Crowdsourcing or crowdfunding for your home’s down payment
Mike Kelly, a Keller Williams Real Estate agent in Sonoma County California, wrote an article on crowdsourcing your down payment featuring Feather The Nest. Thanks for the mention Mike!
Your network is truly your net worth — and that maxim has never been more accurate than when it comes to Kickstarter or other crowd-funding efforts. Your wedding list will most likely include many of your network but also your relatives, friends, co-workers, etc. With these crowdfunding sites you’ll be able to invite them all to the wedding and direct them to your fundraising site. Since an increasing number of couples are already living together before the wedding, most friends and relatives will understand your desire for money for a down payment (and less of a need for the traditional registry items.) If you have some seed money put aside this will also show them you are diligently working towards savings for the new home. Get them on your home buying team.
And who would not want a home for a wedding present? Beats potato salad. A win-win for all parties.