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Our top five reasons to buy now! 

Affordability:  Loan rates have been locked in by buyers as low as 4% in the past month.  Interest rates have climbed from around 3.5% last year to an average of 4.25% right now, and are predicted to continue to slowly climb.

It’s a better investment than renting:  The average rent per one bedroom is $1,850 in a neighborhood like Adams Morgan. The average sales price in that neighborhood is $578,774.00  With a 4% interest rate on a conventional loan and putting 20% down, the monthly mortgage payment is $2,210.41. The year-over-year increase in sales price is 20% in that neighborhood! If sales continue on that trend the same home could be sold for $694,528.80 next year.

Long-term growth potential:  The…

5006 5TH ST NW, WASHINGTON, DC 20011

List Price: $324,900

This is an attached row home in the Petworth neighborhood.  The home is near the corner of Farragut St NW and 5th St NW.  Great price for the square foot.  Parking pad in rear with small yard.  Needs work.  Investors or homeowner looking to renovate would be ideal buyers for this property. 

2115 3RD ST NE, WASHINGTON, DC 20002

List Price: $299,000

This 1,917 square foot home in Eckington is reasonably priced.  The home is occupied by a tenant but listings says tenant is cooperative.  This is an affordable price for DC now.  Buy and hold or by and move in. 

4019 SOUTH DAKOTA AVE NE, WASHINGTON, DC 20018

List Price: $239,900

This is a great price for a foreclosure in Northeast DC. …

2012 OTIS ST NE, WASHINGTON, DC 20018

List Price: $319,000

This is a short sale in the Michigan Park neighborhood of NE DC.  $319K is a reasonable price to pay for a single family over there.  Homes in this area have sold for as much as $500K.  Area has a ton of up side. 

4922 7TH ST NW, WASHINGTON, DC 20011

List Price: $280,000

This is another short sale opportunity in Petworth.  This home has been on and off the market a few times.  Homes just like it are selling for $499K fixed up.  If you keep the costs down this is a good investment.  Will have to wait for the short sale approval. 

324 DOUGLAS ST NE, WASHINGTON, DC 20002

List Price: $280,000

Affordable option close to the Rhode Island Metro station.  Good buy and hold property while…