How do renters become home buyers?

The shortest path for a renter to become a homebuyer is by working with a capable real estate sales professional.

Millennials represent the largest group of current homebuyers (40%), and are also roughly 65% of the rental population. Three out of eight Millennials believe they’ll rent for life, the majority of those remaining plan to buy a home in the next 36 months.

And while rentals today are more affluent than ever, many, if not most Millennials don’t know if they’re qualified to buy a home. Real estate professionals servicing these renters can provide the counsel and local expertise needed to help them enter the home resale market and purchase a home, and forge a long and fruitful relationship in the process.The data proves this out—88% of renters working with real estate agents say they’ll re-use or refer their agents.Want to learn more?

Check our our Renter-To-Buyer Articles