realtor: Outrageous Down Payments!
- 11/28/23 09:47 AM
When buying a house one of the few things that tend to detour buyers is the down payments and requirements with them. Is 20 %what is required to purchase your first/next home? First we need to know what a down payment is : A down payment is an initial, upfront portion of the total cost of a property that a buyer pays when purchasing a home. It is usually expressed as a percentage of the purchase price. Significance: Equity Building: The down payment contributes to the buyer's equity in the property right from the start. Equity refers to the portion of the property's value that … (2 comments)
realtor: Should I Wait?
- 11/15/23 01:15 PM
We have all heard I'm waiting til rates fall in the current market. What is that truly costing you? What is that saving you? What opportunities are being lost or gained by waiting? Today's first time home buyer rates in Iowa are at an impressive 6.875% - 8.125% pending qualifications. This is a much greater rate than what the country has seen over the past 5-6 years; however, this is hovering around the market average over the past 50 years. Interest rates a critical aspect when it comes to buying power and what a person can afford monthly in a property. The purpose … (2 comments)
realtor: Pop goes the....
- 05/03/22 01:00 PM
Are you watching the Real Estate Market? Does it feel a lot like '08? Are we in for another "Crash"? Every market is different than the next. A lot of factors play into any of the assumptions that would indicate a type of "bubble" if you will. Rates are rising, home prices are at all time highs, and buyers are getting fatigued just trying to get something under contract. The difference between this market and '08 is the SUPPLY. Since the crash of '08 new construction has lagged behind drastically for growth options within the inventory. At the peek of the hottest market … (0 comments)
When buying a house one of the few things that tend to detour buyers is the down payments and requirements with them. Is 20 %what is required to purchase your first/next home?
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