If you’re looking to find a two-bedroom condominium near the Walter Washington Convention Center, we can definitely help you in that process. We are experts in the area, as our brokerage is located just a couple miles north of the Convention Center. The building itself is a 2.3 million square foot complex with 77 rooms that opened in 2003. High-rise condos and condo conversions have sprung up left and right in the area since the Convention Center’s opening. You are basically looking at living in one of three neighborhoods in the District if you want to be near the Convention Center: Shaw, Mount Vernon Triangle, or Logan Circle. All three have seen a great rebirth since the turn of the 21st Century. Be sure to check out CityVista at 5th and K Streets NW.…
April 2014 RSS Feed
April 2014 Newsletter
Spring in the Nation’s Capital brings two certainties: cherry blossoms and more listings showing up on the real estate market. It has been quite the seller’s market over the winter, with a high demand and low supply of properties in the DC area. The sales price to original asking price is close to 100% right now. While we don’t foresee it turning into a buyer’s market anytime soon, there will be more listings coming available throughout the spring and summer.
Most well priced listings are seeing multiple offers. More often than not, the winning offer is above the seller’s asking price with very few, if any, contingencies. It’s commonplace in DC for purchasers to accept the property “as-is,” and many buyers are choosing to waive any financing,…
DC Increases Homestead Deduction
The Washington, DC Office of Tax and Revenue has increased the Homestead Deduction benefit for the second straight year! What does this mean for you as a homeowner in the District? To put it simply, your annual property taxable value with be reduced by an additional $596.70. That’s a jump in reduction from $69,100 to $70,200, which is taken off the assessed value of your room before calculating taxes. There are three stipulations:
1. You must own your property and use it as your primary residence.
2. The property must not include more than five residential units, including the owner’s.
3. Fill out an application!
To fill out an application, click here. If filed and approved by September 30th, the benefit will be extended to you for the second half of…
Buying a Short Sale
“What is a short sale?” Well, we’re glad you asked. First off, it is NOT a foreclosure. A short sale is different from a foreclosure in that the owner is still controlling the sale, not the bank. The seller is putting their home up for less than they owe on their mortgage. The process can take awhile, but it can be an asset both to buyers and sellers in certain situations. Real bargains can be found in short sales for buyers, and sellers can minimize their losses on a property without foreclosing. We are committed to helping both buyers and sellers with the short sale process. We have experience with short sales, which is extremely important in getting through it all smoothly. We also know and can recommend real estate attorneys and title experts who are…
136 Wilmington Place SE
A four-bedroom, two-and-a-half bath Cape Cod style house available under short sale. A short sale is different from a foreclosure in that the owner is still controlling the sale, not a bank. We are committed to helping both sellers and buyers with the process involved with short sales, especially in Southeast DC. If you’d like more information on short sales, please contact us and check out this great article.
This specific short sale, 136 Wilmington Place SE, is a detached home with three levels. It includes a finished basement and plenty of space at 1,384 square feet. The house stands on a corner property with a good-sized yard and a driveway for off-street parking. It features hardwood floors, a newer kitchen, and a brick fireplace. This home offers…