At the settlement or the closing day, the buyers and sellers sign all the paperwork that makes the transaction happen. A settlement agent or a settlement attorney ensures all necessary paperwork is properly signed. In addition, the settlement office handles property surveys, the transfer and registration of the deed, and the handling of all the funds in the transaction. The home buyer chooses the settlement agent or attorney. In fact, the buyer agent, or in my case, the exclusive buyer agent and the home inspector is also the buyer's choice.
It is imperative that home buyers … (2 comments)
washington dc real estate: What Does Low Inventory Mean for HomeBuyers?
- 12/26/21 09:35 AM
Housing Inventory is Historically Low Across the CountryThese are challenging times for homebuyers! When housing inventory is low and demand is high, you face competition for houses. Last week, homebuyers I've been working with for several months now made a very strong offer on a house in a popular location in suburban Maryland. The sellers choose another offer after reviewing 14 other offers! Unfortunately, this is an all-too-common occurrence. How Does A Homebuyer Prepare for this Market? Talk to a lender and learn what options are available for you and your specific financial needs. Can you pay all cash for a property? … (0 comments)
washington dc real estate: Now is the time to buy a Washington DC condo
- 11/16/21 08:38 AM
Washington DC Condo Market Right now, there are 751 condominiums for sale ranging in price from 350,000 to 1 million dollars on the Multiple Listing Service in Washington DC At a time when inventory is historically low and has been for over a year or more, having options is refreshing! Of course, this price range is wider than most homebuyers' search criteria. And this search includes studios to penthouses so again, a broad range but still good news for condo shoppers. If you are in the market for a DC condo, between now and the new year is the time you could actually find … (1 comments)
washington dc real estate: What is an earnest money deposit?
- 11/06/21 05:56 AM
When writing an offer on a property, an earnest money deposit is typically included with the offer. The earnest money deposit or EMD as real estate agents call it shows that you, the buyer are serious about your offer on a property. This money is a pledge showing the seller you are 'earnest' about your offer. While not a requirement, it's customary to indicate on the contract that an earnest money deposit is included. In most parts of the country, the earnest money deposit will be between 1% and 5% or more of the purchase price. This money is held in … (4 comments)
washington dc real estate: Buying a Condo? Be Sure To Read the Condo Documents
- 07/06/21 12:19 PM
A 2020 census report in Washington DC shows the population nearly tripled compared to the previous decade! This exciting news means more people than ever before are buying condominiums in the District. If you're considering buying a condo in DC, make sure you take the time to review the condo documents. But first, what is a condominium?
A condominium or condo is a single privately owned unit within a building or community of units. Condo owners own what's inside the walls of their condo and share the maintenance of common elements like hallways, foyers and staircases, roofs, and rooftop decks. Every condo or … (1 comments)
Photo by Peter Boccia on Unsplash A Successful Home Buying Experience Begins with Your Story. Why are you buying a home? Do you have a mental picture of what that new home will look like? If so, you'll need to share this information with your buyer agent. The sooner everyone is on the same page, the faster you will find your home. Here are a few key points for Buyer Agents to keep in mind as they work with their home buyers.
1. More Listening, Less Talking-as experienced Realtors, we have important information to convey to our Buyer clients. We want to share the good and bad things we … (2 comments)
The final step in the home-buying process is the settlement. 
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