Saint Petersburg real estate. How much down payment does the seller request?

I get this question a lot.

The down payment on a house or condo is nothing that the seller actually requests. Yes, the seller can counter or reject an offer that has 99% financing as a contingency, but in general, your mortgage broker should answer this question, not you Realtor.

It all depends on your income, your savings, your investments and most of all your credit score and history and what lender you work with. The bank will give you different options and different interest rates and conditions if your down payment is high verses low. Here in the Saint Pete area, we consider 0 to5% a low down payment, 20% is about average and with 30% and up, you are in excellent shape.