Online Real Estate Resources and Reference Materials

Featured
Properties

Search All
Local Listings

My Homes
Value

Short Sale
Information

Homes Wanted

Meet The Team

Mortgage
Information

Get our Latest Listings
Before Anyone Else!

Name:
Email:

"With Kristen you simply can't go wrong."
"Kristen always made us feel like we were her only clients despite her hectic schedule."
Tristan and Olivia McElhany
Read Quote >
View All Quotes >

Real Estate Tips

First Time Buyers >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.

	See All Tips In The "First Time Buyers" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia

Q	What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?
A	According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.
See More Real Estate Trivia >

The Scott Team, REALTORŽ, real estate agent and broker for Reno, Sparks and Lake Tahoe, Nevada home listings, property and land for sale

Vince Scott/Kristen A. Gil
Intero Real Estate Services
Broker/Owner, Realtor
6990 S. McCarran Blvd. #300
Reno, NV 89509
Office: 775-762-7653
Fax: 775-284-8315
vscott@interoreno.com
kgil@interoreno.com
We are a dynamic Real Estate team with over 35 years experience in the Reno/Sparks and Tahoe markets. We are very knowledgeable about Short Sales, Foreclosures, Investment properties and 1031 Exchanges, in both Nevada and California. Vince is widely known as one of the premiere developers in the area. His accomplishments include construction development, brokerage and management of single and multi-family, commercial, hotel and resort properties and the responsible development of some of Tahoes most difficult and challenging environment projects. Kristen is a Short Sale Foreclosure Resource with the National Association of Realtors and a licensed property manager. She has extensive experience working with distressed sales and investors in our market. Hiring a successful, experienced team is critical in today's difficult Real Estate climate. Call us, we can help you navigate through the complicated web that Real Estate has become. We are your friends with the answers!

www.Move2Reno.com is brought to you by The Scott Team, real estate for
Reno, Sparks and Lake Tahoe, Nevada

Read The Scott Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge