Phu Financial

Down Payments Are Smaller Than They’ve Been Since 2021

Down payments are smaller than they’ve been in years, and that opens the door for more buyers.

And with added help from assistance programs and a little help from loved ones, you may have more ways forward than you realized. Connect with a trusted lender to talk through your options.

Down Payments Are Smaller Than They’ve Been Since 2021 Saving for a down payment can feel like the hardest part of buying a home.

Think a newly built home is out of your budget? Over time, it might cost less than you think.

Compared to an existing home that’s 20 years old, buying new saves the average buyer more than $25,000 over the first 10 years.

Why? A brand-new roof, HVAC system, and water heater mean lower energy bills and fewer repairs early on.

So, the home that looks pricier upfront could actually cost you less over time.

DM me, and let’s look at what newly built homes in our area could save you.

In many places today, homebuyers finally have the upper hand.

Data shows that, as a whole, there are more sellers than buyers active in the market right now. That means buyers have more homes to choose from and a lot more room to negotiate.

Think of it like this. When sellers are competing for a smaller pool of buyers, those sellers are far more willing to say “yes” to things like price cuts, repairs, and even help with closing costs.

And those are things you may not have gotten just a few years ago.

But you have to know how to ask for it. That's where a good agent can help.

Want to know what you can realistically ask for in our market? DM me and I'll show you what's working.

The power dynamics have shifted. Let’s make the most of this moment.