We all know that first-time homebuyers are facing an unprecedented seller’s market. When NBC Nightly News reached out about what our clients and their real estate agents were up against, we knew sharing a personal experience was the best way to illustrate the realities of the current real estate market.
From renter to homebuyer
Meet Kyle, after renting for years, he decided to invest in himself by becoming a homeowner. Kyle lives in Georgia, one of four states where we currently operate (we plan to expand into as many as 20 new markets in 2022). He was in a popular price range, and saw a lot of homes listed “as-is,” but Kyle didn’t want a fixer-upper. And as the end of his lease approached, he had to time his purchase perfectly in order to avoid paying rent and a mortgage at the same time.
Cash is king
Kyle began his home search in January 2021 and by September he had made — and lost — nine offers. But he didn’t want to give up. “I’m an optimist,” he explains. “It drives my girlfriend crazy.” Luckily, Kyle had a great relationship with his Realtor, Jezell Griffin. “I was up against a steep learning curve and she was very patient,” he says. “I learned a few things from her, like: cash is king.”
Homeward Cash Offer FTW
When his agent first suggested he become a cash buyer with Homeward, Kyle was skeptical — he thought it sounded too good to be true. “I was reading over those contracts thoroughly,” he remembers. But he was impressed and intrigued. And the next time his agent found a home that fit Kyle’s criteria, he made a Homeward Cash Offer — and won.
By November, Kyle was getting settled in his new home. Since then, he has renovated the master bedroom and bathroom and, like a lot of new homeowners, is patiently waiting on furniture caught up in supply chain kinks. “I’m loving it. And I want to give a special shoutout to my Realtor, Homeward Advisor, and Homeward Mortgage Loan Officer,” he says. “It means the world to me to be able to continue the legacy of home ownership in my family.”
If you're a homebuyer interested in learning more about becoming a cash buyer, schedule an appointment with a Homeward Advisor here.
If you're an agent interested in turning contingent clients into cash buyers, schedule an appointment with a Homeward Advisor here.