What's my home worth?
62% of Buyers Are Wrong About Down Payment Needs
October 07, 2019
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:
“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”
When potential homebuyers think they need a 20% down payment to enter the market, they also tend to think they’ll have to wait several years (in some markets) to come up with the necessary funds to buy their dream homes. The report continues to say,
“The truth: 32% of current U.S. homeowners put 5% or less down on their home, according to census data.” (as shown below):
Don’t let a lack of understanding keep you and your family out of the housing market. Meet with a local real estate professional who can show you your options today.
Make the Dream of Homeownership a Reality in 2020
January 20, 2020
Buying a Home Early Can Significantly Increase Future Wealth
January 13, 2020
3 Benefits to Buying Your Dream Home This Year
January 06, 2020
Why You Shouldn’t “For Sale By Owner”
December 30, 2019