For many potential buyers, one of the biggest obstacles on the road to homeownership is saving for a down payment. But thanks to a new technology trend, some savvy buyers are turning to their friends, family, and social networks for help.
While crowdfunding has long been a popular trend, until recently it’s been mostly limited to the business world. But according to a recent article in The Wall Street Journal, crowdfunding for home purchases is on the rise. There’s even a crowdfunding platform specifically for homeowners. HomeFundMe is the first crowdfunding platform specifically targeted to potential homeowners looking to crowdfund a down payment. Potential homeowners are given 12 months to reach their down payment goal, and all funds are wired from an escrow account to the seller when buyers make their property purchase.
HomeFundMe is still new (the platform launched in October 2017), but results so far are promising; according to the WSJ article, approximately 400 buyers have used the service to help crowdfund their home purchase since the launch.
The Takeaway
If you’ve been thinking about buying a home but haven’t been able to save for a down payment, crowdfunding could be a way to make your dreams of owning a home a reality. Contact me for some ideas.
What’s Next
Most people think finding the home of their dreams just sort of happens…
Like they’ll “know it when they see it,” or it’ll be love at first site. Sometimes that happens. But a lot of times, homebuyers miss out on great homes because they make some really common mistakes.
Finding and actually getting the best house for your wants and needs (let alone at the best possible price!) isn’t as simple as just being in the market, finding it, putting it in a shopping cart, and heading to the checkout.
There’s quite a bit to the process.
My buyer’s guide will demystify the process and give you a no-fluff, in-between-the-lines look at things most buyers either simply ignore, or don’t realize. (Even some agents don’t know some of the things I cover in this booklet.)
Want to find the home of your dreams?
And also get it at the best price possible? Then download your free copy of this guide: The Ultimate Home Buyer’s Guide
HERE’S A PEEK AT WHAT’S INSIDE
- learn the buying “process” by simply reading the guide. (It’s written in an order that flows from start to finish so you’ll know what to expect, when to expect it, and what to do.)
- Develop the right mindset for when you “lose” or when you “win” a home. (You’d be amazed at how many buyers deal with huge psychological ups and downs when buying a home.)
- Get my professional insight into the current local market conditions.
- Learn when you should actually get a pre-approval and when to officially start the mortgage process.
- Learn how to develop a truly trusting relationship with your real estate agent. (Ahem… hopefully it’s me!)
- Find out what the deal is with the “deals” like short sales and foreclosures.
- AND SO MUCH MORE…
Get my professional insight into the current local market conditions. Don’t worry if you’re super busy; this isn’t the real estate version of “War And Peace.” It’ll be a quick, insightful (and hopefully kind of fun) read for you!
Within the next couple hours, you’ll literally know more about the buying process than most buyers out there (and even some real estate agents) if you go ahead and ask for your copy now.
So tell me where to send it, and you’ll be done reading it in no time. Although… you’ll probably find yourself going back and re-reading it throughout the process of buying your home! (Especially if you don’t end up working with me! But if you do, I know this stuff inside and out. Just sayin’…)
JUST TELL ME WHERE TO SEND IT!
