Down Payments | Chuck Norsch, CMPS, MBA

Do You Have Enough Money Saved for a Down Payment?

by Chuck Norsch | Oct 13, 2020 | Buying Myths, Down Payments, For Buyers, Millennials, Pricing

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that...

Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]

by Chuck Norsch | Oct 2, 2020 | Down Payments, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights According to CoreLogic, homeowners across the country are gaining significant equity. Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth. If you’re ready to sell your house and begin looking for your...

Buyers Are Finding More Space in the Luxury Home Market

by Chuck Norsch | Oct 1, 2020 | Down Payments, For Buyers, For Sellers, Interest Rates, Luxury Market, Move-Up Buyers

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters...

How Buyers Can Win By Downsizing in 2020

by Chuck Norsch | Jan 22, 2020 | Baby Boomers, Down Payments, For Buyers, Interest Rates, Senior Market

Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home....

62% of Buyers Are Wrong About Down Payment Needs

by Chuck Norsch | Oct 7, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

Contrary to common misconception, a down payment is often much less than many believe. 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...

A Latte a Day Keeps Homeownership Away [INFOGRAPHIC]

by Chuck Norsch | Aug 23, 2019 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers

Some Highlights: The pumpkin spice latte is launching soon, so you may be tempted to spend your extra cash on a daily caffeine fix, but that small expense can add up to a big number – fast! Saving for a down payment takes a little discipline, so limiting your extra...