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Family Homes | Solari Group Real Estate News Blog

Wednesday, September 29, 2021   /   by Nicole Solari

Is a 20% Down Payment Really Necessary To Purchase a Home?

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle.

That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it:


“The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.”

If saving that much money sounds overwhelming, you might be ready to give up on the dream of homeownership before you even begin – but you don’t have to. According to the Profile of Home Buyers and Sellers from the National Associati. ...

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  real estate, the solari group, home ownership, homebuyers, buying, for buyers, home buyers, family homes

Friday, January 24, 2020   /   by Nicole Solari

The #1 Reason It Is Difficult to Find Your Dream Home

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The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale in the lower price points. Boomers are staying in their current homes longer because there is a shortage of homes available for sale to which they would move. In certain markets, affordability is becoming more challenging because there is a shortage of homes available for sale.
What’s the major reason for this lack of housing inventory?
The issue was examined in a recent article by the National Home Builders Association (NAHB). In the article, Robert Dietz, Chief Economist for NAHB, explained:

“Home building in the 2010s was a story of the L ...

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  real estate, home ownership, homebuyers, buying, real estate agent, realtor, selling, moving, upgrades, real estate team, home price, solano county, napa valley, market update, the solari group, market trends, home buyer tips, level up realty, housing market, real estate market, home buyer, home seller, mortgage rates, for buyers, self-esteem, family homes, selling your home, new construction

Wednesday, November 13, 2019   /   by Nicole Solari

75 YEARS OF VA HOME LOAN BENEFITS

75 Years of VA Home Loan Benefits






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Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.

This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.

Facts About VA Home Loans:



Nearly 24 million home loans have been guaranteed by the Veterans Administration.



Nearly 82% of VA home loans are made with no down payment.



The VA also provides grants to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. Last year the VA provided 2,000 grants totaling $104 million.



Benefits of a VA Home Loan:



No down payment



No Private Mortgage Insurance* ...

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  real estate, home ownership, moving, loan, solano county, solari group, the solari group, for buyers, home buyers, family homes, va

Wednesday, June 5, 2019   /   by Nicole Solari

Multigenerational Homes Are On The Rise

Multigenerational Homes Are On The Rise





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As loved ones start to get older, we start to wonder: how long will they be able to live alone?  Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old!  As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational family.
The graph below shows the number of people by generation that purchased a multigenerational home because they will either be taking care of an aging parent or they just want to spend time together.
Of those buyers, 26% indicated they will be taking care of an aging parent, and 14% said they want to spend time with an aging parent. These numbers do not come as a surprise. According to Pew Research Center, 64 million Americans (20% of the population) lived in a multigener ...

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  real estate, home ownership, homebuyers, buying, first time home buyer, moving, napa valley, solano county, family homes, multigenerational