According to the National Association of Realtors®’ 2015 Profile of Home Buyers and Sellers, the most difficult step in the homebuying process is saving for a down payment. And with the cost of rent so high, renters are finding it more and more difficult to save. So what are some out of the box, but simple ways that a renter can save for a down payment? Whether it is applying for government assistance, setting up a crowdsourcing fund or giving up lattes for a year, there are hundreds of ways to gather the funds.
Story Springboard
Check out HouseLogic’s five creative tips for saving for a down payment. Speak with recent homebuyers in your area to learn how they saved for their down payment. Ask a Realtor® for stories on the most imaginative ways they have seen clients come up with down payment money.
You can view all of NAR’s Real Estate Story Ideas here or follow the RSS feed here.
Each month, NAR produces a few story ideas for the media, presenting timely topics accompanied with background information and facts related to the real estate market. These housing and real estate story ideas are designed to help media generate content for news stories, hopefully serving as a helpful resource to those in the media looking for stories or new angles.
Powered by WPeMatico