Fall is the best time to buy a house. Sellers are more inclined to be more motivated to sell in the Fall. The peak seasons Spring and Summer have passed. With that being said, they
62 Percent Of Buyers Are Wrong About Down Payment Needs
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):
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Original post by KCM on Oct. 7, 2019
I was born and raised in Missouri. Raised 4 wonderful children along with about 50 other kids in the show me state. My passion has always been to serve others and have fun doing it. Which is why....
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62% of Buyers Are Wrong About Down Payment Needs 1.5KSHARES 1.2K 75 28 122 According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many-