The D.C. Real Estate Guide

Every week, The D.C. Real Estate Guide focuses on a Washington, D.C. neighborhood for the weekly Neighborhood Spotlight, which provides neighborhood information on location, shops and restaurants, public services, and real estate statistics. This weeks Neighborhood Spotlight focuses on Palisades.

Check out the recent article from Bankrate.com dealing with the new legislation that makes mortgage insurance fully deductible in 2007

If you are planning to buy property with less than 20% down, new legislation can save you money. Lenders often require purchasers to take out a mortgage insurance policy for loans larger than 80% of the sales price. Check out the recent article from Bankrate.com dealing with the new legislation that makes mortgage insurance fully deductible in 2007. Click here to read article. The article explains the new legislation, mortgage insurance, piggy-back loans, and important caveats to the new legislation. The following content summarizes the article:

Are you a property owner or a first-time homebuyer? The District of Columbia offers several programs to assist property owners and first-time homebuyers; however, many eligible people aren’t aware of these programs. With some research, you can find all of the Distrcit of Columbia real property tax relief and tax credit programs.

“Don’t think of the market in terms of good/bad or buyer’s/seller’s market. Think of it as ‘what strategy can I employ to have a succesfull real estate transaction based on the current market conditions?”

Have you ever asked a real estate agent, “How is the Market?” Well, the answer to this question is it a little more complicated than the generic “good/ bad” or “buyer’s/seller’s market” answer people often receive; however, the answer is only a few stats away.

If you are considering renting out a room, basement, or entire unit, there are several laws you need to know about to avoid fines and even jail time.

If you are considering renting out a room, basement, or entire unit for some additional income, there are several laws you must know about to avoid a sticky situation down the road, including a tenant that refuses to leave when you are trying to sell, fines, and even jail time! DC Landlord/Tenant Laws address the proper procedure regarding receipts, security deposits, inspections, evictions, the sale of rental units, etc.