First time buyer vs. mom and pop investors – first-time home buyers will continuously be outbid by investors. Reason being, deep-pocketed investors are focusing on the most affordable segments of the market: smaller homes in both suburban and urban areas. Investors offer sellers more cash for their home without having to rely heavily on securing mortgage loans, which makes it difficult for first-time buyers to compete.
If you know of any one looking to buy or sell, give me a call.