Some Townhomes Owned By Investors Are Being Offered For Sale. Will They Be Purchased By Owner Occupants Or Other Investors?


Some Townhomes Owned By Investors Are Being Offered For Sale. Will They Be Purchased By Owner Occupants Or Other Investors?
By Scott Rogers • January 25, 2024
Lots and lots of townhouses in and near Harrisonburg are owned by investors. I know, that's a very exact and precise figure. ;-) Anecdotally, I've seen some of those townhouses hitting the market for sale over the past two months. Not an overwhelming number... more than five but fewer than ten. My curiosity is in whether these investor owned townhouses will remain investor owned -- if another investor will buy them -- or if an owner occupant will purchase them. I work with plenty of investor clients, and so in some sense I'm rooting for them, if any of them want to buy another investment property. But... I think I'm rooting for the would-be owner occupants just a smidge more than the investors. Buying a home, moving in, investing in that home and in a neighborhood, having a sense of stability and permanence are all things that help build the Harrisonburg community that we know and love. If or as folks decide that they would like Harrisonburg to be their home for the long term, I'd be delighted for them to be able to buy a home and not just have to rent a home -- IF their financial situation points to that being a wise and sustainable decision. Anyhoo... only time will tell whether these (few) recent investor owned townhouses will be purchased by other investors or by owner occupants... but I'm a big fan of homeownership, so here's hoping that at least some of them will be purchased by those who plan to live in them and make Harrisonburg their home for years to come. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
Comments (0) or Subscribe