Posts under Tag: buyers
Rent or Buy? How to Pick the Right Neighborhood?

New to the area? Are you trying to decide whether to rent or buy your home right now. This is a frequently asked question, and your answer depends on more than just the market: your life, your vision and your commitment to the area.

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How to Sell Your House Quickly

Are you like many sellers who want to know how to sell their homes in Bethesda, North west Washington, or McLean quickly and for top dollar? Unfortunately, there is no magic potion that guarantees 100 percent success, but there are certain factors that affect how quickly and for how much your home sells. If you need help implementing any of these, just give the Lise Howe Team a call.

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What’s New in Old Town

Everyone knows that Old Town Alexandria is a perfect blend of historical authenticity and urban sophistication along the Potomac River. George Washington, Civil War General Robert E. Lee, Jim Morrison, and Mama Cass Elliott called Alexandria home and the city still attracts visitors from near and far to enjoy this historic city. Since it was established in 1749, Alexandria has been a tobacco trading post, one of the ten busiest ports in America, a part of the District of Columbia, home to both the largest slave-trading firm in the country and a large free-black community, a Civil War supply center for Union troops, and a street-car suburb for Federal workers. Even though Old Town is known as a historic site, there are lots of new shops, restaurants, and events to draw you back to those cobblestoned streets!

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DuPont Has Us Spinning in Circles

Are you missing the snowball fights of last winter? Looking for information about Dupont Circle? Listings? History of the city? Best restaurants and shops? The Lise Howe Team is here with all that and more! Did you know that the history of Dupont Circle is not as old as the rest of the city? and that it wasn’t even called Dupont Circle originally? It was supposed to be called Pacific Circle! The intersection of Massachusetts, Connecticut, and New Hampshire Avenues with Nineteenth and P Streets was there on Pierre L’Enfant’s 1791 plan for the city, but the land that is Dupont Circle today was not part of the original purchase of land by George Washington for the Federal City.

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What do homebuyers want? According to a Trulia survey, buyers have some very firm ideas about what they are looking for when hiring a real estate agent. Honesty and credibility, area familiarity, good follow through, organization and good listening skills were important to buyers.

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It is not enough to get the Bethesda home for sale under contract with that pre-approval letter from your lender. You have to keep your credit intact between your initial loan application and settlement to close on the DC condo. Buyers, and not just first time home buyers, commonly do things that jeopardize the safe and timely close of their mortgage loans because no one ever told them about the bomb craters out there waiting to derail their settlement. The “don’t do” list includes several things that adversely impact credit scores, and your lender may run your credit more than once, so keep it pristine – at least until after settlement!

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What Does the Appraisal Have to Do with Sales Price?

Now that your home is under contract, it still has to appraise for the sale price. It is very important to understand how a real estate appraisal can affect your real estate transaction as you move forward toward settlement. An appraisal is an estimation of a property’s value in relation to other homes for sale in Bethesda. It is primarily used by mortgage lending institutions to assure them that there is sufficient value in the property to cover the amount that a buyer will be borrowing. We are lucky in Bethesda, Chevy Chase, and other areas close in to DC. There are not many foreclosures for sale in Bethesda or Chevy Chase. Most buyers, including first time home buyers, are well qualified.

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A Fresh Coat of Paint- But What Color to Choose?
Willett Parkway in Soft Olive Green

If you are getting your home ready to put on the market this year, you are probably considering a fresh coat of paint for at least some of the rooms because new paint is one of the least expensive ways to revitalize a property for sale. Then the crisis sets in – what color will make your home stand out from the competition? What color will make your home seem fresh and stylish.

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There might be a little bit of good news on the horizon according to the Mortgage Bankers Association (MBA). The MBA quarterly National Delinquency Survey revealed that the percentage of homeowners with mortgages who were in foreclosure or seriously delinquent fell during the first three months of the year, and improvement in the performance of loans taken out from 2005-07 suggests a sustainable trend.

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Bad news is coming! The federal government has proposed new mortgage finance rules which would limit the best available interest rates and terms to home buyers who can afford a minimum 20 percent down payment on a conventional loan. This is obviously very bad news for first-time and moderate-income buyers who can’t come up with that much cash or afford to pay higher rates.

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