20 Percent is Magic

When contemplating the prospects of getting a home loan, you should know the 20 percent figure is magic. What are we talking about? The down payment. If you put down 20 percent, the lenders are much more comfortable because you are putting your money where your mouth is. If you default on the loan, there is a 20 percent cushion for the lender to maneuver in to get their month back through a foreclosure sale.

FSBO property is simply homes or land that is sold without a real estate agent. This is the second advantage in that it saves the seller a lot of money since the traditional realtor commission is avoided. This creates a buffer of money that can be used for win-win transactions between sellers and buyers. It can also be the difference between moving a property or not in this difficult market. Whether you are buying or selling real estate for sale by owner, give us a try today.