First time buyers – you may be ready

Recent survey indicates that the general public may be over-estimating the amount needed for a down payment.  You can purchase for as little as 3% down.  In addition, some cities will offer down payment assistance and rural housing may require $0 downpayment.

So if purchasing a home for $200,000 – 3% would be $6,000.  There are closing costs for a purchase in addition which either the buyer can be prepared to cover or negotiate with the seller in the offer for this if cash is a barrier.  If selling, know that buyers may ask for help with closing costs.

Happy House Hunting 2016!



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