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Trulia Washi…, Other/Just Looking in Charlotte, NC

Are there any special bureaucracies unique to DC that buyers and sellers have to deal with?

Asked by Trulia Washington DC, Charlotte, NC Thu May 9, 2013

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Gov't bureaucracies, not really.

Co-op bureaucracies - lots! There are some co-ops in DC that not only restrict whether you can buy or sell, but restrict if you can rent, when you can rent, how long you can rent, who you can rent to, and when you have to move back in after renting or require you to sell your unit.

Even some condos in DC are restricting rentability because it helps keep investors away.
0 votes Thank Flag Link Fri May 10, 2013
Typically the buyer seller transaction is similar to the neighboring jurisdictions, the one exception is purchasing a tenant occupied property. DCRA is very protective of tenant rights so there is more paperwork and possibly a longer waiting period as the tenant is given the right of first refusal. However that's a seller obligation. Otherwise DC government is extremely efficient when it comes to parking enforcement, fyi when you're looking at homes.
0 votes Thank Flag Link Thu May 9, 2013
No. Buyers and sellers only have to deal with each other - like any other sale in any other state. The biggest headache is on the Realtor's end. We have to manage different forms for the different jurisdictions that all have different laws, rules, deadlines, and regulations.
0 votes Thank Flag Link Thu May 9, 2013
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