4 ms·

Why would the size of the downpayment affect your bid? Isn't that between you and your loan officer? Does it affect how the seller gets paid?

• jghn 9y ago
  Regardless of reality, sellers see the buyers as being less serious and/or more likely to back out of a deal with a lower down payment. As someone who bought their house with a smaller than normal down payment it was quite frustrating. I wound up starting to bid much higher than I wanted in an effort to put more room between myself and normal down payments Note that this only really matters in a hot market where sellers can pick and choose