The Sumbles Team
Keller Williams
1514 Market Dr. #B100
Little Rock, AR 72211
501-960-4111
Fax: 501-907-5958
rsumbles@gmail.com
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“Randy is a dedicated member of the Realtor Assoc.
“Randy is a dedicated member of the Little Rock Realtors Association
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Things To Do In Little Rock, North Little Rock, Bryant and Maumelle!
Request our Free Little Rock, North Little Rock, Bryant and Maumelle Relocation Package. It's packed full of useful and important information about the Little Rock, North Little Rock, Bryant and Maumelle, Arkansas area. Don't move here without it! Remember: we'll send it to you for free and without obligation. There's so much to do in Little Rock, North Little Rock, Bryant and Maumelle! Let us send you our FREE relocation package about this great area. There's NO obligation, and we promise to respond quickly... 
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Buying Land and New Construction >Buying New or Buying Old
New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.
Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.
New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.
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| Q |
What does the abbreviation PITI stand for?
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| A |
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
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