Down Payments | David M. Floyd

Do You Have Enough Money Saved for a Down Payment?

by David Floyd | Oct 13, 2020 | Buying Myths, Down Payments, For Buyers, Millennials, Pricing

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that...

Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]

by David Floyd | Oct 2, 2020 | Down Payments, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights According to CoreLogic, homeowners across the country are gaining significant equity. Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth. If you’re ready to sell your house and begin looking for your...

Buyers Are Finding More Space in the Luxury Home Market

by David Floyd | Oct 1, 2020 | Down Payments, For Buyers, For Sellers, Interest Rates, Luxury Market, Move-Up Buyers

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters...

What You Can Do to Keep Your Dream of Homeownership Moving Forward [INFOGRAPHIC]

by David Floyd | Mar 27, 2020 | Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

Some Highlights: Don’t put your homeownership plans on hold just because you’re stuck inside. There are several things you can do right now to keep your home search moving forward. Connect with an agent, learn about resource programs for things like down payments, and...

Two Big Myths in the Homebuying Process

by David Floyd | Mar 17, 2020 | Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials

The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of...

How Your Tax Refund Can Move You Toward Homeownership This Year

by David Floyd | Mar 2, 2020 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers

If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. Based on data released by the Internal Revenue Service (IRS),...