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House down payment
I have been looking at a house recently, a few people have told me that the sellers would take me more seriously with a 20% down payment vs say like 5 or 10% This makes no sense to me. It seems to me that the sellers would only really be interested in the amount of the offer and if the potential buyer had bank approval or not. I do not know much about real estate so thought I would bring it to the OT group.
I did make an offer on the place that I like with a 20% down payment.
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