Nesbitt Realty is a family-run real estate brokerage located in Northern Virginia. We appreciate the opportunity to be of service and we'll match or beat and offer by any real estate company or Realtor working in Alexandria, Arlington, Falls Church or Fairfax County.
Are you ready to buy a home?
Over the last few years, lower interest rates have come along, making it more affordable than ever to buy a home in Northern Virginia. In order to buy a house, you’ll need to start saving your money and have enough for the closing costs and a down payment. Check out our Closing Cost Estimator and talk to an agent to get an idea of what you need to have on hand to make your home purchase.
In most cases, the closing costs will run you around 5% of the property price. Before you purchase the home, you should always get an estimate. An estimate won’t be the exact price, although it will be really close. You should always plan to save up a bit more money than you need, just to be on the safe side. It’s always best to have more than enough than not enough.
You’ll know your ready to buy a home when you know exactly how much you can afford, and you’re willing to stick with your plan. When you buy a home and get your monthly mortgage payment, it shouldn’t be any more than 25% of your total monthly income. Although there are lenders out there who will say that you can afford to pay more, you should never let them talk you into doing so – but stick to your budget instead.