Our new common Call/Email:  "Hi, I'm an investor looking to buy properties. Can you help me?".   Sure you are - so is everyone else in the city.  The problem is the REAL investors can look at a property and know what offer to make and buy it in days; where the "I wanna be an investor" needs a wee...
The DC Real estate market has been hot for quite some time now.  Multiple offers for properties in the right location and condition - and of course priced correctly to start - receive multiple offers.  Average list price to sales price ratio in the zip code is at 100.9%   So our new listing (5 da...
Buyers and Sellers beware - the week before settlement there is a phenomenon known as - "It was bound to break sometime!".  Yes; that washing machine or garbage disposal has worked flawlessly for years.  The inspector gave it a good bill of health - but fear not - it is the week before settlement...
  Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old.  There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a home in the previous two years....
While meeting with a buyer last week - he said; don't worry this isn't my first home purchase. I bought a home 10 years ago and understand the process. Well I have been in selling real estate for 10 years too and I can tell you - it is not the same as it was then.  Sure some of the basics are the...
In our market of Washington DC; the real estate market is ever changing - as in many Metro areas. Prices are on the rise and are ever-changing. One thing we always tell our sellers at our first presentation is; home prices are like the price of gas. As soon as the station across the street lowers...
It has happened more times than I care to think and no matter how many times I complain - and blog about it - it will happen again. Stood up. Yes I receive an email from someone; who does not have an agent of their own; who wants to see one of our listings. We agree on a date and time - exchange ...
    Coffee should be hot. Beer should be cold. Mexican food should be spicy.  However, if these things are less than the standard that you expect, there are not any lasting consequences.   As the value of the object in question rises, either in price or gravity, the expectations usually increase ...
    A ½% increase in interest rate may not sound like much but it is roughly equivalent to a 5% increase in price.  It becomes obvious when you compare the payments.   If you financed 100% of the cost of a $250,000 home at 4.5% interest for 30 years, the payment would be $1,266.71 per month.  If ...
This is a question which many home buyers ask their Realtor; and their Realtor cannot answer such a question.  Buyers often get frustrated by this; and usually don't understand why.So why can't Realtors answer a simple question from their client?  Well most agents will cite 'Fair Housing Laws'; w...

James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes

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