3 ms·
sure, and that would be great, but unfortunately it's more likely this is going to be sold to Invitation Homes Inc or a similar company that will just turn them
by ishjoh 5y ago
sure, and that would be great, but unfortunately it's more likely this is going to be sold to Invitation Homes Inc or a similar company that will just turn them into rentals and they'll never enter the housing market for sale.
Invitation Homes was created after the last crash and currently owns ~80k [1] homes, so an additional 7k would represent ~10% more, and if the discount is right from Zillow they will do it. I'm speculating but I bet that's why Zillow is trying to do this in a bigger deal, they don't want to crash the housing market by actually selling these houses to individuals.
[1] - https://en.wikipedia.org/wiki/Invitation_Homes https://en.wikipedia.org/wiki/Invitation_Homes