Real estate appraisal - Blog

A PVC farm is an unfinished subdivision of unsold lots abandoned by a development where PVC sewer pipes are protruding from the ground.

As I travel around Atlanta and the surrounding areas I sometimes wonder how the real estate market will pan out. We have a great deal of real estate on the market and now acres of PVC farms.

Many of these massive subdivisions have one or two homes where some unsuspecting out of town buy has purchased. As I appraise some of these homes I notice that the value is rarely near what they paid and most get foreclosed on.

Will these PVC farms ever go from growing PVC to construction growth? What Are your thoughts?