• Are you ready to buy? Owning your own home is about more than just being able to decorate any way you like; it’s about being prepared to maintain your home over the years, realizing that part of your income and time will go towards repairs and maintenance. It’s about being willing to take the risks of home ownership with a realistic expectation of the rewards.

 

  • How much can you afford? It can be discouraging to find that your salary won’t stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It’s better to buy a modest home now and look at purchasing your “dream home” in a few years.

 

  • What is your debt-to-income ratio? This is something that lenders take very seriously. Your overall debt should not be more than 40% of your income, and your housing debt should not be more than 32%. What 32% of your income will buy depends on where you want to live. In rural or downtrodden areas for example, it can buy a very comfortable residence and ample acreage. In highly sought-after urban areas however, it may not even buy a 400 square foot bachelor suite.

 

  • What do you want? Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Would obeying rules about when you can have your garbage cans out bother you, or do you want to live in a neighborhood where everything is ‘just so’? The answers to these questions can help you narrow down the search for the right type of property for you.

Are you looking to

buy or sell your home?

We can help.

Portland Luxe International Group

My name is Tony Ngo, owner of Portland Luxe International Group. I have over 12 years of real estate experience in Washington and Oregon with principal brokers Real Estate Performance Group (REPG) and Realty Edge. While on a trip to the United Arab Emirates, I was licensed as a certified International Property Consultant – Dubai. I can sell real estate in Dubai as well as OR + WA!

License#

OR – 200604339 (REPG)
WA – 96590 (Realty Edge)

Contact Agent

avatar portland realtor
Real Estate Adviser

Tony Ngo

CERTIFIED REALTOR - PROUD PARTNER OF LAWYERS TITLE OREGON

  • 503-281-8288
  • tn8288@gmail.com
  • 8800 SE Sunnyside Road, Suite 314-S, Clackamas, OR 97015

Questions?

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