Can You Buy a House Without a Down Payment?

With the El Paso County Bond Money Program, you can get a grant that you don't have to pay back.

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If you don't have money for a down payment, can you still buy a house?

Absolutely.

In fact, there are a lot of down payment assistance programs out there right now that are great for homebuyers. I think the best one right now is the El Paso County Bond Money Program, which is a turnkey program that allows you to buy a house with zero money down. Using an FHA loan, El Paso County will grant you that money for your down payment.

Since it's a grant, you don't have to pay it back and there's no interest. Of course, there are qualifications for this program, but it's the program that I would recommend the most.

There are a couple other great options like C.H.A.C. and C.H.A.F.A.

C.H.A.C. (Colorado Housing Assistance Corporation) and C.H.A.F.A. (Colorado Housing Finance Authority) both allow you to get into a home with no money down. You might need $1,000 in earnest money to put down on a house, but in most cases, you'll be able to get that back at closing.

 

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With the El Paso County Bond Money Money Program, you can get a grant that you don't have to pay back.

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Basically, you can have no savings and buy a house. How great is that?

If you have any other questions about buying a home, don't hesitate to give us a call or send us an email soon. We're here to help.

We Offer Services for Unrepresented Sellers

If you are listing your home as “For Sale By Owner,” we have a few unique services to help your home sale succeed.

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If you are listing your home as “For Sale By Owner,” then we have some unique services to offer that will help you succeed.

First, we can send you a copy of my book, 25 Ways of Buying and Selling Without Going Crazy. It’s a good resource that you can use as a guide to help you sell your own property.

We can also create a video for your home and use technology to make sure that it comes up first on Google. That way you still get great advertising even if you aren’t on the multiple listing service.

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Avoid legal problems by asking us for the right documentation.

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Finally, if you reach out to us, we will make sure that you have all the documentation you need to complete the transaction. There are over 600,000 real estate lawsuits a year, and we want to make sure that you have the tools and documents necessary to avoid any legal pitfalls.

So, if you are selling your home on your own or if you have any other questions about real estate, just give us a call. We would be happy to help you!

What Kind of Mistakes Can Sink a Home Sale?

Avoid botching your home sale by being mindful of these common mistakes home sellers make.

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When you sell your house, there are a few major mistakes you should try to avoid.

The first is overpricing your home at the start. You have to make sure that you don’t take this process too personally. Take the information you get from a real estate professional and listen to their objective opinion on the price. I know you think fondly of your home, but overpricing it can be very detrimental to you in the long run.

 

Once you price your home, no matter what price point you’re at, the market will dictate where you need to price it moving forward. If you need to adjust to the market, make sure that you do so. Many sellers fall into the trap of not adjusting quickly enough based on the number of showings they have or the feedback they get.

 

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Listen to the market, react to it quickly, and absorb all buyer
feedback objectively.

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Speaking of feedback, don’t take any buyer’s opinion personally. That opinion will help you in how you market your home.

If you have any questions about this topic or you’re considering buying or selling a home, feel free to give us a call or shoot us an email. We’d be happy to help.