“How much money do I need to put down to buy a house?” is often one of the first questions of potential homebuyers. According to data compiled by the National Association of Realtors (NAR), approximately 60% of homebuyers purchased their homes with a down payments of 6% or less.

Median year-to-date sales price of all homes sold in the 16-county Twin Cities metropolitan area through October 2017 was $246,000. That would mean a 6% down payment of $14,760.

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About Sharlene Hensrud

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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