Real Estate Market Update

Homebuyer Myth: You Need 20% Down

One of the most popular buyer myths that I often hear from millennials is that you need 20% down to purchase a property. Now, while 20% down would be great and allow you some benefits, you don’t necessarily have to have 20% to purchase a property. There are lots of financing options out there. We’ve got FHA which typically requires 3.5% down and that’s 3.5% of the sales price. We have conventional and there’s several options with conventional financing. There are some 1% programs, 3% and most commonly the 5% down conventional. Also, that’s where you perhaps would put down 20% and you would have the benefit of not having to pay mortgage insurance.

Things to Consider When Purchasing Property

Meet Gillian Cunningham

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Gillian CunninghamMy interest in real estate emerged in the late-90s when I started entertaining the thought of real estate investing. After purchasing two properties in 2001 through a trusted real estate broker and mortgage broker, I found myself in a precarious situation in which I had been taken advantage of. This experience left me somewhat disillusioned and embarrassed. I was embarrassed because I was an educated woman who had purchased property before but not realizing that there was so much that I didn’t know. I thought, “WOW” if this happened to me, what’s happening to other people. From that moment on, I vowed to do everything in my power to be an advocate for my clients, to educate them to make informed home buying and selling decisions.

I obtained my Realtor’s license in 2002 and began practicing real estate. Each time I helped an individual or family, my passion grew. At the time, I was working full-time in software sales and part-time in real estate but I was determined to empower individuals to make wise decisions and achieve their real estate goals.

In 2005, after obtaining my Broker’s license, I took a leap of faith and left the corporate world behind. I opened a boutique agency, Gillian Cunningham Realty Group, which I operated for four years until the economic downturn took its toll on the industry. From 2009 to 2015, I provided client services as a Broker Associate with two other real estate firms.

In 2016, I made the move back to independent and relaunched, Gillian Cunningham Realty Group. My team and I are ecstatic to be able to offer clients the same great service and real estate experience we’ve provided over the years All designed with the client in mind.

In serving my clients, I take great pride in my strong work ethic, negotiation skills and commitment to excellent customer service. My mission is to provide clients with enough information to make their next move their best move.

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June 13th, 2022|0 Comments

Buying a home can be one of the most heart-wrenching and nauseating adventures of your life. But once closing is scheduled, that’s it, right? The stomach-in-your-throat feeling should go away and all is smooth sailing. Well, not always. There are many reasons closings may get delayed. Don’t let this list [...]

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June 9th, 2022|0 Comments

As spring turns to summer, one thing that unfortunately comes along with that change is summer storms. For some people this means frequent downpours or heavy rains. For others it means lightning or the possibility of severe weather. Even for those who don’t live in areas that commonly experience tornadoes [...]

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