Category: For Buyers

69{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} of Buyers are Wrong About Down Payment Needs

According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7} down payment is necessary to buy in today’s market. Nearly 40{12ca24a05342dbb53daaf6ac9e83dcd1d4a135542302ef678e31135aa120b5f7}…

Consider Buying a Home With Some “Undesirable” Features 

May 1, 2017

家 診断

When you’re looking for a home, chances are, you have a checklist of things you want. Two bathrooms… a finished basement… a great looking kitchen… an expansive deck…

But what happens when a home you see has a feature that doesn’t quite measure up? Perhaps the basement is poorly renovated. Or the kitchen is small. Or there’s only one bathroom. Should you say “No”?

Here’s something to consider: A home that has a few undesirable features will probably cost less. And, those savings may more than cover the costs of any needed upgrades or renovations.

So don’t pass up on a house simply because is doesn’t meet all your criteria. It may be worth buying a home for less and then making improvements.

 

 

Source: Consider Buying a Home With Some “Undesirable” Features | John Martelotti – Staten Island Real Estate Sales and Rentals