How to Convert Renters to Buyers in this Market

Convert Renters to BuyersI was talking to a Northern Virginia Real Estate agent the other day and she said “you know what would be a good blog on your site?  How to convert renters to buyers in this market.” Well, ask and ye shall receive.  So lets talk about it.  Its no secret that there are 2 things happening in this area of the country.  #1…home prices are increasing along with a lack of inventory and #2…there are a TON of people moving to this area for jobs, and will continue to do so.  Many people who move here are either not sure of their status in terms of staying, or are shocked as to the housing prices compared to where they came from.  The Washington DC area is currently the 3rd most expensive area in the country behind San Francisco and New York City.  Having said that, the same goes for rents!  They are high priced as well.  So how do you convert renters to buyers with that mentality?