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June 2012

Found 8 blog entries for June 2012.

Generally speaking your offer will be based on a few key factors:

1) The most recent comparable sales.
2) How long the property has been on the market. 
3) How much competition is out there.  For example: Are there multiple offers? Has the seller received a previous offer that wouldn't work for them?
4) Terms: It's not always just about price!  If you can work with the seller on terms such as the closing date, the inspection, a potential rent back etc you may have extra leverage.

If you're a buyer looking to make your offer more attractive without offering more money, you'll need to adjust your terms. Remember, it's not just the offer price that may sway the seller in your direction; well crafted terms may make the difference between losing out on an

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1603 Isherwood St NE #202, Washington, DC 20002 | List Price: $199,000
Very affordable price for a top floor 2 bedroom condo on Capitol Hill.  This unit is about 640 sq ft and the condo fee's are very low($125/mo).  Laundry in the unit.  Short distance to metro and H Street. 

1248 Fairmont St NW, Washington, DC 20009 | List Price: $955,000
Great condo development potential here in Columbia Heights.  This end unit Victorian is currently set up as a 6 bedroom with 3.5 bathrooms.  The total sq ft on this property is 3540.  Zoned for multiple units and is on a .12 acre. 

61 Underwood St NW, Washington, DC 20012 | List Price: $235,000
Most affordable fee simple(non-condo) property on the market in Northwest Washington DC.  These semi-detached homes are small

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1303 Allison St NW, Washington, DC 20011

List Price: $399,900

Way overpriced short sale in 16th Street Heights.  Needs full renovation.  Big issue is no backyard.  Has potential rental/second unit in basement.  Close to Petworth area.  Dog park is just down the street.  Need to buy at a much lower price to make this deal make sense.

4915 Illinois Ave NW, Washington, DC 20011

List Price: $350,000

Another overpriced property.  This one is in Petworth.  Estate sale.  Good sq ft(2280).  Needs a full renovation.  Purchase price needs to be in the mid $200's to make this work.  After repair value is in the low $500's.

819 Farragut St NW, Washington, DC 20011

List Price: $299,900

Will get multiple offers.  Low priced for a home that you can move

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Tubman Elementary School looks like the place to be today! I was walking our dog in Columbia Heights this morning and it was pretty hard to miss the enourmous inflatable fun house setup on the soccer field! I wish my elementary school did this kind of stuff tubman_fun_house_400when I was a kid. The school has also recently played host to the Obamas when US First Lady Michelle Obama visited the school as part of her Let's Move Campaign to fight childhood obesity. Tubman's soccer field is also a frequent site for pickup soccer games when the field is not being used for organized sports. The games are quick: first to score or ten minutes max.  Organized sports leagues like District Sports and DC Bocce League also make use of the space.
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Hot Properties in Washington DC

3063 Clinton St NE, Washington, DC 20018

List Price: $209,900

Just came back on the market today.  Cheap for a single family home.  Regular sale.  Woodridge area.  Fix and flip for mid $300's.  Not too far from the development occurring in Fort Lincoln. 

 

3949 R St SE, Washington, DC 20020

List Price $108,000

Cheap home in Fort Dupont area of SE DC.  Fannie Mae owned.  Resale is in the mid $200's.  Low price.  Good flip.  Will sell fast.

 

160 Adams St NW, Washington, DC 20001

List Price $465,000

Who is going to be the first buyer to get this seller down to earth?  Estate sale.  Get price down and make some money.  Ledroit Park real estate is doing very well. 


4915 Illinois Ave NW, Washington, DC

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Five Things I Learned From Reading the July Consumer Reports

This month’s issue focused on making your home feel more luxurious for less. 

1. CR surveyed thousands of readers on hotels.  The top rated hotels were Ritz Carlton(Luxury), Residence Inn by Marriot(Upscale), Wingate by Wyndham(Moderate), and Microtel(Budget). 

2.  The top three places to buy major appliances in order are Abt Electronics, Independent stores, and Lowe’s.  The top three for buying small appliances in order are Amazon, Independent stores, and Costco. 

3.  CR does not recommend buying extended warranties for appliances. 

4.  Quartz and Granite are best for countertops.

5.  The best ways to save gas are to slow down and drive between 55-65 MPH, check gas prices on a site

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Hot Washington DC Property Post for June 5, 2012

 

905 Emerson St NW, Washington, DC 20011

List Price: $264,900

Petworth is on fire right now.  Buy this and flip it.  Sell for $500-600K.

 

1420 Crittenden St NW, Washington, DC 20011

List Price: $549,990

This is in 16th Street Heights.  The price is way too high.  I think I have posted this on the blog 3 or 4 times now.  This seller needs a reality check.  A cash offer with quick close in the low $400's is what it will probably take to get this one.  Renovated it would sell in mid $600's.

 

3314 New Hampshire Ave NW, Washington, DC 20010

List Price: $345,000

Wells Fargo really underpriced this property.  It is available for owner occupants only.  It will get multiple offers.  This

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