate market.

I'm meeting with a bulk buyer this afternoon to talk about representation.  Yes, there are some savvy buyers and the low-end properties are being gobbled up here too. 

Hoping to see some bulk buyers this year.

Well congratulations! A sell is a sell is a sell no matter who buys! I hope this continues for your county!

Richard:

I keep telling my clients that it is now a sellers market in Alameda.  Prices have increased 11% since June 2011.  We haven't seen bulk buyer, thank heaven.

Great news!  Anything that will drop the amount of inventory to bring prices up is a good thing for many people.

Richard, How quickly a market can change. While some buyers are taking their time thinking it is a buyer's market, the market has gone off and left them.

I didn't know where Coweta County GA was until this post.  I thought you were strictly country/rural GA.  I'm not sure if there's a parallel, but our Silicon Valley market firmed up quickly in 2008 & 09 when investors couldn't resist the REO deals which were priced by lenders at 50% of previous sale prices.  Investors put a floor under our market and prevented additional erosion.  I'm guessing that in 5 years Coweta investors earn big returns.  Are they paying cash or financing purchases?

Richard - We're seeing well-priced houses selling quickly here in Orange County as well.

Hi Richard,

I'm so glad to hear your good news! Glad to see the tide is turning for your area..you deserve it!