A Client told me the other day they wanted to purchase a home. When I asked how much do you have saved for your down payment they said nothing. "I can't save money when I have bills to pay" So how do you plan to purchase? Why can't the Seller pay for it! I was so confused. Where are Buyers getting this information? This had me thinking of what Buyers can do to save money.

1. Gift money from parents. Often your parents have savings and are willing to gift you the money to become a homeowner.

2. Eat out once a week and take your lunch to work. This includes drinking $5.00 a day coffee and having cocktails out with friends weekly.

3. Borrow from your 401k.

4. Get a part time job and use all the money for the down payment.

5. Rent a cheaper place or move in with a family member.

It may take a year to 18 months but you will be well on your way to homeownership.

Warm Regards,


Dawn Richardson

Keller Williams Realty Sonoran Living

480.255.8149

 
Posted by Dawn Richardson on 08/31/2010 11:17 AM   Comments (2)   Homeownership in the ActiveRain Channel  
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Dawn Richardson

Ahwatukee, AZ

More about me…

Keller Williams Realty Sonoran Living

Address: 4610 E. Chandler Blvd., Suite 160, Phoenix, AZ, 85048

Office Phone: 480

Cell Phone: (480) 274-0021

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