Fayetteville, Springdale and Bentonville real estate and homes for sale in Arkansas - Nicky Dou, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
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"Nicky spent time with me like I was a big-time client, showed me things in my price-range and helped me find a house in one week!"
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Real Estate Tips
Welcome > Resources > Tips > First Time Buyers > Affording A Home ...

Affording A Home

Are you getting ready to buy your first home? It is important to know how much you can afford before you begin looking at properties. Talking with a lender and getting pre-approved for a loan puts you in a stronger negotiating position with sellers.

As a rule, your monthly housing costs should not exceed 28% of your monthly pre-tax income. These costs include the mortgage payment, real estate taxes, and insurance. If you have long-term debts, such as student loans or car payments, your monthly payments, including your housing costs, should be less than 36% of your pre-tax monthly income. Some loans, such as VA and FHA loans, are more flexible with these basic guidelines.

Depending on which type of mortgage you select, you can consider houses in various price ranges. An adjustable-rate mortgage will usually enable you to qualify for a higher loan amount. Your real estate agent can help you make the basic calculations. Remember that buying at the top end of your price range gives you more time to outgrow your home, and can save you money over the long term.



Do These Real Estate Tips Really Apply to YOU? 

I've learned these tips through years of experience as a top REALTOR®. But I know that YOUR situation might be different. That's why I'm here. 

It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. 

Do any of these tips raise questions for you? Didn't find what you're looking for? Let me know! I am happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly... 

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Real Estate Trivia
Q 
What is the world's most valuable piece of furniture?

A 
The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars.
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Nicky Dou, REALTOR®, real estate agent and broker for Fayetteville, Springdale and Bentonville, Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Nicky Dou - Serving Northwest Arkansas and You!
Century 21 Exclamation Realty

5206 Village Parkway, Suite 10
Rogers, AR 72758
Cell: 479.236.3457
Fax: 866-888-0955
Nicky@NickyDou.com

Nicky Dou is America's NUMBER1EXPERT in Northwest Arkansas. Nicky services Fayetteville, Bentonville, Rogers, Lowell, Springdale, Bella Vista, Beaver Lake, and surrounding areas in Northwest Arkansas. She continues to be at the top of sales in Arkansas and is a native to the area. Nicky is anything but ordinary when it comes to marketing a property. She is an out-of-the-box thinker and utilizes technology and creativity in everything she does. Nicky is in the top 1% of all Realtors in Northwest Arkansas and is the #1 Century 21 Agent in Arkansas! Nicky offers the highest level of service and dedication - Let Nicky make YOU her Number 1 Client in Arkansas! Nicky Dou, Sr. Vice President, Executive Broker Century 21 Exclamation Realty. ePRO, ecoBroker, AHS (Home Staging Specialist)

EcoBroker ePro Equal Housing MLS REALTOR


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