Dunbarton Pines Real Estate Sales Report in February 2020

You’ve probably heard that you need to save 20% for a down payment when you want to buy a house. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that the reality is that you can purchase a home with a lower down payment. And in some instances, doing so may even be a financially smart move. In fact, the average down payment for first-time homebuyers is 5%. The ongoing climb of home prices is pulling down the typical down payment amounts for first-time buyers. Meanwhile, those same high home values are giving sellers the ability to use cash to make bigger down payments on their new homes—but they’re still only putting down 14% on average. Check out below to see what sold in Dunbarton Pines in February 2020:

45225 Dunbarton Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,532 sq. feet, 2 car garage, Sold Price: $333,000

Dunbarton Pines Home Sold
February 2020

44525 Midway Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,638 sq. feet, 2 car garage, Sold Price: $374,000

Dunbarton Pines Home Sold
February 2020

44884 Lightsway Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,750 sq. feet, 2 car garage, Sold Price: $375,000

Dunbarton Pines Home Sold
February 2020

45010 Lightsway Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,401 sq. feet, 2 car garage, Sold Price: $377,000

Dunbarton Pines Home Sold
February 2020

But, if you’re putting away money in savings, waiting to reach that 20% mark, you could be missing out on the financial perks of homeownership, even when you factor in the costs of PMI. For more information on Dunbarton Pines, or similar Northville or Novi neighborhoods such as Maple Hill, Royal Crown and Carriage Hill, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.

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