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Found 2 blog entries tagged as "settlement".

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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Washington DC transfer and recordation taxes are part of your closing costs when buying or selling real estate.  Payment of Washington DC transfer and recordation taxes are typically split between buyer and seller.  Make sure you carefully exam your contract regarding who is paying the Washington DC transfer and recordation taxes.  Purchasers often ask the seller to pay part or all of their Washington DC transfer and recordation taxes.  Your lender should provide you with an estimated costs of closing.  The HUD-1 should be reviewed thoroughly before settlement to understand who is paying for these closing costs.  You can review a blank HUD-1 here.  The taxes will be written into your HUD-1 on lines 1201 through 1206 and you can review this at the time of…

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