Buying a home is an exciting experience, but it can feel a bit overwhelming if you don’t have the right information. Check out these helpful resources about the home buying process. When you’re ready, give The Lise Howe Group a call at 240-401-5577 to tour available homes in the Montgomery County and Bethesda areas.
Most Expensive Home in DC for Sale
The most expensive home in DC is listed for sale for $29,950,000. It is the former Blaine Mansion located at 2000 Massachusetts Avenue with rear commercial space on P St. and 6 condos. A last-of-its-kind Gilded Age 7,000-square-foot mansion residence complements over 14,000 square feet of versatile income-generating commercial space within a stunning structure brimming with historical significance.
Farms in Montgomery County MD
Thinking About Moving to Chevy Chase?
Reasons to Buy A Condo
Real Estate Agent, Broker or Realtor – Explained
Real Estate Agent Broker or Realtor – you may work with one of these professionals when buying or selling a home. Though all of these real estate pros are licensed to help you buy, sell, or rent a home, they are distinct from one another, especially when it comes to their qualifications and which rung of the professional ladder they occupy. What is the difference between these agents? Which should you choose to protect your interests?
Should You Wait to Buy A Home?
Seven Questions To Understand ARMS
Here are seven questions to understand ARMS which you should ask your lender. If you’re shopping for a mortgage, you need to decide whether to choose one with a fixed or adjustable interest rate. Last year ajustable rate mortgages only accounted for 4% of mortgages in the US, but now they are as much as 10% of mortgages – a real reflection of the higher interest rates. Clearly, lots of buyers think the ARM Is a good option for home purchases in this market.
An Association Can Block Owners From Renting – Sometimes
An association can block owners from renting – Sometimes. Some homeowners’ associatons and co-op and condo boards have the authority to restrict owners from renting their property. Depending on the rules and regulations, when the homeowners’ association, coop and condo boards forbid owners from renting their units, owners may have no choice but to sell, even in a difficult market.
What is a $500000 Starter Home?
What is a $500000 starter home in the DC metro area? According to a front page article in the New York Times on September 25, 2022, a starter home in Denver Co in the 1990s was a two level house with three bedrooms and 1400 square feet or less. In the 1990s that starter home sold for $90,000 to $125,000. Now that home will cost approximately $500,000.
That made me wonder….. What do you get in the DC metro area for $500,000? Of course, in the DC metro area, there are lots of choices. Do you look in DC (trendy or trending)? Do you look in Montgomery County? How far out do you go into the suburbs? Do you look in Prince Georges County or perhaps you go to Northern Virginia?
For purposes of this search, I used the criteria that defined a starter home in Denver in the 1990s – a two level home with three bedrooms and less than 1400 square feet for no more than $500,000. Then I looked at the criteria without price restrictions to see what kind of house you can get with the same criteria but in a central location.