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The Washington DC real estate market continues to be one of the strongest in the nation. It was a busy weekend out there at open houses in DC. While I was out showing buyers homes it was sometimes challenging to get them through the doors! I believe the warmer than usual weather as well as high demand due to very low interest rates is playing a big role in the high activity level. In my opinion the warm weather has created a earlier then ever spring boom in the Washington DC real estate market. The spring market looks like it will be a continuation of the current Washington DC real estate market with perhaps a little more inventory and a lot more demand. According to MRIS the Washington DC real estate market inventory level in January was down 27.59% from…

Petworth short sales are a great opportunity for homeowners and investors to buy property at a discount but the risks need to be understood.  The biggest risk with purchasing a short sale is the time that it takes to go to settlement.  The time that it takes to close a short sale can easily exceed 90 days from the time the seller accepts your offer.  Buyers that are on a time crunch may not be able to purchase a short sale because of this.  If you need to move by a specific date, then you should consider a regular sale or perhaps a foreclosure.  A foreclosure sale can also have delays which are usually related to title. 

There are 15 Petworth short sales currently on the market.  The price range of these properties is from $75,000 to $425,000.  There…