How much money would you have to put for the down payment on a $200,000 condo?
It depends on the condo, the real estate broker and your line of credit, but five percent down is considered the minimum in any real estate purchase. If you're a veteran, you don't have to put down a down payment! Thanks for using ChaCha!
Answered by Matt S. -
About Real Estate
Real estate refers to property such as homes, buildings, land and other property that is immovable. The real estate business is one of the largest in the U.S. and bad loans made by irresponsible financial institutions were one of the main causes of the great recession of 2008.
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