Unfortunately, there are many things that can bring down property value. It helps to categorize these items into as follows: 

 

1. Property-centric
2. Market-centric

 

## Property-centric home value destroyers

 

Property-centric items that bring down your home's value are much more in your control than market-centric items, so it's important to make sure you are alert and maintain your property proactively before small issues become big, expensive problems.

 

## Roof leaks, water intrusion, foundation issues

 

Roof leaks that go unaddressed can cause major property damage (water damage, mold growth) that can quickly destroy the value of your home. Foundation issues that result in water intrusion or structural instability can be very costly and hazardous. Other items that result in water intrusion and biological growth (mold) include separated siding, unsealed entryways and windows.

## Pest infestation

 

Termite damage bed bugs can require substantial and expensive remediation. Rodent infestation can cause structural damage due to chewing through hard to access places. Rodents can also cause electrical wiring damage. 

 

Thus, [mice removal](https://www.peststrategies.com/pest-guides/rat-and-mouse-guides/mice-removal/) is essential to protecting your home.

 

It's important to be proactive to address pest concerns. If you are managing a rental property, remind your tenants every month that they are required to communicate and maintenance and pest related concerns proactively.

 

## Tenants with poor hygiene

 

As you might imagine, poor hygiene can cause pest infestation, foul odors and other issues that can bring down the value of your property.

 

## Tenants who damage or neglect the property

 

If you lease your house to people who break things or don't report maintenance issues, you can expect costly repairs that you may be left on the hook for.

 

## Delinquent tenants

 

It may be costly and time consuming to evict delinquent tenants. These are commonly the same people who damage or neglect the property. That's why it is so important to thoroughly screen prospective tenants.

 

The list goes on, and the message should be clear: *an ounce of prevention is worth a pound of cure.*

 

## Market-centric home value destroyers

 

Market-centric factors can be much harder to control for and avoid.

 

## Economic downturn

 

Whether local to your community or city, or nationwide (i.e. 2008 financial crisis), economies can experience short term shocks and longer-term structural issues which will be discussed below. When this happens, the price people are able and willing to pay for your house may be less than in the recent past.

## Rising interest rates

 

When interest rates increase, the interest payments for new mortgages goes up. Buyers can't afford the same purchase price range as when interest rates and their associated monthly payments are lower. As a general rule of thumb, rising interest rates will cause home prices to decline.

 

## Population decline

 

Related to the concept of economic downturn, when a local market experiences a declining population, it means there will likely be an imbalance of the supply of houses relative to the demand for houses. Housing demand and home prices may further decline, as many buyers become hesitant to purchase houses in markets where the proverbial bottom is unknown.

 

## High property taxes

 

High taxes can lead businesses and residents to relocate elsewhere, resulting in lower demand for housing inventory.

 

## High crime rate

 

Crime is directly correlated with property values. When crime goes up, people put their houses up for sale, high supply and low demand means property values go down.

 

## Poor governance

 

Corruption and unreliable city services can make would-be homebuyers look elsewhere. Lower demand for your house means a lower price.

 

## Low quality public schools

 

Many parents and guardians of children approaching or in the K-12 age range are sensitive to the quality of public schools. If your home is in a school district that is experiencing a decline in rankings, there will be lower demand for your home -- lower demand means lower property value.

 

As with property-centric home value destroyers, the list of market-centric home value destroyers continues on and is closely inter-connected. 

 

Before buying a house, understand the property and market-based factors that can bring down property value and do your research!

There are many things that bring down property value. These things fall into two categories: property-based and area-based. There's more to learn at OfferMarket. 

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What brings down property value? - OfferMarket FAQs

What brings down property value?

Looking for a DSCR loan for your Georgia rental property? We're so glad to have you here! We know you may be in a hurry, but please take a moment to **[get an instant quote](https://www.offermarket.us/loans)**, and leverage our insights and resources to help ensure your next DSCR loan is a success:

 

- [DSCR Loan Interest Rates Index](https://www.offermarket.us/blog/dscr-loan-interest-rates)
- [DSCR Calculator](https://www.offermarket.us/tools/dscr-calculator)
- [Off market listings](https://www.offermarket.us/listings)

 

Georgia is fundamentally positioned as a compelling market for long term home price and rent appreciation. We're fortunate to serve a growing number of wonderful clients in the state and we sure hope to have the opportunity to help you on your real estate investing journey!

 

Here are frequently asked questions from our Georgia clients:

 

## What is a DSCR loan?

 

DSCR stands for *debt service coverage ratio*, and it is a simple metric to determine if an investment property generates more or less income than the monthly mortgage payment. A DSCR loan is simply a mortgage specifically for a rental property where the maximum loan amount is determined by the DSCR of the property. As your loan amount increases, your monthly mortgage payment increases, and your DSCR decreases. 1.1 is currently the minimum DSCR to qualify for a given loan amount. Use our [DSCR Calculator](https://www.offermarket.us/tools/dscr-calculator) to help you run your numbers, understand DSCR, max loan amount, monthly cash flow, cash to close and cash out for your next deal.

 

## Can I cash out refi with no seasoning?

 

Yes! OfferMarket is one of the only private lenders with a [cash out refi no seasoning](https://www.offermarket.us/blog/cash-out-refi-no-seasoning) program. Instead of waiting for 6 months to refinance your rental property, you can refi as soon as your renovation is completed and the property is leased. Why should you have to wait to pull cash out of a property and reinvest it into growing your business?

 

## Do I qualify for a DSCR loan?

 

**Borrowing Entity:** Because our loans are business purpose, we only fund loans to business entities. If title is currently held in your personal name, you would need to transfer it into an LLC or corporation before we can fund.

 

**Credit Score:** the minimum credit score is 660. If you have more than one borrower in your borrowing entity, the ownership of each member will determine which credit score we use. If you do not want to use one of the member's credit score, they will need to own less than 50% of the borrowing entity. We use a [tri merge credit report](https://www.offermarket.us/blog/what-is-a-tri-merge-credit-report), which is a hard credit pull that collects your credit report from Experian, Equifax and Transunion, and we take the middle score. So, if your tri merge report is 721, 697, 738, then we will use 721 to determine your loan terms.

 

**Background Check:** if you have a clean background report, then you're all set. If you have one or more bankruptcy, felony or misdemeanor on your background report, then we will need you to provide a letter of explanation to determine if you are eligible for funding.

 

**Non-Rural:** if your property is [designated as rural](https://www.offermarket.us/blog/rural-designation-search-tools) or the appraiser indicates that your property is rural on their appraisal report, then we may not be able to fund your loan. DSCR loans are meant for properties in highly liquid markets where you can quickly sell the property for market price if need be.

 

**Minimum As Is Value:** currently, we require your property to appraise for at least $100,000, and we require your loan amount to be at least $75,000.

 

## What is the maximum DSCR loan amount?

 

**Purchase:** we can fund up to 80% of the purchase price as long as the property does not appraise for below the purchase price, and the appraisal market rent supports that loan amount.

 

**Rate and term refinance:** if you have an existing loan on the property, we can refinance up to 80% LTV as long as you do not receive more than 2% of the loan amount as a cash out at settlement.

 

**Cash out refinance:** we can fund up to 75% LTV.

 

If you're looking for more higher leverage than the above terms (i.e. higher LTV, lower down payment), we urge you to use caution because legitimate DSCR lenders will rarely offer more leverage than what is offered by OfferMarket.

 

## How long does it take to get a DSCR loan?

 

Our target for every DSCR loan is to fund in **20 to 25 days**. Here are the most common reasons why funding can be delayed:

 

**Appraisal delay:** 3rd party appraisers provide a report due date but may miss that deadline. The appraiser's report may need to be revised and the appraiser may be delayed in providing their revised report.

 

**Title work delay:** title companies and closing attorneys may take more time to complete the title work, especially if they are waiting on a lien certificate from a the county or title is clouded.

 

**Borrower delay:** in your OfferMarket Loan File, we provide you with a checklist of items that we need in order for your file to be ready for final review and loan approval. Our processing team will follow up to remind you when there are items that we need you to take care of, and if you do not take action on these items in a timely manner, then your loan will be delayed.

 

## Best cities to buy rental properties in Georgia

 

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
<tr>
<th>City</th>
<th>Population</th>
<th>County</th>
<th>Population Growth Rate</th>
<th>Median Household Income</th>
<th>Median Home Price</th>
<th>Market Rent</th>
</tr>
</thead>
<tbody>
<tr>
<td>Atlanta</td>
<td>492,204</td>
<td>Fulton</td>
<td>2.3%</td>
<td>$84,000</td>
<td>$400,000</td>
<td>$2,000</td>
</tr>
<tr>
<td>Columbus</td>
<td>205,772</td>
<td>Muscogee</td>
<td>1.7%</td>
<td>$67,000</td>
<td>$250,000</td>
<td>$1,600</td>
</tr>
<tr>
<td>Augusta</td>
<td>203,610</td>
<td>Richmond</td>
<td>1.3%</td>
<td>$66,000</td>
<td$250,000</td>
<td>$1,600</td>
</tr>
<tr>
<td>Savannah</td>
<td>147,780</td>
<td>Chatham</td>
<td>2.1%</td>
<td>$72,000</td>
<td>$300,000</td>
<td>$1,800</td>
</tr>
<tr>
<td>Sandy Springs</td>
<td>105,330</td>
<td>DeKalb</td>
<td>3.1%</td>
<td>$100,000</td>
<td>$500,000</td>
<td>$2,500</td>
</tr>
<tr>
<td>South Fulton</td>
<td>91,890</td>
<td>Fulton</td>
<td>10.8%</td>
<td>$55,000</td>
<td>$200,000</td>
<td>$1,400</td>
</tr>
<tr>
<td>Lawrenceville</td>
<td>80,158</td>
<td>Gwinnett</td>
<td>3.7%</td>
<td>$105,000</td>
<td>$550,000</td>
<td>$2,700</td>
</tr>
<tr>
<td>Warner Robins</td>
<td>79,600</td>
<td>Houston</td>
<td>2.9%</td>
<td>$60,000</td>
<td>$225,000</td>
<td>$1,500</td>
</tr>
<tr>
<td>Albany</td>
<td>76,354</td>
<td>Dougherty</td>
<td>1.2%</td>
<td>$50,000</td>
<td>$175,000</td>
<td>$1,200</td>
</tr>
<tr>
<td>Covington</td>
<td>62,075</td>
<td>Newton</td>
<td>2.6%</td>
<td>$90,000</td>
<td>$450,000</td>
<td>$2,300</td>
</tr>
<tr>
<td>Cumming</td>
<td>53,000</td>
<td>Forsyth</td>
<td>5.2%</td>
<td>$125,000</td>
<td>$400,000</td>
<td>$1,500</td>
</tr>
<tr>
<td>Newnan</td>
<td>35,000</td>
<td>Coweta</td>
<td>5.0%</td>
<td>$85,000</td>
<td>$300,000</td>
<td>$1,000</td>
</tr>
 <tr>
<td>Suwanee</td>
<td>30,000</td>
<td>Forsyth</td>
<td>4.9%</td>
<td>$110,000</td>
<td>$375,000</td>
<td>$1,300</td>
</tr>
<tr>
<td>Hoschton</td>
<td>25,000</td>
<td> Jackson County</td>
<td>4.8%</td>
<td>$75,000</td>
<td>$250,000</td>
<td>$800</td>
</tr>
<tr>
<td>Norcross</td>
<td>15,778</td>
<td>Gwinnett</td>
<td>2.3%</td>
<td>$103,000</td>
<td>$350,000</td>
<td>$1,500</td>
</tbody>
</table>
</div>

 

## DSCR Loan Atlanta

 

Atlanta is widely considered a prime market for real estate investors focused on asset appreciation and rent appreciation. Given the rapid rise in home values in the greater Atlanta market, it's not uncommon to see market rent lag. In a high interest rate environment, this can result in low DSCR which may cause a slight reduction in max loan-to-value (LTV).

 

## How do I get started with a DSCR Loan?

 

⚡ **[Get your instant DSCR loan quote](https://www.offermarket.us/loans)** -- takes less than a minute, be sure to submit so we can confirm the best possible terms (our instant quote is conservative and we commonly can actually provide a lower rate and higher loan amount)

 

📄 **Download your pre-approval letter** right in your [OfferMarket Loan File](https://www.offermarket.us/my/loans)

 

📄 **Upload your purchase agreement or lease** into your Loan File

 

🧑‍💻 **Schedule your relationship manager call** from your Loan File -- speak with your dedicated relationship manager who will address your questions and concerns and make sure we are a good fit to be your lender.

DSCR Loan Georgia, everything you need to get the best possible terms on your next rental property purchase or refinance in the peach state.

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DSCR Loan Georgia

Essex, MD is a waterside community in Baltimore County. Learn more about Essex, MD real estate. 

Essex, MD 21221 - Real Estate Market Overview - OfferMarket

Essex, MD

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

Your last single family or multi-family purchase:

Surprisingly high percentage of off-market transactions

## Your last single family or multi-family purchase:

 

We surveyed 50 real estate investors to find out where they sourced their last deal. Here are the results:

 

- [MLS](https://offermarket.us/real-estate-glossary/multiple-listing-service): 30 (60%)
- Off-market: 20 (40%)

 

## Surprisingly high percentage of off-market transactions

 

When surveying real estate investors, we expected to see in the range of 15% - 25% of purchases off-market. We were not expecting it to be a 60/40 split. Real estate investors are more disciplined in "running the numbers" and the numbers off-market are currently more attractive as we will discuss in more detail below. What's more, real estate investors tend to be more inclined to purchase fixer uppers and take on complete gut rehabs -- these types of deals are more commonly off-market.

 

While this is only speculation at this point because follow-up interviews have not been conducted, we believe the current environment of record low housing inventory and record low mortgage rates has forced real estate investors and savvy home buyers to look off-market where competition is lower and prices are more attractive. 

 

We also believe an increasing proportion of sellers want to avoid the hassle, health concerns and expensive fees of listing on the [MLS](https://offermarket.us/real-estate-glossary/multiple-listing-service) and multiple showings and open houses. Much of this attitude among sellers has been brought on by pandemic and the fact that families are all at home, working from home with children remote learning.

 

<iframe src="https://docs.google.com/forms/d/e/1FAIpQLSdcZKOB-68WTEf3rkVZmZvk80CdBp7iMkb3d-MvdnYngiGLyg/viewform?embedded=true" width="640" height="450" frameborder="0" marginheight="0" marginwidth="0">Loading…</iframe>

We surveyed 50 real estate investors to find out where they sourced their last deal (MLS or off-market). Here are the results.

*Quote takes 1 minute, no credit pull

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*New listings daily

40% Of Real Estate Investors Surveyed Bought Their Last Property Off-Market

* Takes 2 minutes, no credit pull

Your last single family or multi-family purchase:

Surprisingly high percentage of off-market transactions

* Takes 2 minutes, no credit pull