Real Estate One - Traverse City - Front St

💰 Think you need a huge down payment to buy a home? Think again.

Today's buyers are putting less money down than they were a year ago. In fact, the typical down payment dropped to about $23,400 in early 2026, the lowest it's been since 2021.

Why? 👇
🏡 Home prices have become more moderate.
📈 The market is more balanced.
🔑 More buyers are using low or no down payment loan options like FHA and VA loans.

If saving for a big down payment has been keeping you on the sidelines, now might be the perfect time to see what's possible.

📩 Reach out today and let's explore your options.

You've got the offer accepted — congratulations! 🎉 But what comes next? The period between acceptance and closing can feel overwhelming. Here's a simplified overview of what to expect:

📋 Loan Application — Your formal mortgage application is submitted.
🔍 Home Inspection — A professional inspects the property for any issues.
🏡 Appraisal — A licensed appraiser verifies the home's value.
📂 Underwriting — The lender reviews all your documents and the property.
✅ Clear to Close — Your loan is approved, and you're almost there!
👀 Final Walkthrough — A last look at the home before closing day.
🔑 Closing Day — Sign the paperwork and receive the keys.

Staying responsive and having your documents ready helps keep the process moving smoothly. We guide you through every step. Contact us to learn more! 🏠

🏠 If affordability has been holding you back, this could be your sign.

Asking prices are starting to soften, creating more opportunities for buyers and a more balanced market overall. Want to know what that looks like locally? Reach out today and we'll connect you to one of our local real estate experts!

Remember when sellers could say “no” to everything?

Not anymore.

Today’s market is bringing negotiation back, with many sellers helping buyers with closing costs and other concessions. The smartest sellers know when to stand firm and when a little flexibility can help get the deal done.

Want to know what buyers are asking for in our market? Let’s chat.