How Much Cash Do You Really Need to Buy a Home in Richmond & Chesterfield Right Now?

One of the biggest questions buyers have is:
“How much money do I actually need?”

Typical Upfront Costs Include:

• Down payment (often 3–5%)
• Closing costs (2–4%)
• Inspection and appraisal

Example

On a $350,000 home:

• Down payment: ~$10K–$17K
• Closing costs: ~$7K–$14K

The Key Takeaway

You don’t need as much cash as many people think — but having a plan makes all the difference.