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Home Buying in District of Columbia : Real Estate Advice

  • All80
  • Local Info11
  • Home Buying38
  • Home Selling4
  • Market Conditions2

Activity 471
Thu Apr 27, 2017
Derick Moore answered:
I'm selling a 'castle' in a neighborhood of lower priced homes. I'd guess the average for the specific location is about $450K, and I'm looking for $750K.
Speaking only for myself, my answer to your question is that I will be a long time, several months at least, before I consider lowering my price.
My house is a showplace, and unique. In addition, within a couple of blocks either way, you can find homes selling for more. $1 million at the end of the block and around the corner is one example.
My realtor first tried to get me to lower the price, then warned me that 'castles' are difficult to sell.
Sorry, I have a lot of money in the construction, and I'm unwilling to sell cheap.
So, for at least this seller, a lowering of the price isn't in the cards.
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0 votes 10 answers Share Flag
Wed Mar 29, 2017
Windy answered:
This is not an answer to the question. But a warning to any thinking of 1st.Mariner. They are a horrible company! Our guy,I wouldn't waste your time, I put in 100% in every case. I mean in the begining he was talking to us while changing the baby's diaper, in the middle he was too busy feeding his baby to fill any of our questions. They strung us along for 5 months and in the end refused us and we lost our dream home. The reason was because of the way some dumb dumb filled out a paper. And after making us jump through every hoop they had week after week. Making my husband miss work(for their hoops jumping) and then complain about the lack of a full pay check.We would ask, is there anything that we might need, anything else ya'll might even think would help? Trying to stay on top of the storm that insued from the payroll letter, that lovly woman only slightly reframed. They'd tell us no, then the next day, week, they'd come up with another hoop, until it was time to shoot us down. They would not see over that one paper, even though our agent talked to the adittude having person from payroll and knew first hand the assery we had to get through. They are not there for you in any way, in the beginning it was several calls a day by the last couple of weeks, we would wait days to get him to return our calls. And after 5 months, not even a sorry we couldn't help you. But a come back again if circumstances change! Are you kidding me! I would only send my enemies there. We will be going through a VA dedicated company like new day or veterans united. It was crazy what they wouldn't consider, like they didn't really understand some things. They were also stringing my husband along with the promise of a grant,which we needed,but they are not the only ones. They just make it sound like it. ... more
0 votes 7 answers Share Flag
Tue Mar 21, 2017
Alan May answered:
I tried to go according to a Rockefeller's income, but I was disabused of that notion by my bank, almost immediately.
0 votes 1 answer Share Flag
Tue Mar 14, 2017
Cescob_1223 answered:
I need a rent to own 2 bedroom, 2 bath Townhouse 25 minutes or less to drive, like in WA DC or Silver Spring 20910 to 20010 on sale at $200,000 to $250,000
0 votes 10 answers Share Flag
Tue Mar 14, 2017
Spanishdreamz101 answered:
what if my vet brother reciving ss and i recive ss can we buy a home together?
0 votes 31 answers Share Flag
Fri Jan 27, 2017
Unknown Name asked:
I'm buying a home in DC. We're scheduled to close tomorrow. Tops was sent to the previous tenant, never replied thus expiring the allowed time. The real estate now calls me saying…
0 votes 0 Answers Share Flag
Thu Jan 19, 2017
Loraarmstrong1977 answered:
How can I get a loan with 595 credit score, I dwn, for a house to rent to own
0 votes 12 answers Share Flag
Tue Dec 20, 2016
Susie Kay answered:
Agent's fee is negotiable so I would suggest that you pick up the phone and call a couple realtors and ask them your question. I just have to make a comment about a few hours of work. Even if you have found your buyer the work isn't going to be a few hours. There's a lot more to it behind the scene to ensure a smooth transaction in real estate. I would suggest that you ask the agents that you are interviewing what else do they do after you have found the buyer. ... more
0 votes 3 answers Share Flag
Mon Dec 19, 2016
Susie Kay answered:
Here in Texas we close at a title company and typically it's the title's job to give clear title.
0 votes 2 answers Share Flag
Wed Nov 23, 2016
Arobi88 answered:
Yes. In the line of work that federal consultants/contractors do essentially we can always find a job. Though I will say, ALWAYS ALWAYS have more than 6 to 9 months of mortgage and utilities before going into a house and then maintain that when in the house if you can (at the absolute least have no less than 3 months).

I am in that process now.

That type of job security anxiety with government worker during the sequestration in 2012/2013.... and I mean where were they gonna go with the hiring freeze and delayed back pay---had they left then that meant into the world of contracting and less job security than the fed. However, with me being a contractor I had savings and a new contract within the next month.
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0 votes 1 answer Share Flag
Wed Oct 19, 2016
Bola Williams answered:

If you are still looking to get into your first home please feel free to reach out to me, I know about a few down payment assistance programs that can help you get into your first home! I would be happy to help.

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0 votes 1 answer Share Flag
Fri Jul 29, 2016
Gmorgan answered:
yes u can use ur own realtor..banks hate naca
0 votes 12 answers Share Flag
Tue Jun 7, 2016
Alexawhiteb asked:
I can only seem to find the median. I would like all of the information about each zip code's AVERAGE sale price. It would be perfect if I could find them by year.
0 votes 0 Answers Share Flag
Fri May 13, 2016
Mark answered:
The best way to find out the going real estate commission rate is to put the Realtor fees on the open market and let the Agents bid your commission rate. Commission fees are negotiable and can vary by zip code. We find the best way to compare commission fees is to reverse-auction them. That is why we created; a free service for Sellers who can invite agents to submit their marketing plan and commission structure. It is a patent pending process that is saving Sellers thousands.

It is completely free to the Seller and there is no obligation for the Seller to pick the lowest bid or any bid. The whole time the Seller remains anonymous as we never publish your street address or contact information. Sellers can sit back and review marketing plans, commission bids, ratings and reviews. A big win for the Seller. After all, Agents are not charged to register or bid and they have no obligation to bid. Give it a try:
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0 votes 11 answers Share Flag
Fri Mar 18, 2016
Kathy Burgreen answered:
As a former realtor, the truth is realtors control what information is published to websites and what is hidden. Realtors want consumers to contact them for specific information like HOA fees, pets allowed or not, pool access, handicap access, accurate school information, etc.

Therefore, you will have to contact a realtor and have them email you listings with your specific criteria.
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Thu Mar 17, 2016
pcalice asked:
Hi, I am considering buying a condo in DC and learnt that across the unit there is a mechanical room operated by a different management company, which produces noise that can be felt in…
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Thu Mar 17, 2016
Marvin Brown answered:
If's it's a distressed property offer whatever you feel like. Just remember that once you make an offer you can be held liable for it. Start with a very low offer and never commit "good faith" or "hold" money to the property. Remember in most cases these homes belong to banks that in addition to holding the title are also responsible for annual property taxes not to mention maintenance and upkeep of the property. In many cases, particularly in HUD foreclosures, the bank has already received a significant percentage of the market value of the home. The banks are in the process of attempting to undo the damage they did to the housing market during the "sub-prime mortgage meltdown". They hold title to all of this property now but along with the ownership comes the responsibilities. To say that it's a buyers market would be an understatement. Good luck ... more
0 votes 24 answers Share Flag
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