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Articles Tagged: Closing Costs

Home Buyers Guide Mortgages & Financing

Do you have enough money saved for a down payment?

October 17, 2020

Do you have enough money saved for a down payment?

One of the biggest misconceptions for home buyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20 percent down to buy a house.

A recent survey by Point2Homes notes that 88 percent of buyers say “they have significantly less savings than the average national down payment amount, which is $62,600.”

Thankfully, neither 20 percent, nor $62,600., is not the amount every buyer needs for a down payment. There are many different options available. That amount can also be significantly less, depending on the purchase price of the house.

According to the National Association of Realtors (NAR), “The median existing-home price for all housing types in August was $310,600.” (These are the latest numbers available). NAR also indicates that:

“In 2019, the median down payment was 12 percent for all buyers, six percent for first-time buyers, and 16 percent for repeat buyers.”Continue Reading

Filed Under: Tips for Home Buyers Tagged With: Closing Costs, Down Payment

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"Russ had it “right” from our first meeting to evaluate the market and the sale of our home. His expert professionalism guided the entire process. Clear and frequent communication was very helpful. He is low key, yet very present when needed. We could not have had a better experience with a different Realtor!"
- Jack M., Quail Creek
"Russ is a Realtor you will want to use! We worked with Russ to sell our property, all while we were living out of state. We got the selling price we wanted, he was always responsive to phone calls, texts, emails; went out of his way numerous times to make sure things like permits were in place or that services to the property were being taken care off. If Russ was licensed in other states I would always use him."
- Tom S., Quail Creek
"Best in the business! We have used Russ to purchase our winter home in Arizona and soon realized we wanted to upgrade to a larger full time forever home! Alas, Russ worked his magic and found our dream home. Russ is truly one of the best agents we have ever worked with. He is knows this market and we never felt pressure to make a purchase on a house that was not quite what we were looking for. I can’t recommend him highly enough."
- Pam H., Quail Creek
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
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