Good Morning Friends! It's Friday!
I have just been thinking a little bit about renters. I am geeking out on real estate facts here. So, I just wanted to share with you a little bit of what I have been thinking about and why renters have the advantage in buying a house over current home owners.
There are a couple reasons for this:
1. Renters are free to act. They see a home come on the market, they are pre qualified. They can get that house, the can put an offer in. Usually in a multiple offer situation, a seller is going to choose a buyer that doesn't have complications. A renter that dosent' have to sell a home first is pretty appealing, especially if that home owner is wanting to buy a house as well. They don't want to be contigent upon a contigency. So renters look much more apeealing in that situation.