What's the Magic Number? | How Much Should I Save To Buy My First House?
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By the time you save the down-payment, the house you want will be even more expensive.
Now try doing all of that while you’re still trying to pay rent,car payments and other living expenses..🙄
I inform my buyer clients to save as much as you can. Down payment and all of closing costs just in case the seller is not willing to provide a concession. Always be prepared
I saved 100% stay hard.
I swear I hate living in NYC because none of these rules apply here. To buy a co-op minimum down payment is 20% and cost can start at 500K so that’s $100,000 minimum you need to put down. SIGH I’m jealous of everyone who lives in low-medium cost areas. Ok end of rant.
20% for a $250,000 house….no 🥴 I have 10% down and I ain’t giving more than 3.5% 😵💫 Either way thank you! I wish you were my realtor 😢
Hi Shaheedah! I have been watching your videos for a year. I bought your first time homeowner’s guide and purchased my first home on April 5, 2023! Thank you so much for all of your videos! They were very informative!
I have been watching you for the last 4 months and have gained so much information, gotten rid of anxiety and move forward in my process. ❤ Truly grateful for all you do. BLESSINGS
It could also be 10%... you ALWAYS need residual cash for the unaccounted for things that happen
I've been stressed that I wouldn't be able to save enough to put 20% down by the time I had hoped to buy, so hearing that its not the end of the world to put down less than that is really comforting. This makes me realize that I'm doing better than I thought I was on savings.
This helps a lot, you making it clear for us.
❤ thank you for sharing this information
Great information ℹ️👍🏾
First!! 🎉 Awesome video! Thanks Shaheedah
Thank you for that information Shaheedah.
This is such an important question to answer before diving into the home buying process. It's easy to get caught up in the excitement of searching for a new home, but understanding how much you need to save can help you avoid financial stress in the long run. Thanks for sharing your insights and tips on how to calculate the magic number!
Thank you!!
Thanks Shaheedah very informative content as always.
Lucky number 7🍀 Very helpful video yet again!!! 💯
great information