How Much Do You Need For A Down Payment?

According to a survey from RealtyTrac, buyers in 2014 put down an average of 14%, and more in higher-priced markets. Surprisingly, younger buyers appear to have made higher down payments at an average of 17%. It's important to note that while RealtyTrac surveyed over 350 counties, most of these appear to be on the coasts.

3.5% down payment FHA loans, and 5% down conventional loans are increasingly popular -- and publicized -- in the Midwest, including greater Cincinnati, where lower sale prices (as compared to coastal states) mean that first-time home buyers and others who may not have large amounts of cash available for a down payment are competing against people in similar situations rather than those able to fork over 24% which is the average in some luxury markets.

What does this mean for you? Talk to a few lenders to get a good idea of what types of loans you qualify for, and talk to a Realtor about what you need to be competitive in your local market.

Where do you want to live?

Are you looking for an affordable apartment in Clifton? A three bedroom near the river? Anything as long as it has a yard for your dog? Or maybe a four bedroom in the suburbs?

Finding the right home can make a huge difference in your life (and your family's lives!). I'm here to show you the way, from how to select the right financing to whether that fixer-upper is worth the money, and my goal is to use my knowledge to make your home search efficient and stress-free.

Of course, you may also need to sell a home to buy a new one -- I can help with that, too. You will be able to sell your home in the right time frame at the right price, thanks to research-based pricing, honest feedback, comprehensive marketing, and polite but firm negotiating.

And hey, if you just want to hang around and see what I have to share...that's fine, too!