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Found 3 blog entries tagged as "Financing".

Are you worried about the cost of a down payment on buying a property in Washington, DC? Well, there is a new initiative called the DC Open Doors Program that could be a huge help. It is open to anyone with a total income of less than $123,295, and all District neighborhoods are in play. DC realizes that the housing market has skyrocketed and the cost of making a down payment has become out of reach for many of those with a decent income. While DC Open Doors can help lower income buyers, it is just as geared towards helping middle income buyers with their down payments for FHA (Federal Housing Administration) loans. In addition to the salary cap, you must also have a credit score of 640 or above and not currently own a property, although it is not just…

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What are the steps to buy a home in DC? If you find yourself pondering this question, you may feel overwhelmed, but we’re here to help you through the process whether you would like to buy in Adams Morgan, Petworth, Arlington, Silver Spring, or another neighborhood in the DC area.

One of the first steps to buy a home in DC involves selecting a realtor to guide you in your home search. It’s important to enlist a real estate agent with experience in your market. This person will listen to your needs and desires about number of bedrooms and bathrooms, features, location, timing, budget, and more. Feel free to contact me as you begin your home buying adventure.

After establishing your budget with your lender, it’s time to start looking at homes.…

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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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