Ours is a little different, it's a San Diego company owned by one of my former clients. As soon as I learned who owned the company I jumped at using them as he's a very good honest guy I spent a lot of time in his home doing home loan signings for him. They buy nicer houses, renovate or restyle them then sell them. They will spend a month turning it into a showplace inside and renewing the landscaping, the exterior already good to go.They are companies that buy houses for various reasons. It could be a relocation service which will turn around and sell the house. It could be a local "flip" company. Neither of these are likely to pay over price, so I'm guessing an "investing company" or "ibuyer" like blackrock, zillow, opendoor etc. bought it. These companies typically a) sell immediately or b) hold it long term as a rental income asset. They run off of data and faulty models and are known to pay over price, which is why zillow is likely collapsing now.