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Reply to "How common is it to put 5% down on a house?"
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[quote=Anonymous]I know lots of folks who have done it in other cities, but I have a hard time imagining it working in a hot market like DC and the close-in suburbs. My impression is that sellers like to see more down, because it suggests more financial security and less likelihood that the deal will fall through. So, if you are in a market where multiple offers are a certainty, I could see losing repeatedly on financing alone. [/quote]
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