Today we’re going to discuss down payments. How much money do you have to put down to buy a home? There’s a huge myth that you have to put down 20% to get a mortgage on a house. That is completely incorrect; that’s the old-school way.
You certainly can put 20% down, and there are many upsides to doing so, but it’s not required. There are two main pros of putting 20% down on a property. First, you’re financing a bit less, so your mortgage payment will be smaller. Also, you avoid PMI or private mortgage insurance. Commonly, on an average loan, it’s around $150 per month.
However, 50% of homebuyers put down 10% or less when they buy their home. It’s much more affordable than you think to buy a house. There are even mortgage options with as little as 3% down for qualifying borrowers, and 0% down if you’re a VA buyer. There are many lower payment options to help you get into a home with less money. Each option is spec ...
Today we’re discussing the four factors to keep in mind when preparing your home for sale:
Market conditions in your neighborhood. Are we in a buyer’s or a seller’s market? In a buyer’s market, there’s a lot of inventory to choose from, so buyers have many options. You have to be a bit more competitive. In a strong seller’s market, which is what we’ve generally been seeing here for the past couple of years, you may have to do less to prepare your house for sale. However, you still need to price the property appropriately.
Price point. Here in Coral Springs, anything $550,000 or above is considered to be a ‘luxury’ home, and it will have to be in a more updated condition—it’s what those buyers expect. If you’re below that price point, many more buyers can afford your house, so it’s possible you won’t have to do as many upgrades to sell. There will be much more competition for your property.&nbs ...
Fully updated home on an extra wide tropical lot in the back of a cul-de-sac for privacy & security. Lots of exotic trees and plants make for a true gardener's dream and tropical paradise. Featuring a split bedroom plan for privacy with generous sized bedrooms. Master bedroom features his & hers walk-in closets. Master bath features a double vanity and updated bathroom w/ frameless glass shower door. Kitchen features high end appliances including a GE Monogram fridge, modern real-wood cabinets, and granite counter tops. Tile & wood flooring throughout the house - NO CARPET! No HOA! NO POPCORN CEILINGS! 2nd bathroom has also been updated and has a cabana door leading out to the screened-in pool w/ updated deck & large covered area.
Fully updated mid-century modern home in the RED HOT Ramblewood neighborhood - NO HOA! Featuring an updated kitchen and bathrooms, a split floor plan, a beautiful fenced-in backyard with large pool & plenty of greenspace for kids or pets. Partial impact windows and shutters for the rest of the house for total hurricane protection. Updated electrical panels, washer & dryer are INSIDE the house - not in the garage! XL Master bedroom features a large walk-in closet. Master bathroom is a cabana bath that leads out to the pool. Patio features a large covered area for outdoor enjoyment. Call Andy Mandel with REMAX for a private showing!