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How Much You Need to Save Each Day to Buy a Home in 15 Top Cities

By
Real Estate Broker/Owner with The Celtic Connection Realty BR545869000

For homebuyers—especially first-time ones—what looms larger and scarier than the prospect of pulling together enough cash for a down payment? A late-stage IRS audit, maybe? A bracing swim in gulper eel–infested waters?

All wrong! The answer is nothing. For more and more Americans, the down payment has become the Everest-size mountain they need to climb to reach their dreams of homeownership—or perhaps freeze to death trying. In these days of rising home prices, it seems harder than ever to pull together that mammoth mound of moolah needed to get yourself into a new place. It can lead to desperation. Will you need to resign yourself to a lifetime of living with your parents, renting cramped apartments, or settling for the boondocks of Alaska (where you might be able to afford your own cabin minus running water)?

Actually, there is something else you can do: Whip out a calculator and start budgeting. That big lump sum you’re stressing over is a lot less intimidating when you break it down into daily payments.

Source: RIS Media article

Ed and Celia Maddox

 

Ed and Celia Maddox

The Celtic Connection Team

Solutions Real Estate

Edward Maddox, Associate Broker, MRE, GRI, ABR

The Celtic Connection Realty Team - We Take the High Road

Solutions Real Estate - Multi-Million Dollar Producers 2004-2014
Direct: 480-987-9322 Cell: 480-612-7968
 Fax: 800-410-9607

To search for homes go to our web sites:

http://www.QueenCreekRealEstateSolution.com (and San Tan Valley)

http://www.JohnsonRanchRealEstateExpert.com

http://www.FlorenceRealEstateExpert.com

http://www.MerrillRanchRealEstateExpert.com

http://www.MaricopaRealEstateExpert.com

Contact us to set up search for any area of Phoenix 

 

A FEW OF OUR TESTIMONIALS (Additional ones upon request)

Ron and Ellen Littlejohn

Thanks so much for all your help with the purchase of our new house!

 

Dave and Sharen Littlejohn

We chose Ed and Celia Maddox of Solutions Real Estate to sell our home for us. We were especially impressed with their timeliness, knowledge of the business, professionalism and prompt follow-up to any questions or concerns.

Our home actually sold in one day! We were very pleased and got the price we were asking.  Ed and Celia are a very pleasant couple and a wonder to do business with. If you are thinking of selling or buying a home we would highly, highly, recommend them. As their advertisement says, they "Take the High Road"!

 

Wayne and Patti Hauschildt (Buyers)

Ed and Celia are the best! They helped us find a home that was just what we were looking for. They sent us everything in our price range, in the locations we wanted and went above and beyond the call of duty. They helped us through the process of buying, set us up with professional service people and kept in touch along the way. 
We would highly recommend Ed and Celia to anyone buying or selling property SE of Mesa! Professional, knowledgeable and friendly!!

 

 

 

Posted by

 

Edward and Celia Maddox, Associate Broker, MRE, GRI, ABR
The Celtic Connection Realty - We Take the High Road
Solutions Real Estate - Multi-Million Dollar Producers 2004-2011
Direct: 480-987-9322 Cell: 480-612-7968
Fax: 800-410-9607

 

 

Comments (1)

Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Hi Edward & Celia Maddox!

Thanks for an interesting post about the horrors of the down payment!

We wish you great success with your blog posts and networking with other members of Active Rain!

We clicked the “Follow” button on your profile so that we will be alerted to your future blog posts and can read and comment on them, and we invite you to "follow us" - should you be interested - by clicking the “Follow” button you see underneath our photo to the left. There is no requirement or obligation for you to do so, but we would be honored if you choose to do so!

Jul 22, 2016 12:53 AM