Advice Topics
- Buying (173)
- Selling (194)
- Renting (40)
- Market News & Trends (12)
- Finance & Legal Info (87)
- Tips & Advice (89)
- Working With an Agent (53)
- Marketing (4)
- Investing (15)
- Affordable Housing (15)
- Green Housing (2)
- Schools (1)
- Remodeling (29)
- International Real Estate (8)
- Terms & Definitions (24)
- Home Loans (11)
Top Contributors (View All)
Find a Top Real Estate Agent Near You
Is a bigger down payment better for seller?
Is a bigger down payment better for the seller? If so why? Why would the down payment make any difference as long as they're getting paid?
Asked By Brian | Deerfield, IL | 386 views | Buying | 11 months ago
Answer(1)
Robert Kieffer
RE/MAX Results
The larger down payment makes for a stronger buyer. If you are comparing a person that can barley qualify for a loan and someone who has 20% down, the likelihood that you will close is much higher with the person in a better financial situation. Think about if a small live changing event occurred during the buying process. Can the person with only 3% down afford to pay for what just happened and still close with you?
- 10 months ago
Helpful (0)
Unhelpful (0)
Are you ready to find a top agent near you?
Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.
Related Questions
-
What is the first step in buying a home?
- Asked by Mike M.
- 890 views
- Buying
- 3 years ago
-
How to buy a house without closing costs or down payments?
- Asked by Timothy S.
- 981 views
- Buying
- 3 years ago