Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Friday, April 25, 2008
Feeling Nosy about DC? MD? VA?
New Life for Old Firehouse!
You know that old firehouse on North Capitol Street NW that you have passed a million times when you are driving north on North Capitol, it’s on the left just after North Cap and Florida intersect. There have been rumors about redevelopment of that firehouse for years. Many of my clients have asked me about it as well, and about a year ago when I called the city about it they told me that it was being sold by the city to a developer.
Well, good news about the old firehouse. I read in last weeks Washington Business Journal that the old firehouse is being redeveloped as a 3 level restaurant. Here is an artist rendition of what the firehouse will look like when it is complete:
(Michael@RealAstute.com)
Well, good news about the old firehouse. I read in last weeks Washington Business Journal that the old firehouse is being redeveloped as a 3 level restaurant. Here is an artist rendition of what the firehouse will look like when it is complete:
The firehouse is officially known as "Engine Co. 12 at 1626 North Capitol Street NW" and I drove past there earlier today and I am happy to report that dumpsters have been delivered and it appears they have begun demo of the inside.
The firehouse is in a great neighborhood known as Bloomingdale. I have been showing some amazing houses in Bloomingdale that feature the kind of architectural detail that the Hill offers, but for half the price! The Washington Post recently ran a nice piece about Bloomingdale titled "The Word is Out About Bloomingdale" which just about says it all! Click HERE to read the piece.
Of course, if you are interested in Bloomingdale, or any other part of the DC area, please don't hesitate to let me know and I am happy to show you some of the great deals that are on the market right now!
Michael(Michael@RealAstute.com)
Friday, April 18, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
A Showhouse is Created in Georgetown
In this week's Home and Garden Section of the Washington Post there was a great article (What We Saw at the Show House ) about the Design House recently completed in Georgetown. The house, at 3014 P St. NW, will be open Saturday through May 11. Hours are Tuesday to Friday, 10 a.m. to 3 p.m.; Saturday and Sunday, noon to 5 p.m. Tickets are $20; more information at http://www.dcdesignhouse.com. The house will also be one of 10 open for the annual Georgetown House Tour on April 26. Tickets for this one-day tour are $45; more information at http://www.georgetownhousetour.com.
If you go, let us know what you think!
Michael
(Michael@RealAstute.com)
If you go, let us know what you think!
Michael
(Michael@RealAstute.com)
Thursday, April 10, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Some Tips for Spring Cleaning
By Annie Groer
Washington Post Writer
Time To Clean
"Spring cleaning" seems such an archaic phrase, conjuring rug beating outdoors and hands-and-knees floor scrubbing indoors. How Victorian. How June Cleaver. How ugh. . . .
But every now and then, even our high-tech, 21st-century homes require more than routine (occasional?) bed making, dusting and dish washing.
Because "deep cleaning" can seem overwhelming -- think carpet shampooing, window washing, grout scrubbing -- we deconstructed the project into time-manageable chunks and scripted them around four real-life situations (with apologies for stereotyping mothers-in-law everywhere).
Then we sought experts to share their best ideas for each scenario (wash windows on a cloudy day, clean blinds with an old sock over your hand) and their favorite products (lots of credit goes to green, clean, white vinegar and baking soda).
So let's crank up the music and get to work. Cheryl Mendelson, author of the encyclopedic "Home Comforts: The Art and Science of Keeping House," assures us it will make us feel better because "order produces more order."
Interested? Read the entire Washington Post article...Time To Clean
Washington Post Writer
Time To Clean
"Spring cleaning" seems such an archaic phrase, conjuring rug beating outdoors and hands-and-knees floor scrubbing indoors. How Victorian. How June Cleaver. How ugh. . . .
But every now and then, even our high-tech, 21st-century homes require more than routine (occasional?) bed making, dusting and dish washing.
Because "deep cleaning" can seem overwhelming -- think carpet shampooing, window washing, grout scrubbing -- we deconstructed the project into time-manageable chunks and scripted them around four real-life situations (with apologies for stereotyping mothers-in-law everywhere).
Then we sought experts to share their best ideas for each scenario (wash windows on a cloudy day, clean blinds with an old sock over your hand) and their favorite products (lots of credit goes to green, clean, white vinegar and baking soda).
So let's crank up the music and get to work. Cheryl Mendelson, author of the encyclopedic "Home Comforts: The Art and Science of Keeping House," assures us it will make us feel better because "order produces more order."
Interested? Read the entire Washington Post article...Time To Clean
Thursday, April 03, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
HVAC that is "Art Cool"
This week I was at a home inspection in Chevy Chase DC. We had Jerry Kerwin from Home Air Services, Inc consult with our client on ways to improve the heating and air in the 3 level home.
To my amazement, LG Electronics is now making a large framed picture that quietly opens up and blows air.
You heard me right...a framed picture on the wall that serves as your HVAC! LG calls it "Art Cool" and I think I agree! Click here to check it out yourself
To my amazement, LG Electronics is now making a large framed picture that quietly opens up and blows air.
You heard me right...a framed picture on the wall that serves as your HVAC! LG calls it "Art Cool" and I think I agree! Click here to check it out yourself
Thursday, March 27, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Get Rid of it Event!
Our friends at Settlement Pros are hosting a GET RID OF IT EVENT!
This is a SHRED*, TRASH**, RECYCLE*** event for things you need to get rid of... Bring them your old papers, old computers, computer monitors and junk for the dump.
Please come on April 12 from 9-12 at the Settlement Pros office at 4719 Chestnut Street, Bethesda, Maryland.
*paper OK with staples, paperclips or binder clips; no cardboard
**no paint or hazardous materials
***limited to computer hardware and computer monitors
This is a SHRED*, TRASH**, RECYCLE*** event for things you need to get rid of... Bring them your old papers, old computers, computer monitors and junk for the dump.
Please come on April 12 from 9-12 at the Settlement Pros office at 4719 Chestnut Street, Bethesda, Maryland.
*paper OK with staples, paperclips or binder clips; no cardboard
**no paint or hazardous materials
***limited to computer hardware and computer monitors
Thursday, March 20, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Home Sweet Investment
March 18, 2008
Op-Ed Contributor
By ALEX TABARROK
Fairfax, VA
FEAR is ruling the financial markets. Billions of dollars have been lost in mortgage-related investments. The Federal Reserve worked madly over the weekend to engineer a takeover of Bear Stearns and avert a systemic meltdown. But the big fear remains. How low will house prices go?
If prices continue to fall, mortgage defaults will move well beyond the subprime sector. Trillions of dollars in losses for investors are not impossible. But that doesn’t mean they are inevitable.
In 1997, inflation-adjusted house prices were close to their average levels over the previous half-century. Only four years later, the price of the average home nationwide exceeded anything ever seen before in the United States. Prices continued to rise for another five years, peaking in 2006 at nearly twice the average price in 1997 (as can be seen on the graph on the bottom right, which is based on data collected by the Yale economist Robert Shiller). If house prices are heading back to the levels seen in 1997, then we are facing catastrophe.
But there are good reasons to believe that much of the increase in prices was a rational response to changes in fundamental factors like interest rates and supply. The deeper fundamentals continue to suggest strong housing prices for the future.
Sure, speculation did run rampant toward the end of the housing boom. (The debut of the reality television show “Flip That House” on Discovery Home Channel, followed shortly by “Flip This House” on A&E, was a clear sign that the boom’s end was near.) Prices will fall further, especially in the speculative developments built on the outskirts of the major cities. So yes, we overshot the fundamentals.
Still, especially in coastal areas where zoning regulations have restricted the supply of land that developers can build on, house prices were driven up by increasing population, low interest rates and strong economic growth.
More and more people want to live on the coasts, but land is hard to come by in places like Manhattan and San Francisco. Cities and regions built on ideas — like Boston, Los Angeles, New York and the San Francisco Bay Area — have grown even as areas built on manufacturing, like Detroit and the Rust Belt, have declined. And of course, government isn’t getting any smaller, so Washington and its suburbs, another hot spot of rising house prices during the boom, will continue to grow.
Even in places where land seems plentiful, zoning and other land-use regulations have made it scarce. To meet demand, we should encourage high-density development, but homeowners fought to restrict housing supply when house prices were increasing. Now that house prices are falling, the incentives of owners to restrict supply are even stronger.
Several studies estimate that the average house prices of 2004 were close to fundamental levels, so we may see prices stabilize near that level.
Granted, a catastrophe is not impossible — it did happen in Japan. House prices shot up in Japan in the late 1980s, and by 1999 they had collapsed. The graph on the top right, of Japanese and American house prices, does make for a worrying comparison. (The data come from the Standard & Poor’s/Case-Shiller national home price index and a similar index for Japan.)
But the resemblance isn’t as close as the graph makes it appear. The Japanese run-up in home prices was faster and reached higher levels than the one in the United States. In addition, the Japanese population at the time wasn’t growing, and today it’s shrinking. (None of the major presidential candidates favor drastic reductions in immigration, so population growth in the United States will continue.) As a result of these and other problems, the Japanese economy was moribund from 1992 to 2002, which kept housing prices low.
There are two very real problems for the housing market: tougher credit conditions and slower growth. Here the United States faces a self-fulfilling prophecy problem.
If the financial markets can predict where and when house prices will stabilize, then credit conditions can quickly return to normal, the economy can expand and house prices will indeed stabilize.
But if the financial markets remain uncertain about when the decline in house prices will end, then fear will tighten credit even further, which would strangle the housing market and generate even more fear.
We have nothing to fear but fear itself, but fear itself can be pretty scary. The best way to overcome fear is to look at the long run. The typical homebuyer keeps a home for 10 years or more, so there is time for those who bought in 2005 and 2006 to weather the current decline in prices. Those who bought at the top are unlikely to see any windfalls from house appreciation, but they will not necessarily suffer from buyers’ remorse. Owning a home has its advantages: the deduction on mortgage interest is substantial and too much of a sacred cow to ever be repealed, and there is a certain security and satisfaction to owning your own home.
The collapse of housing prices certainly feels painful, and for some homeowners, it will be. But the houses are still there, as good as ever. Most of the gains going up were paper gains, and most of the losses going down are paper losses.
The strength of an economy comes, fundamentally, from what it can produce. Can America still produce homes? Yes. Can America still produce desirable urban and suburban areas that people are willing to pay a fortune to live in? Yes.
That’s the real bottom line. The United States has some of the most valuable real estate in the world. Markets should not forget that.
Alex Tabarrok is a professor of economics at George Mason University and the research director for the Independent Institute.
Op-Ed Contributor
By ALEX TABARROK
Fairfax, VA
FEAR is ruling the financial markets. Billions of dollars have been lost in mortgage-related investments. The Federal Reserve worked madly over the weekend to engineer a takeover of Bear Stearns and avert a systemic meltdown. But the big fear remains. How low will house prices go?
If prices continue to fall, mortgage defaults will move well beyond the subprime sector. Trillions of dollars in losses for investors are not impossible. But that doesn’t mean they are inevitable.
In 1997, inflation-adjusted house prices were close to their average levels over the previous half-century. Only four years later, the price of the average home nationwide exceeded anything ever seen before in the United States. Prices continued to rise for another five years, peaking in 2006 at nearly twice the average price in 1997 (as can be seen on the graph on the bottom right, which is based on data collected by the Yale economist Robert Shiller). If house prices are heading back to the levels seen in 1997, then we are facing catastrophe.
But there are good reasons to believe that much of the increase in prices was a rational response to changes in fundamental factors like interest rates and supply. The deeper fundamentals continue to suggest strong housing prices for the future.
Sure, speculation did run rampant toward the end of the housing boom. (The debut of the reality television show “Flip That House” on Discovery Home Channel, followed shortly by “Flip This House” on A&E, was a clear sign that the boom’s end was near.) Prices will fall further, especially in the speculative developments built on the outskirts of the major cities. So yes, we overshot the fundamentals.
Still, especially in coastal areas where zoning regulations have restricted the supply of land that developers can build on, house prices were driven up by increasing population, low interest rates and strong economic growth.
More and more people want to live on the coasts, but land is hard to come by in places like Manhattan and San Francisco. Cities and regions built on ideas — like Boston, Los Angeles, New York and the San Francisco Bay Area — have grown even as areas built on manufacturing, like Detroit and the Rust Belt, have declined. And of course, government isn’t getting any smaller, so Washington and its suburbs, another hot spot of rising house prices during the boom, will continue to grow.
Even in places where land seems plentiful, zoning and other land-use regulations have made it scarce. To meet demand, we should encourage high-density development, but homeowners fought to restrict housing supply when house prices were increasing. Now that house prices are falling, the incentives of owners to restrict supply are even stronger.
Several studies estimate that the average house prices of 2004 were close to fundamental levels, so we may see prices stabilize near that level.
Granted, a catastrophe is not impossible — it did happen in Japan. House prices shot up in Japan in the late 1980s, and by 1999 they had collapsed. The graph on the top right, of Japanese and American house prices, does make for a worrying comparison. (The data come from the Standard & Poor’s/Case-Shiller national home price index and a similar index for Japan.)
But the resemblance isn’t as close as the graph makes it appear. The Japanese run-up in home prices was faster and reached higher levels than the one in the United States. In addition, the Japanese population at the time wasn’t growing, and today it’s shrinking. (None of the major presidential candidates favor drastic reductions in immigration, so population growth in the United States will continue.) As a result of these and other problems, the Japanese economy was moribund from 1992 to 2002, which kept housing prices low.
There are two very real problems for the housing market: tougher credit conditions and slower growth. Here the United States faces a self-fulfilling prophecy problem.
If the financial markets can predict where and when house prices will stabilize, then credit conditions can quickly return to normal, the economy can expand and house prices will indeed stabilize.
But if the financial markets remain uncertain about when the decline in house prices will end, then fear will tighten credit even further, which would strangle the housing market and generate even more fear.
We have nothing to fear but fear itself, but fear itself can be pretty scary. The best way to overcome fear is to look at the long run. The typical homebuyer keeps a home for 10 years or more, so there is time for those who bought in 2005 and 2006 to weather the current decline in prices. Those who bought at the top are unlikely to see any windfalls from house appreciation, but they will not necessarily suffer from buyers’ remorse. Owning a home has its advantages: the deduction on mortgage interest is substantial and too much of a sacred cow to ever be repealed, and there is a certain security and satisfaction to owning your own home.
The collapse of housing prices certainly feels painful, and for some homeowners, it will be. But the houses are still there, as good as ever. Most of the gains going up were paper gains, and most of the losses going down are paper losses.
The strength of an economy comes, fundamentally, from what it can produce. Can America still produce homes? Yes. Can America still produce desirable urban and suburban areas that people are willing to pay a fortune to live in? Yes.
That’s the real bottom line. The United States has some of the most valuable real estate in the world. Markets should not forget that.
Alex Tabarrok is a professor of economics at George Mason University and the research director for the Independent Institute.
Thursday, March 13, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Housing Fantasy Is The New Reality Television
Housing has long been viewed as an emotional investment. Along with the housing boom of the past 5 years, there has a been a boom in reality television shows. Remember This Old House with Bob Vila?
Housing has morphed into a national obsession. No surprise there.
Take a look at this week’s television schedule for HGTV. If we aren’t watching people decorate, we are watching them, sell, buy and flip houses.
Housing has morphed into a national obsession. No surprise there.
Take a look at this week’s television schedule for HGTV. If we aren’t watching people decorate, we are watching them, sell, buy and flip houses.
Friday, March 07, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
From our friend Tim Romp at First Heritage Mortgage
It was just announced that the FHA limit for the Greater Washington DC region has been increased to $729,750. This is excellent news for all of us.
Remember, FHA utilizes the same appraisal as a conventional loan and allows for as little as 3% downpayment and up to 6% seller concessions. The required 3% from the borrower can be a gift, though it cannot come from the seller.
FHA is the new subprime for low scoring borrowers as well as for those with little down. Borrowers with scores in the high 500’s are getting approved.
On the heels of the FHA good news announcement from earlier today, there’s more: The Fannie and Freddie Conforming loan limits have also been raised to $729,750. Check this out...
They’ve actually created a new category – “jumbo-conforming” – which is essentially a hybrid of the two previous designations.
We are just getting the information and do not yet have pricing, although I expect that to happen tomorrow, or Monday at the latest. This pertains to loans originated this month through the end of the year.
Clearly, this is some desperately needed good news for the real estate industry. Although details are sketchy, I wanted to keep you abreast of these new developments and will keep you informed as more news becomes available.
As always, I’m here to help you succeed and to answer your questions.
Tim Romp
Senior Loan Consultant
First Heritage Mortgage, LLC
an affiliate of George Mason Mortgage
202-409-1166 direct
240-223-1703 fax
tim@timromp.com
http://www.timromphomeloans.com/
Remember, FHA utilizes the same appraisal as a conventional loan and allows for as little as 3% downpayment and up to 6% seller concessions. The required 3% from the borrower can be a gift, though it cannot come from the seller.
FHA is the new subprime for low scoring borrowers as well as for those with little down. Borrowers with scores in the high 500’s are getting approved.
On the heels of the FHA good news announcement from earlier today, there’s more: The Fannie and Freddie Conforming loan limits have also been raised to $729,750. Check this out...
They’ve actually created a new category – “jumbo-conforming” – which is essentially a hybrid of the two previous designations.
We are just getting the information and do not yet have pricing, although I expect that to happen tomorrow, or Monday at the latest. This pertains to loans originated this month through the end of the year.
Clearly, this is some desperately needed good news for the real estate industry. Although details are sketchy, I wanted to keep you abreast of these new developments and will keep you informed as more news becomes available.
As always, I’m here to help you succeed and to answer your questions.
Tim Romp
Senior Loan Consultant
First Heritage Mortgage, LLC
an affiliate of George Mason Mortgage
202-409-1166 direct
240-223-1703 fax
tim@timromp.com
http://www.timromphomeloans.com/
Thursday, February 28, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
HGTV's "Sleep On It"
"Sleep On It" is a national half-our television show which airs on HGTV (Home & Garden Television).
It's a great opportunity for all parties involved (the seller, the home buyer and the realtor) but the best part is that the home buyers have a chance to spend the night in 1 of the 2 homes they are interested in purchasing. It's a great opportunity and a lot of fun!
The perk for home buyers is that you get a chance to spend the night in a home of your choice that you are interested in purchasing, testing out the neighborhood, the house itself and whether or not it suits your needs.
There is a small compensation for each party involved as they greatly appreciate everyone's time and efforts. It's a fun, high energy, reality show that offers a unique perspective on the real estate market nation-wide.
Overall, it takes 3 full days of shooting for home buyers. They do a 1/2 hour interview with the realtor & homeowners/sellers. The realtor also assists them with setting up/finding the homes for the home buyer. Ideally, the single family home prices should be in the range of $375,000-$550,000. The homes should also be vacant and staged or lightly furnished. If the homeowners currently live in the house, they'll provide a hotel stay for them during our shoot.
Edelman Productions has been producing award-winning programming for HGTV, The History Channel and The Food Network for over 10 years. A few of their shows include: Curb Appeal, Color Splash, Design to Sell, Design Remix, Decorating Cents, Double Take, House Detective, Landscape Smart, Ultimate Kitchens and Find Your Style to name a few.
They will begin shooting their second season of "Sleep On It" April 1st. Please feel free to forward this opportunity on to other realtors or homebuyers who may be interested. Also, if you have any clients that would be a great fit on the show and would be interested in this experience, please have them get in touch with me and I can forward the appropriate information.
Here is some recent press on the show.
"Sleep On It" airs Wednesday evenings @ 10:30pm on HGTV.
Enjoy!
kevin Shirley & Michael Dillon
Long & Foster Realty
kevin@RealAstute.com
202-547-9200
It's a great opportunity for all parties involved (the seller, the home buyer and the realtor) but the best part is that the home buyers have a chance to spend the night in 1 of the 2 homes they are interested in purchasing. It's a great opportunity and a lot of fun!
The perk for home buyers is that you get a chance to spend the night in a home of your choice that you are interested in purchasing, testing out the neighborhood, the house itself and whether or not it suits your needs.
There is a small compensation for each party involved as they greatly appreciate everyone's time and efforts. It's a fun, high energy, reality show that offers a unique perspective on the real estate market nation-wide.
Overall, it takes 3 full days of shooting for home buyers. They do a 1/2 hour interview with the realtor & homeowners/sellers. The realtor also assists them with setting up/finding the homes for the home buyer. Ideally, the single family home prices should be in the range of $375,000-$550,000. The homes should also be vacant and staged or lightly furnished. If the homeowners currently live in the house, they'll provide a hotel stay for them during our shoot.
Edelman Productions has been producing award-winning programming for HGTV, The History Channel and The Food Network for over 10 years. A few of their shows include: Curb Appeal, Color Splash, Design to Sell, Design Remix, Decorating Cents, Double Take, House Detective, Landscape Smart, Ultimate Kitchens and Find Your Style to name a few.
They will begin shooting their second season of "Sleep On It" April 1st. Please feel free to forward this opportunity on to other realtors or homebuyers who may be interested. Also, if you have any clients that would be a great fit on the show and would be interested in this experience, please have them get in touch with me and I can forward the appropriate information.
Here is some recent press on the show.
"Sleep On It" airs Wednesday evenings @ 10:30pm on HGTV.
Enjoy!
kevin Shirley & Michael Dillon
Long & Foster Realty
kevin@RealAstute.com
202-547-9200
Thursday, February 21, 2008
Feeling Nosy about DC? MD? VA?
Ok, I know you're probably not planning on moving this very second, but here's this week's list of interesting-looking listings that have just come on the market. Mind you, they may not actually be my personal listings --- just intriguing properties I've come across this week.
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
Feeling nosy about the District of Columbia?
Feeling nosy about Virginia?
Feeling nosy about Maryland?
If you know someone who might be interested in this list, please forward it on to him or her. And if there's a listing that you're curious about yourself, just let me know ... and I'll show it to you ... just for the hell of it ... no obligation ... *I promise*. Really. (One of the perks of being the friend of a real estate agent ought to be that you get to freely snoop around other peoples' homes!)
East Rental Rates for Investors
The most common question I get when working with investors is, "How much rent can I get for this place?" That is a touch question since rents often fly below the radar. Sometimes they are in the MLS, but often they are not. There is no tax database of rents like there is for sales. People put signs in the window of their rental house, rent it and never need to share the rental rate with anyone.
I can search the MLS for rents, but I usually also look on Craigslist.org and the Washington Post to see current rental comps in a given area.
I recently discovered a new website that really helps in the battle to figure out rental rates, it is http://www.zilpy.com/ and it is currently in BETA, or testing, mode.
I found the site really useful and fun. Plug in your own address and see if you agree with the rental rate they suggest. They locate comps in the immediate area and tag them on an easy to use Google map. I would not suggest using this as your sole method for determining rental rates, but I do thing it is another useful tool in that process.
Speaking of investment property, be sure to contact me if you have been thinking about picking some up, there are great deals out there right now! I am easy to reach at Michael@RealAstute.com or 202-369-9821.
I can search the MLS for rents, but I usually also look on Craigslist.org and the Washington Post to see current rental comps in a given area.
I recently discovered a new website that really helps in the battle to figure out rental rates, it is http://www.zilpy.com/ and it is currently in BETA, or testing, mode.
I found the site really useful and fun. Plug in your own address and see if you agree with the rental rate they suggest. They locate comps in the immediate area and tag them on an easy to use Google map. I would not suggest using this as your sole method for determining rental rates, but I do thing it is another useful tool in that process.
Speaking of investment property, be sure to contact me if you have been thinking about picking some up, there are great deals out there right now! I am easy to reach at Michael@RealAstute.com or 202-369-9821.
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