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first time homebuyer: Are Short Sales Losing Their Glow? - 10/05/11 08:18 AM
According to a recent report referenced by CRS, Short Sales Are Losing Favor With First-time Buyers - SLIGHTLY
Short-sale transactions are becoming less popular among first-time homebuyers, according to the latest Campbell/Inside Mortgage FinanceHousing Pulse Tracking Survey. 39.7 percent of all short-sale purchases in August were made by first-time homebuyers.  In constrast, first time homebuyers purchased 54.1 percent of all short-sales in November 2009, just before the original federal homebuyer tax credit was set to expire. It marks the third straight month that short-sale purchases among first-time buyers declined. 
On the other hand, maybe it is not that first tme homebuyers are turning … (14 comments)

first time homebuyer: NEW LISTING IN KENWOOD FOREST II - 01/24/10 09:17 PM
  Looking for a stylish new home in Bethesda/Chevy Chase - just a short walk to the metro?
This spacious home in Kenwood Forest II has it all from its elegant living room and dining room bathed in vibrant colors to the three large bedrooms, two and a half updated baths, and finished basement.
Kenwood Forest is the perfect place to live in Bethesda and Chevy Chase - Somerset School, Westland Middle School and Bethesda-Chevy Chase High School Leave your car in front of the town house and walk to all the shops and stores and restaurants that Bethesda has to … (0 comments)

first time homebuyer: Tell Your Buyers to Ask for a Free Parking Space with that New Condo - 12/17/09 08:38 PM
I just read an interesting post at DC UrbanTurf suggesting that when a buyer makes an offer on a new construction condo, that the buyer should also ask the developer for a parking space for free.
Even though many DC condo parking spaces selling for $40,000 or even $50,000 in the District,there are new condo projects in the area which are "over-parked"- the developer built more spots than were ultimately demanded by buyers, so the building has more parking than it needs.
"Parking is the lowest-hanging fruit in the negotiating process," one developer told UrbanTurf. "Once the building sells out, leftover spaces valued … (1 comments)

first time homebuyer: Forget the L shaped recovery or the V - it's a W - 10/08/09 11:17 AM
The sharp fall in housing prices has slowed and in some areas even stabilized, thanks to the first time homebuyer tax credit and the historically low interest rates. However, we shouldn't count ourselves out of the woods yet!  The supply of homes already in the foreclosure process will no doubt drive home prices down even further when they are sold. This will result in a second downward path in the housing market before we will be able to really see a real recovery.
In addition to the supply of homes already in the foreclosure process, there are other homes that the banks have not yet taken back.
13.54 percent … (9 comments)

first time homebuyer: Financial Guidelines for 1st Time Homebuyers - 10/03/09 04:24 PM
Dear First Time Homebuyer,
It is a great time to buy a first home. The government is willing to give you a first time homebuyer credit of up to $8000. Interest rates are low, inventory is good in some regions, and sellers are ready to negotiate.  So how do you make a good financial decision that will keep you out of future disaster?
As the one-year anniversary arrives of our near financial collapse, maybe it is time to re-evaluate the "rule" that you should always stretch financially when buying your first home.  Remember, you want to own that first home for a while, … (0 comments)

 
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Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA,Coldwell Banker

Washington, DC

More about me…

Keller Williams Metro Team Realty

Address: 15204 Omega Drive, Rockville, MD, 20850

Office Phone: (240) 401-5577

Cell Phone: (240) 401-5577

Email Me

As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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