62% of Buyers Are Wrong About Down Payment Needs

Reblogger Will Hamm
Real Estate Broker/Owner with Hamm Homes

Another great blog by Abby Stiller about downpayments needs

Original content by Abby Stiller Lic. # SL3154233

According to the ‘2019 Home Buyer Report conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:

“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”

When potential homebuyers think they need a 20% down payment to enter the market, they also tend to think they’ll have to wait several years (in some markets) to come up with the necessary funds to buy their dream homes. The report continues to say,

“The truth: 32% of current U.S. homeowners put 5% or less down on their home, according to census data.” (as shown below):

first time home buyers assistance

The lack of knowledge about the home-buying process is unfortunately keeping many motivated buyers on the sidelines.

Bottom Line

Don’t let a lack of understanding keep you and your family out of the housing market. Meet with a local real estate professional: "Abby Stiller" who can show you your options today.

She can be reached at: 239-284-8637 - Tambien Hablo Espanol

 

Abby Stiller 

Realtor® Lic. #3154233    

12 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637

or visit: www.TeamStiller.com

 

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Topic:
Home Buying
Groups:
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Advice for Buyers

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Rainmaker
3,873,994
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good afternoon Will Hamm ,

Thank you for the re-blogged..I missed this one..trying to catch up so I'm off to read and comment.

Oct 19, 2019 02:58 PM #1
Rainmaker
1,219,045
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Will

Great repost. Had no idea 5% or less was so high a percentage. cheers cvc

Oct 19, 2019 04:59 PM #2
Rainmaker
1,299,994
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Will Hamm - Nice reblog from Abby! Happy Sunday.

Oct 19, 2019 06:45 PM #3
Rainmaker
486,121
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Hi Will Hamm Thank so much for the reblog

Oct 19, 2019 07:03 PM #4
Rainmaker
5,183,735
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Will Hamm great selection for a reblog..... good stuff here...

Oct 20, 2019 05:36 AM #5
Rainmaker
696,539
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great reblog and topic for home buyer's to read. It is great to know there are other options for buyer's.

Oct 22, 2019 09:38 AM #6
Rainmaker
2,031,478
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Will Hamm - yes this is a very good blog.  Many people are confused.

Oct 23, 2019 08:15 AM #7
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Rainmaker
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Will Hamm

"Where There's a Will, There's a Way!"
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