Daily Real Estate News
Prospective buyers want to enter their home search totally prepared, according to a new survey of more than 2,500 Americans. These buyers plan on getting pre-approved prior to the home buying process and intend to make sizable down payments.
Overall, slightly more than half of those surveyed – 52 percent – say they are likely to purchase a home in the next five years, according to the 2015 BMO Harris Bank Homebuyers Report. What’s more, the majority say they’re willing to pay an average of $296,000 on their next home purchase and intend to make an average 21 percent down payment.
