First Time Home Buyer

good investment in Kenwood Forest
Bethesda Condos

Kenwood House and Kenwood Forest – 2 Great Choices

Kenwood House and Kenwood Forest are just a half mile apart in a beautiful setting of green spaces and cherry trees.  The two communities both offer easy access to downtown Bethesda and northwest Washington with lots of restaurants, shops and transportation. The two communities are different in their architectural style and legal structure, making them

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Bethesda Condos

The Riviera in Chevy Chase – Affordable, Metro Easy!

Why Choose the Riviera? The Riviera in Chevy Chase is perfect if you are a first-time homebuyer with a limited budget. One bedrooms in 2025 are less than $275,000 and there is a two bedroom for $329,000.   The Riviera is fabulous if you are ready to downsize from your big family house! The Riviera

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condos can be perfect first homes
Bethesda Condos

Condos Can Be Perfect First Homes

Condos can be perfect first homes if you feel that the price of a single family home is too expensive. Condos frequently are more affordable than single family houses so that you can start to build equity and enjoy the benefits of owning a home sooner.

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205 Down Payment not required
Buying

20% Down Payment is Not Required

A 20% down payment is not required! There are two big myths that keep some people fro trying to buy a home. One myth is that you have to put down a minimum of 20% down to buy a home. While a big down payment can be a great way to lower your mortgage payment and convince sellers that you’re serious about buying, coming up with 20% of a home’s purchase price can be difficult. The sad thing is that many people delay purchasing a home and starting to build that all important equity while mistakenly waiting to accumulate that magic 20% down payment.

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4 Reasons to buy a Condo
Bethesda Condos

Reasons to Buy A Condo

There are many reasons to buy a condo, but here are the top four! Popular with every homeowner—from first-time buyers to retirees—condos offer many advantages over a traditional stand-alone property.

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$500,000 starter home
Buying

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.

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What does the Sitzer/Burnett Verdict mean
Buying

This is the Time to Buy Your New Home!

This is the time to buy your new home! If you are thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and lots more. It’s hard to decide to jump into the market, but this is the time to buy your new home. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale. Just remember, the best time to buy a home is when you want one or when you need one!

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