Amherst Holdings, a large-scale single family landlord, has rolled out a subsidiary to buy and renovate houses for resale.
Taking advantage of a tight housing market, Patrick Clark writes, a wide field of companies is trying to make a profit by simplifying the home buying process. One of them, Amherst Holdings LLC, has launched a service called Bungalo Homes, "packaging a series of features it says can improve the experience of buying a home. The company is offering no-haggle pricing, listing homes for sale on its website and promising to sell to the first pre-approved buyer to meet its price."
It's also offering warranties, mortgages, and features to help buyer manage all the moving pieces. Bungalo's business model is essentially home flipping: it acquires and fixes up properties and resells them, betting that its platform will attract buyers who must otherwise "to shoot first and ask questions later."
In its main line of business, Amherst Holdings owns or manages around 20,000 single family rentals. Executives cite that expertise as a selling point for Bungalo, which launched this month with 25 renovated homes listed in Dallas and 10 in Tampa, Florida.
FULL STORY: Big Single-Family Landlord Bets $1 Billion on the Home-Flipping Business
Million-Dollar Homes Becoming Standard Fare Across Los Angeles
As households with means seek to escape crowded apartment buildings and take advantage of historically low mortgage rates, average home prices of over $1 million are proliferating across the LA region.
U.S. Home Sales to Foreign Buyers Drop by Almost 10 Percent
International purchases of homes on the U.S. housing market slowed in the last year.
Where Housing Costs Are Falling Fastest
Although median home prices remain close to record highs in many cities, some of the country’s priciest metro areas are seeing home prices plummet.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
World's Largest Wildlife Overpass In the Works in Los Angeles County
Caltrans will soon close half of the 101 Freeway in order to continue construction of the Wallis Annenberg Wildlife Crossing near Agoura Hills in Los Angeles County.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
California Grid Runs on 100% Renewable Energy for Over 9 Hours
The state’s energy grid was entirely powered by clean energy for some portion of the day on 37 out of the last 45 days.
New Forecasting Tool Aims to Reduce Heat-Related Deaths
Two federal agencies launched a new, easy-to-use, color-coded heat warning system that combines meteorological and medical risk factors.
AI Traffic Management Comes to Dallas-Fort Worth
Several Texas cities are using an AI-powered platform called NoTraffic to help manage traffic signals to increase safety and improve traffic flow.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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