washington dc: Don't Forget About DC's $5,000 First Time Buyer Tax Credit!!
- 05/18/10 09:34 AM
Were you late to the party and now you're so sad that the federal first time homebuyer tax credit passed you by? Don't dispair! Come on down to DC! We still have a $5,000 first time buyer tax credit. Are you buying a primary residence? Is this the first house you've owned in the District in the past year? If you answered "YES!" to both of these questions, then you likely qualify. Unlike the federal first time homebuyer credit, this one is non-refundable. That means if you don't use it all, you don't get the remainder back in the form of … (0 comments)
washington dc: Georgetown Statistics
- 11/24/08 04:25 AM
Here are some stats for Georgetown. You will notice that we currently have more active listings than any other broker. Also, that in the past 6 months, we and Washington Fine Properties have each been on the Buyer's side of 16 of the settled sales. Active Listings - Fee Simple and Condo/Coop: Total 137 LNG - 33 WFP - 25 ( 6 are in one project, so adding all 6 makes the total 30) CBRB - 20 (10 are in one project, so adding all 10 makes the total 29) TTRS - 18 Past 6 months Fee … (0 comments)
washington dc: New DC Property Tax Rates for 2009
- 11/24/08 04:20 AM
District of Columbia Tax Year 2009 Homestead Deduction (§ 47-850 DC Code). A condition of eligibility for this program is that the applicant resides in the "owner-occupied property as [his or her] principal residence." For purposes of levying the real property tax during a tax year, the Mayor shall deduct $64,000 from the estimated market value of real property which qualifies as a Homestead. Currently this deduction results in a savings of $544.00 annually. Class 1 Property Tax Rate Effective fiscal year 2009 (October 1, 2008 - September 30, 2009 and thereafter) the tax rate was reduced from $0.88 per $100 … (0 comments)
washington dc: Open House Traffic Picking Up
- 11/10/08 08:21 AM
This past Sunday, I held open a very nice one bedroom, one bath condo in Cleveland Park at Vaughan Place at McLean Gardens, unit #522. It is not one of the renovated units, but it is very nice, has a gorgeous view from the balcony, and is about 750 square feet. The asking price has recently been lowered to $359,500. I noticed that since the election, open house traffic has been picking up. I had 10 groups come through in 3 hours, and most were very serious buyers. I get the impression buyers are starting to get their confidence back.
washington dc: Is Buying a House With Friends a Good Idea?
- 06/03/08 01:02 PM
Here is another great article in which I am featured on Urban Turf that deals with the complexities of buying a house with your friends. For some people, it can be a wonderful alternative to throwing your money away on rent each month. However, if you don't go into it with clear rules and boundaries, as well as an exit strategy, you could lose more than a friendship. Click here to see what else to consider before leaping in with your besties: http://www.urbanturf.com/news_trends/should_friends_buy_property_together/
… (1 comments)
washington dc: Shari Quoted on Urban Turf
- 06/03/08 11:46 AM
There is a new real estate website in town, and it just launched this week. In an attempt to navigate the highly localized real estate markets of the individual D.C. neighborhoods, Urban Turf dives in, one area at a time. It gives the readers the information they are looking for with the feel of actually hanging out in the neighborhood for a day and talking to the local residents first-hand. They are still working out the kinks, but here is a good article on the Shaw neighborhood, featuring quotes from yours truly: http://www.urbanturf.com/neighborhoods/shaw_howard_u_2008/
… (0 comments)
washington dc: Now That the Housing Crisis is Over...
- 05/12/08 06:58 AM
I thought you folks out there might enjoy a little post-housing crisis market report. Here is a break down on post-crisis sales in Northwest D.C. for the month of May thus-far: 49 single family homes have closed since May 1, 2008 in NW D.C. The average list price was $1,053,714 and the median list price was $869,500 The average sales price was $1,012,558 and the median sales price was $853,500 The average list price to sales price ratio is 96% and median was 98% Average seller subsidy was $1,359 The average days on market was 37 HAPPY HOUSE-HUNTING!!
… (2 comments)
washington dc: The Housing Crisis Is Over
- 05/12/08 06:42 AM
According to Wall Street Journal writer, Cyril Moulle-Berteaux, April of 2008 was most likely the bottom of the market. Click here to read this great article: http://online.wsj.com/article/SB121003604494869449.html Now, for all those of you out there who are on the fence waiting for the market to bottom out before you buy, this is it. Interest rates are amazing. Get in now while prices are at their lowest! We are in for a rebound over the next couple of years starting now. … (2 comments)
washington dc: Why Shouldn't You Sell Your Home Yourself?
- 11/01/07 03:42 AM
Selling a home isn't rocket science. Anyone can do it. You just stick a sign in the yard, run an ad in the paper, hold an open house, and boom! you just sell it. Right? Well, there is a lot more to getting an actual sale than that. The most important thing is getting a ready, willing, and able buyer to make a good offer on your home. Next, you have to understand how to protect yourself and your interests through the contract. You also have to know the ins and outs of DC real estate law to protect yourself from … (5 comments)
washington dc: Cute Pets
- 10/29/07 09:34 AM
Hey Everyone! If you have cute pet pictures, please send them my way and I will post them periodically for all those of us who are animal lovers and think a cute pet pic is a great little dose of therapy! This is Irene's lovable guy, Ike. Awww... … (3 comments)
Were you late to the party and now you're so sad that the federal first time homebuyer tax credit passed you by? Don't dispair! Come on down to DC! We still have a $5,000 first time buyer tax credit. Are you buying a primary residence? Is this the first house you've owned in the District in the past year? If you answered "YES!" to both of these questions, then you likely qualify. Unlike the federal first time homebuyer credit, this one is non-refundable. That means if you don't use it all, you don't get the remainder back in the form of … (0 comments)
;)
;)
