As with just about every other walk of life, the current COVID-19 situation is affecting real estate as well. As far as financial impacts, that remains to be seen—and it’s something we at DCRegionRealEstateNews.com are following diligently. We’re also watching other developments and are ready to serve any way we can. For home buyers, we are ready, willing and able to show … [Read more...] about Top 5 Safe Home Showing Practices Amid COVID-19 Take this critical step to prevail in a home bidding war.
Buying Tips
5 Things You Need to Know about Working With Lenders (#4 is Crucial) Take this critical step to prevail in a home bidding war.
If you’ve decided to hit the open houses and really look for that perfect home in the coming months, now is the time to start preparing yourself for the process. With the D.C.-area real estate market on the heels of a rather competitive 2019, you want to be sure you’re ready when you find—or even stumble upon—that perfect home. Although it’s not quite as fun as touring homes … [Read more...] about 5 Things You Need to Know about Working With Lenders (#4 is Crucial) Take this critical step to prevail in a home bidding war.
How Much Can You Afford? Take this critical step to prevail in a home bidding war.
At the start of the new year, and many soon-to-be first-time home buyers are gearing up for the big home search. The first question many of these buyers often want to know is: How much can I afford? That all depends on several variables. The first few considerations include how much cash is paid up-front, the transaction cost, and how much the buyer can afford as a monthly … [Read more...] about How Much Can You Afford? Take this critical step to prevail in a home bidding war.
Why We Ask for Written Buyer Agency Agreement
So, you're ready to start shopping for a new home! You meet with an agent, and the first thing he or she does is push a form in your face asking you to sign on the dotted line, committing you to work with them exclusively. It's annoying and you may want to walk, but it's actually in your best interest to have a written agreement when an agent is showing you … [Read more...] about Why We Ask for Written Buyer Agency Agreement
Lending Rule Changes Take Effect Monday
The Urban Turf offers some helpful information on new lending rules set to take effect on Oct 3: "What DC Homebuyers Need to Know Starting Monday. New home loan applications received on or after this Saturday will be subject to the Consumer Financial Protection Bureau’s final rule for TRID. TRID stands for TILA-RESPA Integrated Disclosures, forms that will replace existing … [Read more...] about Lending Rule Changes Take Effect Monday
