Nothing But The Truth

Nothing But The Truth

Homebuyers, do you want to know the truth about down payments? 

Hi, I’m Tanja Odzak, eXp Realty, and I help people sell and buy homes right here in the East Bay.

If you are planning to buy your first home in the near future, you may want to know this information regarding down payments. Unless specified by your loan type or lender, it’s typically not required to put down 20% when purchasing a home. This is fantastic news, as it may mean you are closer to your home buying goal than you recognize. 

According to the Mortgage rate, “Although putting down 20% to avoid mortgage insurance is wise if affordable, it’s a myth that it is always necessary”. 

The truth to be told is most people opt for a much lower down payment… especially here in the East Bay. The National Association of Realtors says the median down payment hasn’t been over 20% since 2005 and most homebuyers today put down roughly 10-15%. 

“The big takeaway here, and one you should be excited about as a homebuyer is you may not need to save as much as you originally thought. Of course, all loans and lenders are different, so it is always best to do your own research and homework. And remember, experts predict home prices to keep appreciating over the next five years, which means your future home will likely go up in price the longer you wait.”

With all of this good news, what are you waiting for?! If you would like more information on the current inventory and prices, Call me today and let’s talk about it. I’m a seasoned East Bay expert with a 5-Star rating. I’ll help you navigate the market and make it happen, whether that’s selling or buying or both! 

And if you or someone you know needs to sell a home, ask me about my home selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really!  Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Tanja and I sell homes. Let’s get you going, Call me today!

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit. 

Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?



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