Homebuyers Face $32,000 In Added Costs, Excluding Down Payments
Clever Real Estate found 94% of buyers who negotiated with the seller were able to bring down costs
Clever Real Estate found 94% of buyers who negotiated with the seller were able to bring down costs
The sum would cover 10% of the down payment in 17 of the largest US metros, Realtor.com reports.
The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade
The Down Payment Resource Q2 2024 Homeownership Program Index Report says that there are 2,415 programs currently being tracked.
Not all costs are fixed for a fixed mortgage — insurance, maintenance, property taxes, and utilities.
Redfin says the typical down payment was $42,375, the lowest in nearly 2 years.