Fall is upon us, which signifies a slowing in the heated seller’s market of the past several months. With that comes the most opportune time for buyers to get in the market, the month of October! Listings are staying on the market longer AND pricing is slowing and leveling off. This season gives buyers more options in the marketplace. In addition, this is also the best time to take advantage of Down Payment Assistance (DPA) programs available or any first time homebuyer credit programs. These are not just for first time homebuyers but anyone looking to purchase a new primary residence.
There are so many misconceptions about buying; you must save 10%-20% to even think about buying. NOT TRUE!!! There are multiple first time homebuyer credit programs that require as little as 3.5% down and DPA programs can cover it! As a buyer, you do need to have the cash for an earnest money deposit and an inspection, which I highly recommend. Outside of that, the money is out there for you to buy today! Just go to our website www.bascombrealestate.com/buy/ and click on the link ‘Down Payment Help’ to see which programs you qualify for, then give us a call!
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