One of the biggest obstacles I face every day as a real estate broker is potential buyers with excellent credit that do not have available cash for a down payment.
And while there are some opportunities for loans with little down, they are few and far between and some are property dependent which limits the available selection of homes.
However, setting money aside for a down payment may not be as hard as you might think. Saving money has long been associated with austerity but in fact there are ways to save with little or no change in lifestyle.
Sometimes it only takes a phone call to achieve dramatic savings results. Technology, security and cable services are often very negotiable, and you might be surprised at how much you can save.
A call to your insurance agent and some policy tweaking can save hundreds of dollars per year. It is always wise to have your coverage reviewed on a regular basis!
When was the last time that you visited your local library? You might be surprised at how much libraries have adapted to the times. Why buy when you can borrow?
Try visiting State Parks instead of theme parks. You can literally save thousands of vacation dollars by utilizing public facilities instead of private ones. And you might just learn something in the process!
There are hundreds of ways to save if you are really committed to the endeavor. Most families could save enough for an FHA down payment in less than a year.
The key is to get started and just do it!
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There is a housing inventory shortage in Coweta County GA. NOW is a great time to sell!
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