The biggest myth we see with homebuyers: You need 20% down payment to purchase a home. A recent survey by the NAR (National Association of Realtors) showed that 44% of people who purchased a home in 2022 put less than 20% down.
For years, the idea of having to save up 20% of a home's purchase price for a down payment has been ingrained in many people's minds. However, this is no longer the case. While a 20% down payment may have been the norm in the past, there are now many options available for homebuyers to purchase a home with a much smaller down payment.
In fact, some programs allow for as little as 3% down payment for a conventional loan, and there are also
5 Things Your Realtor Wants You to Know if You are Searching for a Home.
For the past three years the inventory levels in the Cedar Valley have not been able to support the demands of buyers. Our team meetings have been focused on how to support our buyers in this time where there is a feeling of losing. From these conversations, we decided to make a post to help all the buyers in the Cedar Valley. Here is what your Realtor wants you to know if you are searching for a home.
We See That You are Tired - Some buyers have been looking for a week, a month or even a year. We see that you are tired of looking at house after house with disappointment, but as your Realtor® we will not stop working until we find the perfect house for you.