District of Columbia, DC Real Estate News

By Grant Schneider, Your Coach Helping You Create Successful Outcomes
(Performance Development Strategies)
This past weekend Phyllis and I attending a wedding in Washington DC.  It was the one of the friends of my daughter who had grown up in Armonk.  Daryn had gone to college in Washington DC and stayed there afterward.  She was marrying Dmitry, an urban planner who was from Russia.  Our daughter was not able to attend with a two year old and a new born.The hotel was The Moxy by Marriott,a concept for millennials with very small rooms and hip surroundings.  Clearly, we and two other couples were really out of place here.  I took a picture of our room but won't show it here. The wedding was at President Lincoln's cottage where Lincoln spent summer nights during his presidency and where he wrote the Emancipation Proclamation.And one of Ashley's friends snapped a picture of us to send to her. ...
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By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
A DC first time home buyer who qualifies for DC’s Home Purchase Assistance Program could receive as much as $202,000 for down payment assistance and gap financing beginning October 1, 2022.This is incredible news for DC first time home buyers, as it represents an increase of more than 2.5 times the current maximum amount, which is $80,000. Money from HPAP is issued as a low interest loan that can be deferred for up to the first 5 years.A DC first time home buyer who’s trying to purchase in today’s market is having to overcome a median sales price of about $562,766, according to Urban Turf, which is up year over year despite a supposed slowdown due to rising interest rates.HPAP funds can be used for down payment assistance and/or gap financing, plus qualified HPAP applicants can receive ...
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By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
Why should I choose a title company near me in DC, Maryland or Virginia when there’s an online title insurance vendor that can close for a few dollars less?The old adage remains true, real estate is local. Only a local title company operating near you and the property you’re looking to buy or sell has deep knowledge of the local real estate customs and regulations. People working at your local title company live in the same communities as you and are committed to taking care of their neighbors – even after closing.Occasionally we receive calls from homebuyers, who are rightfully shopping title companies nearby in their effort to find the lowest closing costs and best service. Then they tell us about the online title insurance vendor who’s offering the same convenient closing technology ...
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By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
The stories about homes for sale receiving multiple offers, contracts with waived contingencies and properties purchased sight unseen may soon be coming to an end.Rising interest rates, inflation, high home prices and an uncertain economic forecast have helped put the brakes on a runaway housing market that for several years has made it incredibly difficult for homebuyers to gain any traction – first-time homebuyers especially.Redfin reports that the number of sales contracts written by Redfin agents and facing competition has dropped to the lowest levels in two years, 49.9% nationally.In Washington, D.C., the real estate market remains competitive but also shows signs of calming. Last year, nearly 65% of homes offers written by a Redfin agent saw competition, while this year the rate h...
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By Lisa Perry - NMLS # 276329, Northern VA - VHDA, 100% Loans - Jumbo Loans
(FHA, VA, Jumbo, Downpayment Assistance, Conv.)
As the nation’s capital, Washington D.C. attracts homebuyers from across the country. First-time homebuyers in the District can utilize the DC Open Doors program, which features down payment assistance and federal tax credits. Learn more about how you can qualify here. The District of Columbia is a special place. It’s the United States’ capital – the center of all the action for the federal government. It’s also an international city, home to embassies of nations from around the globe. Even its jurisdiction is unique, not being a state but rather a special, federal district.While you’re probably familiar with all of these common characteristics of the District, you may not know that it can also be the perfect place to start a family or grow your budding career. For as varied as people’s...
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By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
The tallies are in, and the District of Columbia officially ranks No. 1 for the highest average closing costs in the nation, according to a report on closing costs that ran last month in the Washington Post.Not exactly something for DC homebuyers to celebrate. Maryland didn’t fare much better at No. 4, while Virginia came in toward the middle of the pack at No. 16.Bear in mind these are closing cost averages in DC, Maryland and Virginia, and closing costs increase as the price of the property increases. But price increases are not the only driver of high closing costs.Homebuyers are paying high closing costs because of the proliferation of broker affiliations with title companies and joint venture operations between brokers and title companies.When title companies pay money in exchange ...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
So you're scrolling through the internet, checking out this home and saw how beautiful it is. You decided that you'd like to buy it, and one website says that it's $XXX amount or something. Then you go ahead and submit an offer, but things don't go that well for you. "I did my research, what went wrong?" you ask.The algorithms you see online are good for scouting, but they can be notorious. They may not take into consideration the current market conditions, which can evolve very fast.In addition, it doesn't also take into consideration the strength of the home, or the update/s the home has been through, and what the condition of the property is, since records online might be outdated from the last time it was published for sale before it's being sold again today.Make sure that you have ...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
It's no question that Washington, D.C. has a lot of monuments and museums attributed to some of the world's historic events. Since the weekend is fast approaching, here are some of the DC memorial places that you can go to for a walk.Quick tip: Consider checking out some of them by night (FDR and Lincoln are particularly pretty in the evening)!1. DC War MemorialThis memorial is dedicated to the men and women who gave their lives in the World War. Their names are inscribed as a perpetual record for their patriotic service to the country, and helped shape this nation to what it is today.Go to their website by clicking here to learn more: https://www.nps.gov/nama/planyourvisit/dc-war-memorial.htm2. Franklin Delano Roosevelt MemorialThis memorial is dedicated to the Former President Frankli...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Patriotism continues even a week after the MLK day by observing history and what it taught us to make today and the future better. One way of celebrating these historical events is by attending museums, which reminds us of the times passed by and gave us insight on how we can make things better.One of these places is the John F. Kennedy Center for the Performing Arts. Just a bit of backstory -- a National Cultural Center has been planned to be created back in the early 1960s. Following the untimely death of former President John F. Kennedy, on January 23, 1964, the said Cultural Center was dedicated to him in his memory and devotion to the advancement of the performing arts in the United States.The Kennedy Center hosts about 2,000 of events, and offers a lot of classroom lessons, digita...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Owning a home is one of the best things in the world. I, for one, have been a witness of countless people who are able to get their own place, and not only that it puts a smile on their face to have a living place of their own, this also gave them an opportunity for a long-term investment. This reminds me of 1711 Massachusetts Ave NW #132, Washington, DC, and how I helped a person to buy a home around DC. With a wonderful L-shaped efficiency unit with front street view, this wonderful condo has a low condo fee that includes most utilities. With a beautiful wood flooring, updated kitchen cabinets and countertops, a full bath, and a large walk-in closet, this is a great starter home for such a busy place.Located at the heart of DC, this is within walking distance to Safeway, CVS, Dupont M...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Happy #ThrowbackThursday, everyone! It's always nice go to on a trip down memory lane, but this time, I'd like to remind myself and everyone of the achievements we've accomplished and will accomplish in the future.This reminds me of one of the closed deals that I had last year at 1325 18th St NW #606, Washington, DC! For a price of $457,500, this home is all about the combination of simplicity, location, and elegance. This 1 bed and 1 bath condo in Dupont Circle is not only spacious and filled with oversized windows to get that sun-filled, quiet corner residence. It also has one of the most amazing Brazilian wood floors I've ever seen, renovated kitchen and bathroom, and an abundance of space with natural lighting all around.Not only that this is a beautiful home inside, it also has amp...
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By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Looking for a unique and interactive experience with all things about spying and espionage? Have you ever watched one of those spy films and wonder if all of those action-packed scenes are in some way accurate to how spies do it in real life? Well, this museum is for you! The Spy Museum, located in Washington, DC, an interactive museum that gives you all things about spying and espionage. They have exhibits talking about how spying shaped history, the different tools spies used and how they are made, intel gathering, and more. They also offer classes, field trips, seminars, puzzles and games for the kids, and a curation of all things related to spying.Interested in going to the Spy Museum? You may visit their website here for more information. Tickets are available here as well, and you...
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By The Isaacs Team LLC, Compass
(1313 14th St NW DC 20005)
Wesley Heights is a triangular-shaped pocket community of approximately eight blocks at its base  Surrounded by parkland and the upscale neighborhoods of Palisades, Berkley, Spring Valley and Cathedral Heights, Wesley Heights boasts woodsy trails, stately homes, parks and Civil War ruins. You’ll find detached homes ranging from fifties ranch-style to bonafide mansions as well as some upscale townhouses, a dignified retail strip on New Mexico Avenue, and Horace Mann Elementary School.Learn more about Wesley Heights DC
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By Jamie Flournoy, The Realtor on Your Side
(got agent?)
So, I went to a settlement in NW D.C. My wonderful client purchased a condo and she and her parents presented me with a box of gourmet cookies from Japan and a bag of gourmet cookies from Cookie Pie. Yum. Well, not exactly. Here's what the box and bag looked like within a few hours! There's only one lonely cookie left in the box. I wish I could tell you that I have a large family, but I'm an honest real estate broker!
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By The Isaacs Team LLC, Compass
(1313 14th St NW DC 20005)
Buying or selling Washington DC real estate during a pandemic can be awkward, even a little scary. And while those in other markets might think it crazy, we who live and work in the District know that virtually nothing stops the DC real estate market. So...How do you sell or buy property while Covid-19 is still a threat?The Isaacs Team LLC and Compass offer a suite of effective solutions! We conduct video conferencing meetings to discuss your listing or home search, video property tours and inspections, virtual open houses, virtual staging and video conferencing settlements, along with special pandemic-related contract language to protect your interests.Learn how we Buy VirtuallyLearn how we Sell VirtuallyContact The Isaacs Team today!  
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By The Isaacs Team LLC, Compass
(1313 14th St NW DC 20005)
DC real estate can be confusing... and the more you dig in, the more complex it can become. You can spend hours, even days, searching the web for answers to questions you already have, but it's impossible to search for topics you don't even know exist. That's where we come in.The Isaacs Team's Tools section at realestateinthedistrict.com offers insights on DC real estate topics common to transactions in our unique real estate market, as well as resources and links relating to pre and post transaction issues. Becoming a real estate maven is as easy as scrolling a single page. Check it out!
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By The Isaacs Team LLC, Compass
(1313 14th St NW DC 20005)
With so much DC real estate information crafted as promotion, advertising and sales jargon, it can be difficult to separate fact from fiction when you’re buying a home.We break down everything from development projects to property evaluation and purchase strategy. The Isaacs Team LLC at Compass provides transparency, education & adroit transaction strategy and management. We represent buyers and sellers of residential property in Washington DC and National Landing, Virginia. It’s real estate out loud!Find us at realestateinthedistrict.com 
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By NextDay Inspect, Residential Home Inspections & Radon Testing
(NextDay Inspect)
 Relocation is often stressful and time-consuming, but rarely do we wonder about the impact the process has on the environment. This is amplified when moving to a smaller house or condominium, and additional decisions have to be made regarding items that must discarded in order to save space.  If we don’t make these decisions deliberately, our choices can generate a lot of trash, and waste energy and natural resources. Fortunately, we have other options so that, when the time comes, we can relocate — along with our stuff — responsibly. Some measures to consider before moving day: Buy less. The less you accumulate, the less you will have to discard when it comes time to relocate. Also, fight the urge to be a pack rat by recycling and giving items away as they become obsolete to you. If y...
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By Abraham Kyele Kingoo, EA, MBA, Solutions for Complex Situations
(Archer Solutions LLC)
The IRS has told congress that it will begin issuing coronavirus economic disaster stimulus payments to families as early as this week. However, those expecting these funds by mail may have to wait until September to receive them.This article clarifies some  tax issues that are bothering our clients and the wider public, especially now that getting through to the IRS by phone has become near impossible.As you read along, if you discover that you are not well-prepared to receive your stimulus funds early, or that the free resources proposed will be unattainable or unreliable for you, get assistance through our remote service page. Use coupon code ARCHER40 to get a 40% discount before April 15, 2020. On March 27, 2020 the President signed a $2.2 trillion stimulus package—known as CARES Ac...
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By Robert Vegas Bob Swetz
Just another form of NEW WORLD ORDER ... Come on people, who's really buying into this Corona Virus garbage?Looks like too many people! People that are so caught up in the news, social media, etc.Get grip & all this is another form of NEW WORLD ORDER from governments across the world. The New World Order or NWO is claimed to be an emerging clandestine totalitarian world government by various conspiracy theories. The common theme in conspiracy theories about a New World Order is that a secretive power elite with a globalist agenda is conspiring to eventually rule the world through an authoritarian world government—which will replace sovereign nation-states—and an all-encompassing propaganda whose ideology hails the establishment of the New World Order as the culmination of history's prog...
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