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What is a Down Payment?

The down payment is the amount of money a buyer has saved in order to purchase a property. This can typically range from 5 - 20% of the home's cost. Considering a career in real estate? Check out our upcoming pre-licensing courses here:

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Peter Bately
Peter Bately
Apr 27, 2023

The cash up front paid by the buyer in real estate transactions and other significant purchases is a down payment on a house. Typically, down payments represent a portion of the purchase price. Garage Door Services Near Me in USA

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