Saving Money to Buy a Home in San Diego

Saving Money to Buy a Home in San Diego

Buying a home is often the largest purchase one will make in a lifetime. While saving up for a down payment may be a challenge for some, it is not impossible. Here’s how members of various generations view their financial situations.

Millennials

  • Financially Comfortable 44%
  • Have Just Enough to Get By 41%
  • Experiencing Financial Difficulties 15%

Xer’s

  • Financially Comfortable 36%
  • Have Just Enough to Get By 47%
  • Experiencing Financial Difficulties 17%

Boomers

  • Financially Comfortable 41%
  • Have Just Enough to Get By 44%
  • Experiencing Financial Difficulties 15%

Matures

  • Financially Comfortable 53%
  • Have Just Enough to Get By 41%
  • Experiencing Financial Difficulties 6%

Even though these are some really cool and enlightening statistics everyone is unique in what their situation is. When it comes time to buy a home some buyers use their savings to use as a down payment while others use the equity from the sale of their home. Veterans and Military can purchase with no money down and pay no closing costs so they don’t need a large savings to buy a home. 

Wherever you’re at in your home buying process from just considering it to saying “I’m ready to buy a home today!” give The Lewis Team at San Diego Keller Williams a call today.

Contact The Lewis Team today – your San Diego Real Estate Experts!

Looking to buy a home in San Diego?

Selling a home in San Diego?

Call The Lewis Team – over 50 years combined experience.

The Lewis Team at Keller Williams

619-656-0655 

San Diego Real Estate Agents

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