Want the inside scoop?

We promise to only send you helpful information about how to make your home search easier, more fun, and stress-free.

THE LATEST HOME BUYING NEWS

Once you’re under contract to buy a home, you want the final stages of the mortgage process to go smoothly – you don’t want anything to sidetrack the sale from here on out!

Nothing is a done deal yet even when you’re under contract. Both your future home’s appraisal and your ability to lock in a good mortgage rate can affect the outcome of your purchase.

So here’s what you need to keep in mind when you reach this stage.

Continue Reading »

You’ve done it … you found the home you want to buy! Now you’re ready to make an offer and tackle some of the next steps that will make you a homeowner. Here are some smart tips on getting a home for a price you’re happy with in the end.

Continue Reading »

This is the sixth article in our series called, Buying a Home 101: Everything You Didn’t Know You Needed to Know Before You Buy Your First Home. This step-by-step series will take you through the entire home-buying process — from finding a buyer’s agent to settlement day, and even to maintaining your home after you’re […]

Continue Reading »

Today’s mortgages are not “one-size-fits-all.” That means you’ve got lots of options out there that could fit your budget and finances. This is good news for many home buyers like you!

Once your mortgage situation is all set, you’ll be in a much better position to negotiate with the sellers and move forward on a purchase. Here’s what you need to keep in mind:

Continue Reading »

Join Dwell for FOUR Open Houses this Weekend!

1718 P St. NW Unit #3 Washington, DC 20036
Open House 1-3

1414 Belmont St. NW #312 Washington, DC 20009
Open House 1-3

2500 N Van Dorn #1021 Alexandria, VA 22302
Open House 1-4

1415 Downing St NE Washington, DC 20018
Open House 12-3

Continue Reading »

2500 N Van Dorn #1021
Alexandria, VA 22302
2 Bedrooms, 2 Bathrooms
1,037 Square Ft.
$209,900

Beautiful 2 bedroom, 2 bath condo on the 10th floor at pet-friendly Park Place in Alexandria.  Updated kitchen, brand new flooring throughout & fresh paint! Enjoy spectacular views of the Air Force Memorial and Washington Monument from the large, private balcony.  Large master bedroom […]

Continue Reading »

1415 Downing St NE
Washington, DC 20018
3 Bedrooms, 3 Bathrooms
1,584 Square Ft.
$574,000

You’ll fall in love with this tasteful and complete rehab with appointed original details and a touch of added modern luxury throughout. Many unique features and custom design elements make this home one-of-a-kind artisan’s masterpiece.

Continue Reading »

This is the fourth article in our series called, Buying a Home 101: Everything You Didn’t Know You Needed to Know Before You Buy Your First Home. This step-by-step series will take you through the entire home-buying process — from finding a buyer’s agent to settlement day, and even to maintaining your home after you’re […]

Continue Reading »

One of the biggest mistakes many homebuyers make is not knowing how much they can REALLY afford when purchasing a home. Stop right there before you make the same mistakes!

We’re going to show you the correct way to do the math so that you get a mortgage you can afford and, ultimately, a home you absolutely love on your budget. You won’t be “house poor” and you won’t shortchange yourself either.

Here’s how:

Continue Reading »

Join Dwell for TWO Open Houses this Weekend!

Bright, Beautiful, And a Block from Dupont Circle!
Sunday 1-3
1718 P St. NW Unit #3

Hip Pad in a Happening Location
Sunday 2-4
1414 Belmont St. NW #312

Continue Reading »

This is the second article in our series called, Buying a Home 101. This step-by-step series will take you through the entire home-buying process — from finding a buyer’s agent to settlement day, and even to maintaining your home after you’re all moved in. Make sure to tune in every week! 
Before you start looking […]

Continue Reading »

Join Dwell for TWO Open Houses this Weekend: 1-3pm!

Continue Reading »

This is the second article in a series called, Buying a Home 101: Everything You Didn’t Know You Needed to Know Before You Buy Your First Home. This step-by-step series will take you through the entire home-buying process — from finding a buyer’s agent to settlement day,  plus a bonus section on maintaining your home […]

Continue Reading »

2500 N Van Dorn #425
Alexandria, VA
2 Bedrooms, 2 Bathrooms
1,042 Square Ft.
$199,900

Beautiful 2 bedroom/2 bath condo on the 4th floor at pet-friendly Park Place in Alexandria. Natural light fills this freshly painted and updated condo with large balcony. Large master bedroom has an attached bath and walk-in closet with Elfa closet system. Large 2nd bedroom provides […]

Continue Reading »

1414 Belmont St. NW #312
Washington, DC 20009
1 Bedroom, 1 Bathroom
610 Square Ft.
$415,000
$312.18/month condo fee

On the third floor of the stylish Solea Building on the corner of Florida Ave and 14th Street is where you’ll find this fabulous 1-bedroom condo. Beautiful hardwood floors, tall ceilings, huge windows, tons of kitchen storage, and a massive walk-in closet […]

Continue Reading »

If you’ve been thinking about buying a home and are just not sure of the steps involved or even where to start, then our new weekly series Buying a Home 101 is a MUST read for you.

It’ll keep you informed and up-to-date on the entire home-buying process from beginning to end, one bite-sized chunk at a time.

Continue Reading »

4508 34th St. S
Arlington, VA 22206
2 Bedrooms, 2 Bathrooms
1,500 Square Ft.
$494,900

Natural light fills this renovated Clarendon end-unit Townhome.  Highlights include spectacular views, abundant green space and easy access to tennis courts, tot lot & community pool.  Entertain your friends and family in your open concept, completely remodeled kitchen with granite countertops, island, stainless steel appliances […]

Continue Reading »

4245 32nd Rd. S

Arlington, VA 22206
2 Bedroom, 2 Bathrooms
1,500 Square Ft.
$469,900

Stunning 3 level, 2 BR, 2 Bath full-sized Clarendon Townhome with Silestone kitchen counters & high-end stainless steel appliances.  Custom cabinets and ceramic tile complete this gourmet kitchen.  Gorgeous modern bathrooms create perfect Zen space.  Hardwood floors through the living and dining rooms and the […]

Continue Reading »

First-time buyers in DC could save thousands of dollars in closing costs starting October 1st! Learn how an amendment to the DC Deed Recordation Tax Act could benefit YOU!

Continue Reading »

1718 P St. NW
Unit #3
Washington, DC 20036
1 Bedroom, 1 Bathroom
733 Square Ft.
$415,000

Continue Reading »

1415 Girard St. NW #201
Washington, DC 20009
1 Bedroom, 1 Bathroom
697 Square Ft.
Co-Op Fee: $429

Continue Reading »

1010 Massachusetts Ave. NW
Unit 309
Washington, DC 20001
1 Bedroom, 1 Bathroom
886 Square Ft.
$499,999

Less than a quarter mile from FOUR different metro stations, this one-bedroom condo on Massachusetts Ave is the PERFECT place for someone who wants to be in the middle of everything DC has to offer! And with the high-end stainless steel appliances in the […]

Continue Reading »

Whether you’re buying your first home, your next home or even refinancing, you need to avoid some risky actions that could hurt your credit score and, ultimately, block you from getting the mortgage you want.

Know these 10 Commandments and stick to them as you begin the home-buying process.

Continue Reading »

There’s one number — your credit score —  that could make or break your opportunity to become a homeowner. You need to take it seriously and stay on top of it well before you even think about buying a home.

Continue Reading »

As a potential buyer, you don’t want to mess up your credit score. But did you know that you might be doing just that? What you think is helping it could actually be hurting it! Here are three three common misconceptions that needlessly lower credit scores.

Continue Reading »

Seems counterintuitive, but it’s true. Most first-time buyers may not realize that having a credit card actually helps them buy a home.

How’s that you might ask? We’ll tell you!

Continue Reading »

Getting the best interest rate can be puzzling for many first-time buyers. It’s not as straightforward as getting that low rate you see advertised online.

You’ll get the lowest rate only if you figure out how to fit all these pieces together – fees, points, down payment, credit score, your specific home, your goals, and more.

Continue Reading »

Follow our 9-week series to learn how to get the best mortgage for your specific financial situation and goals.  We’ll take you through each and every step so you’ll know what to do before, during and after getting a mortgage.
This week you’ll learn all about Private Mortgage Insurance (PMI) and ways you can avoid this […]

Continue Reading »

Maybe you’ve seen a home that you love but it was more fixer-upper than move-in-ready. Dated kitchen, no central A/C or no open floor plan … but a location you just love.

Don’t cross it off your list! Whether you envision of big renovation or something on a smaller scare, there is a way to finance it.

Continue Reading »

Most buyers have heard scary stories about ARMs — adjustable rate mortgages — from family members or from headlines years ago.

In fact, depending on how long you plan on owning your first home, an ARM could be a cheaper and more affordable alternative for you than a fixed-rate mortgage. Find out why!

Continue Reading »

How to Get the Best Mortgage Series – Week 5
Follow our 9-week series to learn how to get the best mortgage for your specific financial situation and goals.  We’ll take you through each and every step so you’ll know what to do before, during and after getting a mortgage.
This week you’ll learn why the interest […]

Continue Reading »

How to Get the Best Mortgage Series  – Week 4
Follow our 9-week series to learn how to get the best mortgage for your specific financial situation and goals.  We’ll take you through each and every step so you’ll know what to do before, during and after getting a mortgage.
This week you’ll learn why your credit […]

Continue Reading »

4591 Perch Branch Way
Woodbridge, VA 22193
4 Bedrooms, 3.5 Bathrooms
1,898 Square Ft.
$274,900

Continue Reading »

4804 Fairfax Drive
Arlington, VA 22203
3 Bedrooms, 2 Bathrooms
1,230 Square Ft.
$684,900

OPEN SUNDAY 1-4PM!!

Continue Reading »

There are so many options these days that allow you to put less than 20% down and not pay monthly mortgage insurance. We can get you on the right track for what you need to do to make this happen.

Continue Reading »

542 Regent Place, NE
Washington, DC 20017
3 Bedrooms, 2.5 Bathrooms
1,665 Square Ft.
$749,900
Open House Sunday, May 14, 2017 from 2-4pm!

This 3-bedroom, 2.5 bathroom home is so meticulously renovated you’ll instantly fall in love. Upgrades include custom window treatments, hardwood floors throughout, completely renovated kitchen with stainless steel appliances and granite counters, and fully-integrated technology like surround sound […]

Continue Reading »

What you are going to pay each month is what matters most to your budget and is really what you should be focusing on with your lender and not what you could be pre-approved for by them.

That way you can ensure you get the very best mortgage for YOUR specific financial situation and housing goals.

Continue Reading »

This week’s article is all about what to say when you first contact a lender. And, guess what?! It’s not “How much can I be approved for?” No, no!

Most people can be approved for much more than they want to spend. We’ll teach you exactly what to say and how to say it to make sure you’re getting what you need before you start house hunting.

Continue Reading »

1233 I St. NE
Washington, DC 20002
3 Bedrooms, 1.5 Bathrooms
1,470 Square Ft.
$725,000

Open House Sunday, May 7th, 2017 from 1-3pm

Looking for a stylish and updated home just blocks from the fun restaurants and nightlife of H Street? Welcome home to 1233 I St. NE! This 3-bedroom, 1.5-bathroom rowhouse is updated with all the modern amenities you could want!

Continue Reading »

Beautiful 5 bedroom, 3.5 bath Colonial in the sought-after Newport Estates community.
2046 Hanson Lane
Woodbridge, VA 22191
5 Bedrooms, 3.5 Bathrooms
3,140 Square Ft.

Continue Reading »

Join Dwell for TWO Open Houses this Weekend: 1-3pm!

Continue Reading »

1201 East West Highway #236
Silver Spring, MD 20910
2 Bedrooms, 2 Bathrooms
$444,000
Rare TWO garage parking spaces
PRIVATE storage room in building
Open House Sunday, April 23 from 1-3pm!

You’ll instantly fall in love with this 2-bedroom, 2-bathroom condo in the heart of Silver Spring. It’s got the all space you need and location couldn’t be more perfect!

Continue Reading »

The option to rent your home to short-term renters is being debated intensely and we need YOUR help to make sure this benefit of being a homeowner does not disappear.

Continue Reading »

You’ll instantly fall in love with this traditional 2-3 bedroom, 2-bathroom Capitol Hill rowhouse with it’s gorgeous staircase and TWO great living spaces. It’s got all of the early 1900’s charm you’d expect with TONS great recent updates. Open House Sunday 1-3

Continue Reading »

The MCC program, launched in the District last year, helps eligible borrowers claim a Federal Tax Credit of 20% on the mortgage interest paid during each calendar year. You can apply for a MCC at the same time as your loan application with a participating lender.

Continue Reading »

 
Busy working on your 2016 taxes? Already done … good for you!
Either way, we thought it was a good time to highlight the tax benefits of homeownership.
Tax season isn’t a time to dread at all once you’re living in your own “home sweet home.”
Why?
Because of tax breaks that are exclusively for homeowners.

If you’re a current […]

Continue Reading »

Even though the overall economy is improving, the cost of borrowing will increase if mortgage rates start to tick up. And that’s where you’ll feel it most directly. Mortgage rates are still historically low, but even a 1 percentage difference can add an additional $50 or more to a monthly mortgage payment depending on the loan amount.

Continue Reading »

614 15th Street NE
Washington, DC 20002
1,450 Square Ft.
$724,900

In DC, Rowhouses are as iconic as the Capitol Building, and now you’ll be able to have a rowhouse of your very own! This beautiful home is just two blocks from the dozens of bars, restaurants and shops on H Street, so you won’t have to travel far […]

Continue Reading »

Is student loan debt holding you back from being a homeowner?
You’re not alone.
Many people feel the student loan debt pinch when it comes to buying a home.  One reason many people put off their home search is because they think they won’t be able to buy anything with the amount of student loans they have […]

Continue Reading »

3101 N Hampton Dr #610
Arlington, VA 22302
1 Bedroom, 1 Bathroom+Den
885 Square Ft.
Built in 2004

1BR/1BA with den luxury condo in North Hampton Place. Wood floors, fresh paint, brand new stainless steel appliances, granite counters, large master bath, gas fireplace & fantastic multi-use den. 1 garage parking space can fit two small cars & still has room […]

Continue Reading »

804 Taylor St. NW #403
Washington, DC 20011
2 Bedrooms, 2 Bathrooms
Condo Fee: $298.50/month
$485,000  (minus a zero interest, zero payment City First Homes recoverable grant of  $111,550) = payments as though this home is priced at $373,450!
Open House: Sunday, March 5 from 1-3 p.m. 

What makes this modern condo so affordable is the $111,550 grant received from City […]

Continue Reading »

Buying or selling in the DC metro market requires an understanding of not only the seasonal shifts in market activity but also the weekly flow of the market.
This ebb and flow is not quite so simple to understand at first, but after many years of seeing the same thing over and over again we started […]

Continue Reading »

The mild weather across the DC metro region last month could have helped play a role in the decade high numbers seen in the housing market. Both sellers and buyers were not snowbound this year and could actually connect and settle, making it a record January for both closed and pending sales.
Inventory, however, remains historically […]

Continue Reading »

When you buy a home these days, you don’t need to put 20% down.  That’s great news for many of you!
Whether you’re a first-time buyer or not, you can find great loan programs out there that accept a lower down payment without having to pay mortgage insurance.
So don’t feel like you have to pull out […]

Continue Reading »

Join Dwell for TWO Open Houses this Weekend: 1-3pm

Continue Reading »

1415 Girard St. NW #401
Washington, DC 20009
705 Square Ft.
Co-Op Fee: $429
$320,000 (minus a zero interest, zero payment City First Homes recoverable grant of  $66,700) = payments as though this home is priced at $253,300!

What makes this fully-renovated co-op so affordable is the $66,700 grant received from City First Homes. As a City First home, it’s available to any […]

Continue Reading »

1820 Clydesdale Place, NW #207
Washington, DC 20009
1 Bedroom, 1 Bathroom
$285,000

Nestled on a quiet street but just a stone’s throw away from both Columbia Heights AND Adams Morgan, this 1 bedroom co-op is everything  you’re looking for. Want to know more about Co-ops and how they are different than a condo?  Go here! 

Walking up the the stately brick […]

Continue Reading »

 
If you’re a buyer on a tight budget, your family may want to help you out on a home purchase.
If that’s the case, lucky you!  But, should you or shouldn’t you accept their help?
It’s something that many first-time buyers do welcome, especially if coming up with a down payment or qualifying for a lower interest […]

Continue Reading »

Condos are popular in the DC metro area because they tend to be more affordable, more attainable in this low-inventory market, and cater to buyers who want more ease and amenities in their daily lives.
Whether you’re a first-time buyer or ready to downsize from a single-family home, buying a condo unit is like buying into […]

Continue Reading »

A new year always brings with it new changes and new goals. And, could that mean a new home for you in 2017?!
We saw a recent CNBC article that said not buying a home is the single biggest mistake millennials are making. Don’t let that happen to you.
If you plan to put “buying a home” […]

Continue Reading »

If you’re a first-time buyer looking in the District, then 2017 will definitely be a Happy New Year — buying a home just got more affordable!
DC Mayor Muriel Bowser announced improvements to several housing programs that help newbie buyers purchase a home. These enhancements took effect on January 1.
With 50% more funding in FY2017, these […]

Continue Reading »

It’s that time of year when the “hustle and bustle” of the holidays begins in full force. You may feel like your to-do lists for decorating, shopping, and baking will never end!
We want you to have a safe and happy holiday season and that’s why we have one more “must-read” list that you should NOT […]

Continue Reading »

 
The holiday season just kicked off with one gift that homebuyers are going to love all next year — an increase in the DC metro’s conforming loan limit from $625,500 to $636,150.
The Federal Housing Finance Agency (FHFA) increased the national conforming loan limits for the first time since 2006, including a bump in baseline limits […]

Continue Reading »

2255 12th Place NW
Washington, DC 20009
2 Bedrooms, 1 Bathroom+Den
1090 Square Ft.
$699,900

Looking for a stylish and updated home just blocks from the fun nightlife of U Street? Welcome to 2255 12th Pl. NW. This 2 bedroom, 1 bathroom+ den rowhouse is updated with all the modern amenities you expect with the cool character of a classic DC rowhouse. […]

Continue Reading »

The DC metro housing market kicked off the fall season with some record high levels for closed sales and prices for the month of September. This good news offsets the decline in new and active listings, continuing the lack of robust inventory for buyers in the DC area.
Closed sales for the month of September were […]

Continue Reading »

2805 Arlington Blvd. #202
Cambridge Courts
Arlington, VA
2 Bed, 1 Bath
781 Square Ft.
$310,000

Updated 2 Bedroom 1 Bath Cambridge Courts condo in prime Arlington location! Live the good life in this charming 1940’s garden style condominium complex with large grassy courtyard. New gleaming hardwood floors, fresh paint & brand new carpet in both bedrooms. Perfect time to buy […]

Continue Reading »

Week 4 of our 4-part series — How to Find the Perfect Home for You and Your Budget
Taking that first step to buy your very first home can be scary and daunting. You want to find a home you will love but also afford. In our four-part “how-to” series for first-time buyers, you’ll learn what […]

Continue Reading »

Funky & Affordable in Petworth
804 Taylor St. NW #302
Washington, DC 20011
1 Bedroom plus Den, 1 Bathroom

Stylish and Perfectly-Located in Dupont/Adams Morgan
1827 Florida Ave. NW #403
Washington, DC 20009
1 Bedroom, 1 Bathroom

Continue Reading »

804 Taylor St. NW #302
Washington, DC 20011
1 Bedroom plus Den, 1 Bathroom
656 Square Ft.
Condo Fee: $240/month
Assigned Onsite Parking Space #P-4
$257,950 (With City First Grant – see below!)

 What makes this funky condo so affordable is the $77,050 grant received from City First Homes. As a City First home, it’s available to any buyer who makes less than […]

Continue Reading »

1827 Florida Ave. NW #403
Washington, DC 20009
1 Bedroom, 1 Bathroom
581 Square Ft.
$399,900

Located just a few blocks from Dupont Circle Metro and right on the way to Adams Morgan, this 1-bedroom, 1 bathroom loft has everything you need: a can’t-beat location, in-unit washer and dryer, completely updated eat-kitchen with tons of storage, a skylight, and a balcony […]

Continue Reading »

How to Find the Perfect Home for You and Your Budget:  Dwell Residential’s 4-Part Series for First-time Buyers
Week 3
Taking that first step to buy your very first home can be scary and daunting. You want to find a home you will love but also afford. In our new four-part “how-to” series for first-time buyers, you’ll […]

Continue Reading »

How to Find the Perfect Home for You and Your Budget:  Dwell Residential’s 4-Part Series for First-time Buyers
Week 2
Taking that first step to buy your very first home can be scary and daunting. You want to find a home you will love but also afford. In our new four-part “how-to” series for first-time buyers, you’ll […]

Continue Reading »

4850 28th St. South #A
Fairlington Villages
Arlington, VA
2 Bedrooms, 2 Bathrooms
1,383 Square Ft.
Built 1944
$439,900
Open House: Sunday, September 18 1-4pm

Fairlington Villages Perfection!! Ever wanted to move into an HGTV property?? Here’s your chance. This 3-level Clarendon model has been meticulously updated from top to bottom. Refinished original hardwood floors throughout, professionally painted and all door hardware replaced. […]

Continue Reading »

6509 Potomac Ave #B1
Alexandria, VA
2 Bedrooms, 1 Bathroom
793 Square Ft.
Built 1950
$259,900

Renovated 2BR/1BA condo in the sought-after Belle View Condominium community – Pinterest-worthy open-concept kitchen & updated bath, wood floors & soaring ceilings. New HVAC, windows, electrical panel & recessed lighting. Unbeatable location – steps to pool, tennis, Belle View Shopping Center, Potomac River & Mt […]

Continue Reading »

How to Find the Perfect Home for You and Your Budget:  Dwell Residential’s 4-Part Series for First-time Buyers
Taking that first step to buy your very first home can be scary and daunting. You want to find a home you will love but also afford. In our new four-part “how-to” series for first time buyers, you’ll […]

Continue Reading »

We all see the mortgage interest rates on television, the Internet or in the news. But, most of these are just marketing rates – they’re used to give you a general idea and to get you interested. The bottom line is, every loan scenario is unique which means you might get a different interest rate than […]

Continue Reading »

You’re ready to trade up to a new home and can’t decide what to do first: Sell your current home first and use the proceeds to buy a new home OR buy your new home first and hope your current home sells in a timely manner.
It’s a tricky dilemma since you don’t want to end up […]

Continue Reading »

As a buyer do you find yourself “wanting to see everything” in your price range or “needing to look at just one more house or condo”?
You may truly believe that having a wide selection of homes to choose from is the only way to find one you love. Guess what? It’s a proven fact that […]

Continue Reading »

No home sale is every final until you get to settlement. That is a fact and explains why real estate signs say “Contract Pending” before being replaced with “Sold.”
There’s a lot that goes on after a buyer’s offer is accepted by the seller. And a key factor in getting to closing day is the home […]

Continue Reading »

3551 S Stafford Street Unit B1
Arlington, VA 22206
$254,900
Welcome to 3551 S Stafford Street!  This 1 bedroom, 1 bath condo sits in a prime Fairlington Glen location; situated in a quiet courtyard, yet close to everything!  Updates throughout including, furnace, water heater, washer & dryer, windows, flooring, ceilings (no more popcorn!!), outlets & switches AND all […]

Continue Reading »

Our local DC market rocked it last month with record-breaking numbers for prices, closed sales, and new contracts. June is typically at the end of the busy spring selling season, just before the summer lull.  But this June did not disappoint and kept up the momentum in several key housing categories. Inventory, however, was low […]

Continue Reading »

1631 F St. NE
Washington, DC 20002
4 Bedroom, 3 1/2 Bath
2148 Square Ft.
$625,000

You’ll absolutely fall in love with this 4 bedroom, 3 1/2 bath home, featuring a fully-updated kitchen, open living floor plan, TWO master bedrooms with en suites, beautiful hardwood floors, and a huge walk-in closet. What’s not to love?

Nested on a quiet street on a […]

Continue Reading »

804 Taylor Street, NW #301
Washington DC, 20011
2 Bedroom, 2 Bathroom
Condo Fee: $315/month
Assigned Onsite Parking Space #P-3
$485,000 (minus a zero interest, zero payment City First Homes recoverable grant of  $125,000) = payments as though this home is priced at $360,000!

 Welcome home to this stylish and cozy 2 bedroom, 2 bathroom condo, just 4 blocks from the Georgia […]

Continue Reading »

 
Buying or selling in the DC metro market means becoming attune to the seasonal shifts in market activity. Whether you’re listing a home or searching for one, you need to change tactics depending on the time of year.
Spring is the busiest and most active time of year. It’s considered a market windfall for most of […]

Continue Reading »

 
Last month saw the local housing market buzzing with lots of activity and record-breaking gains despite all the rain we experienced. Closed and pending sales in May exceeded previous months’ numbers, but the area did see a slowdown in the number of new and active listings.
The stronger sales numbers compared to one year ago and […]

Continue Reading »

3328 South Wakefield Street #B
Arlington, VA 22206
1,500 Square Ft.
$449,000
Beautiful 1500 square foot Clarendon townhome in Fairlington Commons! Live the good life in this prime location directly across from grassy common area, playground & swimming pool PLUS park directly in front of unit! Gorgeous original hardwood floors, new windows (with lifetime warranty), custom blinds and fantastic […]

Continue Reading »

251 14th St SE
Washington, DC 20003
2 Bedroom, 2 Bathrooms
Price: $485,000
Low Condo Fee of $211.11 per month

Welcome home to 251 14th St. SE, an adorable condo with great outdoor space AND parking!!
This beautiful 2-bedroom comes with a washer/dryer combo, two bathrooms, a huge walk-in closet off the master, and TWO patios. Got a car? No problem! This […]

Continue Reading »

 
Closing on a home just got more expensive in Montgomery County. If you’re planning to buy or sell there anytime soon, then keep on reading to avoid any unexpected surprises at settlement!
Both buyers and sellers will face new costs due to an increase in recordation taxes. This tax payment takes effect on September 1 and […]

Continue Reading »

 
April showered the DC metro area with market stats that should bring sunny and optimistic smiles to most buyers and sellers! The region saw some decade high levels for prices, closed sales, and new contracts for the month of April.
These recent statistics show how the local housing market is more robust and steadily improving with […]

Continue Reading »

 
Are you a would-be buyer who doesn’t think you can afford to purchase where you rent? Well, things could get more affordable and less restrictive in the District with recent reforms to the DC Zoning Code.
After nearly 8 years of review, the Zoning Code was updated earlier this year by the DC Zoning Commission. The […]

Continue Reading »

The DC Metro real estate market had its own version of “March Madness” with increases in sales, new listings and inventories.  According to an analysis by RealEstate Business Intelligence (RBI), the March housing market achieved some new highs in several key measurements, demonstrating continued strength and confidence. Despite a slight drop in overall median sales […]

Continue Reading »

You’ve found THE perfect home to purchase and now you want to make the right offer to convince the seller to say “yes.” Keep in mind, there’s more to it than the offer price!
Even if your price is competitive, you should still use other strategies to make you and your entire offer much more desirable […]

Continue Reading »

Buying a home, especially if it’s your first time, can be complex and confusing at times.  But, you are not alone!
The questions swirling around in your mind are likely the same ones that every buyer wants to ask too. You want to make sure you don’t do something wrong, right? Or, you might worry that […]

Continue Reading »

The DC metro real estate market “righted” itself in February after experiencing weather-related declines during the previous month. With the snow melting away, the region saw more activity in contracts, listings, and sales, according to data analyzed by RealEstate Business Intelligence (RBI).
Buyers and sellers could breathe a sigh of relief as the apparent dip in […]

Continue Reading »

Where you live affects everything about your lifestyle. Every. Single. Day.
Read the above statement again and let it sink in.
Why? Because we truly believe finding a location that matches your wants and needs is so critical to your happiness in your home and your daily life.
Think about this … you can always change or alter […]

Continue Reading »

Now that tax time is just around the corner, we wanted to remind you of all the great tax benefits you can take advantage of as a homeowner. It’s one of the best perks of owning a home!
If you’re not a homeowner yet, these tax benefits could make buying a home more affordable for you. […]

Continue Reading »

A home warranty can sound like a great idea but is it really worth it?
They have gotten a bad rap in the past, but like any warranty or “insurance” policy, the upfront cost can be worth it when you need it! You just never know when you’ll face unexpected (and costly!) repairs or replacements for […]

Continue Reading »

The January snowstorm forced the DC metro market to retreat to the toasty indoors, most likely causing the month’s slow down in contract and listing activities for the first time in over a year.
Despite these snow days, closed sales still remained strong and were up in all property segments, according to an analysis of January […]

Continue Reading »

 
Buyers in the past have primarily stayed put with a lender once they get pre-approved. Now new closing procedures will give them a better opportunity to comparison-shop loans at a later stage of the buying process.
Changes late last year to disclosure rules and transactions will give borrowers time to shop around and compare loan […]

Continue Reading »

Can you relate to this scenario: You’re ready to buy the perfect condo for your first home purchase.  And, all you need is FHA financing to make it come true since these loans permit lower down payments (3.5%) and lower FICO scores compared to conventional loans.
BUT… the condo building you want to buy into […]

Continue Reading »

Fannie Mae is responding to “how we live today” with its new program, HomeReady. Buyers blocked by traditional challenges on qualifying for a mortgage now have the opportunity to become homeowners.
Dealing with student loan debt? Not a problem with this program. Or, you’d like to use rental income from a basement apartment as part of […]

Continue Reading »

The DC metro area just finished up its best and strongest year since 2007, which was nearly 9 years ago!  The housing market finally broke through in 2015 to reach significant gains after steadily inching forward the last couple of years.
The big question is “What’s going to happen in 2016 – continued growth or a […]

Continue Reading »

The Federal Reserve raised their rate, but don’t panic! Let’s explain what the Fed rate is and how it affects the mortgage interest rate for your home.

The Fed raised their rate, not yours
The Federal Reserve voted unanimously to increase the Federal Funds Rate by .25% from zero, where it had been for the previous seven […]

Continue Reading »

Owning a home has always come with tax perks, but Virginia has just sweetened this usual “benefit of homeownership” with a new program called the Mortgage Credit Certificate (MCC). Eligible first-time buyers can receive a “dollar for dollar” credit through this program sponsored by the Virginia Housing Development Authority (VHDA).

Continue Reading »

This week’s topic takes you to the last stage of the mortgage process and how to “seal the deal” on the best interest rate. Here’s what you need to know about when and how to “lock in” your loan and our dirty little secret to guarantee you get the best interest rate out there! We’ll give you the basics first, and then share our own little-known secret in locking in the best rate.

Continue Reading »

This week you’ll learn why your credit score is one of the key factors that lenders look at to determine which mortgage products you’ll qualify for along with the interest rate they’ll offer you. Having a low credit score will limit your choices. But, there are options out there for some of you with bad credit, and ways you can work on increasing your score.

Continue Reading »

This week you’ll learn about your down payment options and how much cash you really need (or don’t need) to get the loan you want. A down payment does not have to be a roadblock to homeownership – there are so many options these days that allow you to put less than 20% down and not pay monthly mortgage insurance! Here’s your chance to find out what you need to do to get on the right track. You’ll be surprised how a down payment is no longer holding you back!

Continue Reading »

The DC metro housing market posted some highs that haven’t been seen in years, according to the analysis of June 2015 statistics by RealEstate Business Intelligence (RBI). Both buyers and sellers will benefit from these numbers, which indicate steady, positive growth in our market. What a great way to wrap up the spring selling season […]

Continue Reading »

For buyers who don’t have 20% to put down, lenders require mortgage insurance (MI). This extra payment with your mortgage is not ideal but it’s there to protect lenders in case you default on your loan (and it did allow you to purchase a home!)

There are several different ways to handle the mortgage insurance when you initially buy your home—you can pay it upfront in cash, which increases your closing costs; you can roll it into your loan, which increases your interest rate slightly; or you can decide to make it a part of your monthly payment.

Continue Reading »

Are you a little confused about the difference between a condominium and a cooperative? You’re not alone.

It’s easy to be confused since co-ops and condos do look similar from the outside, even have some of the same amenities, and day-to-day living is pretty comparable. However, they are very different when it comes to purchasing or selling.

Continue Reading »

If you’re thinking about buying a home, what pops up in your mind – excitement about living near your favorite coffee shop or gym, or anticipation of owning a home with awesome features, like space for a large flat-screen TV?

Continue Reading »

Spring selling season is “smelling like roses” for both buyers and sellers as the DC Metro housing market posts strong numbers again. It’s been a busy time with prices, contract activity, and inventory showing positive increases, according to an analysis of data from May by RealEstate Business Intelligence (RBI).

Continue Reading »

DC’s tenant-friendly laws just got a bit friendlier with the new requirement for landlords to give all potential renters a copy of the “DC Tenant Bill of Rights” (TBR). If you’re a landlord or a renter, get ready for the change this summer!

Continue Reading »

We get this question from both new clients who are about to buy their first home as well as clients that have owned their home for a while, “How long should I plan to hold on to my home before I sell?”

Whether you want to make a quick profit from the rising real estate prices in the DC area or you face an impending move out of state, it’s important to know how long you’ll need to commit to owning your home for all sorts of reasons.

Continue Reading »

The DC metro housing market experienced a strong April, continuing its positive direction with increases in sales, new contracts, and inventories in all market segments. Prices had a just a slight increase from last year at this time but marked their highest April level since 2007.

Continue Reading »

Many buyers make the mistake of not fully understanding how much they can REALLY afford when shopping for a home. They think more “big picture” when it comes to price range or purchase price, and just go along with what their lender says they can afford.

Continue Reading »

Moving from an apartment building to having a yard can be exciting. You’re already thinking about buying a grill and a fire pit and inviting your friends over for a beer. Just hold on … first review our tips about buying a home with a yard and then you can throw your party.

Continue Reading »

Do you know what you need to look out for when buying a home? If not, here are the top 5 things you need to consider so you can quickly move on to the next listing and not have any regrets.

Continue Reading »

You’re excited to go house hunting and want to find the “perfect” home, right?! Don’t let your excitement or desire for a home spur you to make any rash decisions or overlook some serious red flags. You don’t want a home you’ll regret buying, so carefully to weigh the pros and cons before making an offer.

Continue Reading »

Good news for the DC metro area as February market statistics show year-over-year (Y-O-Y) increases in all categories – sales, prices, new contracts, inventories, and days-on-market, according to the RealEstate Business Intelligence (RBI). The word “increase” seems to be the most prevalent one in the report, so buyers and sellers should both be happy!

Continue Reading »

Now that tax time is just around the corner, we wanted to remind you of all the great tax benefits you can take advantage of once you’re a homeowner. It makes homeownership more affordable!

These tax breaks that can shave off thousands of dollars from your IRS bill … but you need to be a homeowner first.

Continue Reading »

Be the “early bird” buyer who gets the home! With spring just weeks away, there’s no better time than now to start preparing to buy a home. You don’t want to be caught unprepared when the selling season is in full force.

Generally speaking, the largest amount of homes for sale is during the spring months, with the highest inventory towards the end of May. More homes, but more buyers to compete with!

Here’s what you need to do now to make yourself a viable buyer:

Continue Reading »

You are probably hearing a lot about off-market properties lately. There seems to be some confusion about whether they’re a good idea or a bad idea, so we wanted to clear this up for you.

Continue Reading »

You see and hear about interest rates online, on the radio, and TV. So when you call a mortgage lender, you expect to get the interest rate you heard about. Ninety-nine percent of the time, the interest rate you are seeing around town will not be the interest rate you get. Your particular situation, even if you have what lenders see as good credit, may actually be increasing your rate.

Here’s why:

Continue Reading »

The housing market for the DC metro area was off to a good start in January 2015, with recent year-over-year statistics showing increases in sales, prices, new contracts and inventories. January is usually a slow time of year for real estate with less activity than in December, but compared to other years it’s stronger, with new contracts at its highest January level since 2011.

Continue Reading »

Are you giving your credit score the attention it deserves? If you’re even thinking about buying a home or refinancing your current one in the near future, then you need to show it some love. Make sure you understand the ins and outs of your score and what you can do to make it more […]

Continue Reading »

The thought of owning a home can be scary the first time around. You hear “I told you so” stories about buyers making mistakes and being in debt. That someone didn’t know what to do when, have regrets or made the wrong decision because of lack of information.

Your first home purchase can be the most terrifying because you don’t know what you don’t know. Plus it’s the most important purchase because it will set up your financial options for the future. Buy right the first time and you get a ton of equity for the next home. Mess up and you’ll be one of the horror stories!

Continue Reading »

Until now, the lowest down payment option out there were 5% down. Well, you heard it here first, now you can put as little as 3% down and not have monthly mortgage insurance payments!
You may be asking, “Is this type of loan risky in some way?”
The answer is not at all! Here’s why: just like […]

Continue Reading »

In an effort to make responsible homeownership more accessible, the Federal Housing Administration (FHA) announced that it cut its fees. These savings will make purchasing a home much more affordable for thousands of Americans.

Continue Reading »

It’s a New Year, which means it’s time for some self-improvement! Nearly half of all Americans make New Year’s resolutions and it’s no surprise that many of those are money related. Being in good financial health is especially important when it comes to owning a home. Whether you are a soon to be first time home buyer or seasoned investor, it’s always good to make sure your finances are on the right track at least once a year.

Continue Reading »

In 2014, Dwell Residential Brokerage helped more people buy and sell their homes than any other small brokerage in Washington, DC!

Continue Reading »

This has been a very exciting year for real estate in DC, MD and VA! With one of the healthiest real estate markets in the country, desirable neighborhoods and “cool” inhabitants, we have to say that 2014 has been an outstanding year around here. As 2014 comes to an end and we ask ourselves the question, Where Do We Dwell? We are so grateful to live and work in such an amazing city!

Continue Reading »

The state of Maryland just brought some holiday cheer to homebuyers and sellers with its rollout of a new program that makes buying a home more affordable in certain areas of Prince George’s County. It’s like having Christmas, Hanukah and New Year’s all wrapped up into one appealing TriplePlay Initiative!

Continue Reading »

It’s that merry time of year when you’ll be busy shopping for gifts, baking gingerbread cookies, and looking for that Santa suit! Are you ready to decorate your home and get it all cozy for any out-of-town guests? Before you deck the halls, keep safety in mind and prevent any holiday hazards in your home, especially if you have children and pets.

Continue Reading »

It’s both exciting and a little scary to buy your first home. That feeling of nervousness is normal! But, there are a few mistakes you want to make sure you avoid when buying your first home to ensure that you are doing it “right” and then, fear not!

Continue Reading »

Finding a new home can be just one click away.

Online real estate sites make it so easy to search the market and get a feel for the kind of homes you want and can afford in a certain neighborhood.

Continue Reading »

The decision to become a homeowner is a very personal one, which means it should be decided by your personal situation and finances – NOT because everyone else around you is doing it. We cover the big questions to ask yourself and when it means the time is right for YOU.

Continue Reading »

Want to buy a home during the second half of the year? Although there is less inventory than the height of the spring selling season, you can still get a great house if your goal is to purchase a home before the end of this year!

Here are the six things you need to keep in mind if you are buying a home during the second half of the year.

Continue Reading »

Here at Dwell Residential Brokerage, we support educating everyone on the process of buying and owning a home, since it equips you with a better financial future and a happier home owning experience. That’s why we’re so excited about the new FHA program that grants an added financial incentive to learn!

Continue Reading »

Here at Dwell Residential, we believe an informed buyer is the best kind of buyer.

Our goal always is – and always will be – to give the information you need to help you make the best decisions when it comes to home buying.

Continue Reading »

If you’ve been house shopping, there’s at least one point in the searching for the home phase that you think, “There is nothing out there I would buy!” or “I’ll never be able to afford something nice and new”.
Truth is, a lot of buyers in the DC area have a hard time checking everything off their must-have list. Here’s the secret to having it all when it comes to house buying: If a home is in the price range you want and the location you want, you can make it look however you want. That’s right – every home starts with four walls. The differences all have to do with what the owners, current or past, have done to them.

Continue Reading »

MYTH #1: I should pay down my mortgage early.

FACT: Paying off your mortgage doesn’t change your monthly payment. Unless you’re aiming to pay off your entire mortgage early to avoid further interest costs, there are wiser places to put your money. You can’t get that money back unless you sell or pay to refinance, so […]

Continue Reading »

MYTH #1: This house is “THE ONE”.
FACT: As long as you have realistic goals, there is more than one house for you. Yes, a home can feel “special”, but you can also make homes feel special by making them your own. Homes come in all shapes, sizes, conditions and prices and no one home will […]

Continue Reading »

Open Houses have been a mainstay in real estate for over 50 years. The goal – to market and sell the home – has remained the same, but a lot has changed about how to make the most of an Open House. Whether you’re attending one after the other all Sunday afternoon or preparing your home for one this weekend, we’ve got the goods on how to make sure you get the most out of an Open House.

Continue Reading »

As the Spring buying/selling season comes to a close, there’s good news for both buyers and sellers in the Washington, DC Metro area.

Continue Reading »

First-time home buyers in Virginia just got an added incentive to save for their first home purchase – tax free savings accounts!

Continue Reading »

This is the seventh article in our series called Buying a Home 101: Everything You Didn’t Know You Needed to Know Before You Buy Your First Home. This step-by-step series will take you through the entire home-buying process — from finding a buyer’s agent to settlement day, and even to maintaining your home after you’re all moved in. Make sure to tune in every week!

Continue Reading »

Before you embark on the fun part of house hunting (who doesn’t like checking out homes!), you need to narrow down your search to a price range you can really afford. You definitely don’t want to be “house poor,” but you don’t want to shortchange yourself either and look at homes that are priced too low.

Continue Reading »

Have the looming financial costs of buying a home become a roadblock to your homeownership dreams? Do not let that happen – there are some awesome grant programs out there that can make the difference!

What is a grant? A grant is a loan that does not have to be repaid. That’s right! Free money to help you buy a home that you never have to pay back!

If you qualify, you could save thousands of dollars with down payment and closing cost assistance.

Continue Reading »

The news is mixed before the holidays. The federal shutdown put a drag on sales in November. That should come as no surprise. Concern about cutbacks pushed buyers to be more cautious, and sales decreased 13.7% compared to last November.

Continue Reading »

You may have found the “perfect” home in your eyes, but don’t be blinded by love. Keep some real estate red flags in mind when you go house hunting – you don’t want a home you will regret buying.

Continue Reading »

You love hanging out with certain friends or have the perfect roommate in your current rental. You’ve got a great relationship with one of your siblings who lives nearby. You and your partner have been together for years and want something more permanent. Should you buy a home with them?

Continue Reading »

There is good news in the DC area real estate market and it seems like both buyers and sellers are benefiting. The market is becoming slightly more balanced, which is terrific.

Continue Reading »

Active-duty service members and veterans can qualify for a VA mortgage loan to use for the purchase of a home and even for refinancing.

Continue Reading »

Here at Dwell Residential we think loyalty should be rewarded in a big way. And it doesn’t get better than giving you more money in your pocket!

Continue Reading »

House hunting can be overwhelming, time consuming, and yes, even frightening. But there’s no reason to be afraid of house hunting if you follow these simple strategies. Before you know it, you’ll scare away any stress and avoid the House of Horrors!

Continue Reading »

If you’re ready to buy your first home, you need to determine how much you can REALLY afford and not be stretched too thin. You definitely want to avoid being “house poor” so you’ve got enough money left over for other things!

Continue Reading »

Despite current events, the DC market heads into fall with optimism. After a typical August lull, September sales jump 12.1% compared to this time last year. Buyers’ demand remains strong, and median sales prices tops levels last seen in 2007. Sellers like the September market conditions, and push listings up 16.5% over this time last year, slowing the steep decline in inventory.

Continue Reading »

The Clash’s famous lyrics “Should I Stay or Should I Go” may come to mind when deciding about whether to move or stay in your current home. Maybe you’re renting and have a great deal but want the equity that homeownership provides. And if you already own, maybe you’re feeling cramped, hating your commute, or finding your noisy neighbors too much to take?

Continue Reading »

Say hello to the new and improved Adjustable Rate Mortgage. ARMs are back in demand and gone are the days of its risky features — interest-only and balloon payments — that might have scared you off in the past.

Continue Reading »

Jumbo loans are back in a big way, and we mean BIG savings. Typically, jumbo loans have higher interest rates than traditional, conforming mortgage loans … but not now!

Continue Reading »

This gorgeous row house on I Street is literally steps away from H Street (you know that place where the trolley tracks are) and all the restaurants and shopping found in this trendy neighborhood.

Continue Reading »

The DC metro market didn’t cool off as the last days of summer approached. Demand remained strong and the number of sales and pending contracts increased compared to last year at this time. It was condo sales (again!) that drove the majority of the increases in both sales and new contracts.

Continue Reading »

You can have convenience and views with this beautiful two bedroom condo in The Garfield, located just a block from the restaurants and shops of Chevy Chase Village. This large unit – more than 1,000 square feet of space – has tons of natural light throughout from its 8th floor windows. Enjoy the condo amenities you desire and be steps away from the tree-lined streets of this charming DC neighborhood. Need we say more … but we will!!

Continue Reading »

Today’s stricter lending environment means that processing a mortgage application is more complex than ever. By planning ahead, you’ll be in a much better position to negotiate and move forward on a purchase—and avoid any unpleasant surprises regarding your mortgage.

Continue Reading »

Even as the typical summer pace slows, there’s no break in stride for the DC Metro region this July. The market continues to run strong. Home prices are up across the region, so sellers are moving into the market looking to profit.

Continue Reading »

Coveting more home and a better location than your budget can handle? That’s a very normal feeling these days, so we wanted to investigate all the options out there to get you in the home you love and on budget.  A 203K loan is a great option to make that happen!
A 203K loan is a […]

Continue Reading »

If you know anything about us here at Dwell Residential, you know we are huge believers in using first time home-buyer programs to help make your home purchase more affordable.

Continue Reading »

Several key market indicators continue to trend upward in the Washington DC Metro Area. Sales and new contracts had double-digit growth in June and are now at multi-year highs. The inventory shortage also continues to shift for the region.

Continue Reading »

Flexible floorplan with washer and dryer on main level—perfect for roomies that allows for a private bedroom, full bath and living room area in the walk-out basement.

Continue Reading »

When I was young, our house caught fire right after Christmas. Thank goodness no one was hurt. Our insurance helped to cover the expense of our home being rebuilt and our belongings replaced.

Continue Reading »

Think Capitol Hill is not in your budget?! Not anymore …. This studio, in the heart of one of DC’s favorite neighborhoods, is not only affordable but also HUGE.

Continue Reading »

Whether you’re buying your first home, your next home or even refinancing, you need to avoid some risky actions that could derail your loan

Continue Reading »

The DC Metro market is pumped up right now as we approach the summer season, according to RealEstate Business Intelligence (RBI).  It’s good news all around — with May stats showing levels that haven’t been seen since the housing boom.

Continue Reading »

If you plan to buy a condo be prepared to review a stack of “condo docs“ or condominium documents. Since you will share in the financial responsibility of this condominium community with..

Continue Reading »

1150 N. Pitt Street, Alexandria

With today’s busy lifestyles, we’re all trying to catch our breath.  Get ready to take a breather with this gorgeous townhouse in Old Town Alexandria. Here, you can work and play with ease and your life will never be better.

Continue Reading »

With more scrutiny on your finances — whether you’re buying a home or refinancing one — you don’t want to make any needless mistakes to wreck your FICO credit score.

Continue Reading »

Kalorama Row is THE definition of urban living that’s both hip and timeless.  From the street, it beckons you with the quaint feel of the past  — but once inside, its bright, airy rooms satisfy the modern tastes of today’s homeowner.

Continue Reading »

House hunting is waaaay different than shopping for shoes, clothes, or even cars. You will be viewing properties that are often miles apart. So there are only a certain number of homes (generally about 6 to 8) that you can feasibly visit without completely over-stressing yourself, your car, friends or family who may be accompanying you, and your gas budget.

Continue Reading »

Market indicators point to a healthy spring market in the Washington DC Metro Region, according to statistics released by Real Estate Business Intelligence (RBI). April numbers show a spike in new listings for the first time in 2 years and the lowest days-on-market in 8 years.

Continue Reading »

Maybe you’ve seen a home that you love but it was more fixer upper than move-in ready. Or that 1970s kitchen wasn’t the retro you were looking for. Don’t cross it off your list just yet!

Continue Reading »

Location: 2310 N. 14th Street, Arlington, VA 22201

Price: $379,900

Condo fee: $320 per month (includes water, garage parking, pool, and gym!)

Continue Reading »

One absolute MUST in the home buying process is getting a professional home inspection. Both old and new homes should be inspected to see if any defects exist. You don’t want any surprises after you move in, right?!

Continue Reading »

You’re in the market to buy a home and up pops “title insurance” in the buying process. Are you stumped and not sure exactly why you need to get it? Here’s a Q&A that should clear up any uncertainty.

Continue Reading »

Yep, homes are selling almost that FAST in certain neighborhoods across the region, with days-on-market at its lowest level in over seven years. Because of the current low inventory of homes for sale, buyers are quickly making bids on what’s out there, pushing prices up, and most listings are moving.

The DC metro market continues to pick up steam and recent market statistics from RealEstate Business Intelligence (RBI) highlight this momentum. Here’s a quick rundown of the latest stats from March 2013

Continue Reading »

You’ve heard about FHA loans and maybe aren’t quite sure what they are and if you should get one or not.  These loans have become very popular over the last few years, but there are still lots of misconceptions swirling around. Here’s what you need to know:

Continue Reading »

You’ve probably seen listings stating a home is being sold “as is.” Does that mean it’s a dump and not worth seeing? Most likely not, but there can be vast differences in the conditions of “as is” homes.

If you do make an offer on such a home, you need to take certain steps to protect yourself.  Here’s how:

Continue Reading »

The DC Office of Tax and Revenue increased the Homestead Deduction benefit from $67,500 to $69,100. This benefit is applied as a reduction to a property’s assessed value for the purpose of computing the annual tax liability.

If you are an owner-occupant in a DC property, you qualify for this benefit.  The new increased benefit will reduce the annual property tax bill by $587.35.

Continue Reading »

The following article was recently published on http://dc.curbed.com. Enjoy!

For this week’s open thread we asked Jennifer Myers, owner of Dwell Residential Brokerage, to answer the questions that came in through the comments and the tipline. Since Jennifer specializes in working with first-time homebuyers

Continue Reading »

With the DC metro market gearing up for the spring selling season, it’s a perfect time to review recently released statistics for telltale signs of what we can expect in the coming weeks.

The metro market is primed for more activity overall with continued price increases and a bump in new listings for all property segments, according to Real Estate Business Intelligence (RBI). These early indications are positive signs for both buyers and sellers!
Here’s an overview of the February 2013 stats with more details and interactive graphs following:

  • New listings are up 13% compared to last month showing that sellers are responding to pent-up demand in the market and the expectation of higher prices.
    Continue Reading »

The market stats confirm what we already can sense … there’s just not that many homes for sale right now!

Only 4,000 homes were listed in the DC area in January, according to Real Estate Business Index (RBI). DC area new listings fell 4% compared to January 2012—which doesn’t sound like a big deal. But compared to January 2008, listings were down 62%. That’s a HUGE difference.

Continue Reading »

Last week’s flash floods around the DC area were the inspiration behind this week’s blog post.   When disaster strikes, which seems to happen at least once per year like Hurricane Sandy or last June’s Derecho, you want to make sure your home is covered so you’re protected.

You never know if and when something will happen — whether it’s a big catastrophe or something less destructive – so you need to be prepared!

Continue Reading »

Did you know that some normal — even harmless everyday activities — could hurt your chances of buying your dream home?  Although interest rates are at historic lows, keep in mind that lenders are more stringent than ever so it’s important to play it safe.

Here are seven things that you should “never, ever, ever, ever” (as Taylor Swift might say) do if you want to buy a home this year:

Continue Reading »

As we ring in the New Year, it’s tempting to look into a crystal ball to predict what we can expect for housing in 2013.  I’ve got some predictions and some hard facts – local market statistics from December – that give both buyers and sellers a better sense of what’s going on and what to expect this year.

Let’s start with the facts…

DC Metro Overview 

This easy-to-read chart (above) provides a snapshot of key DC housing trends, compiled with the most recent numbers available from December 2012. Here’s a quick breakdown with some cool bar graphs:

Continue Reading »

So you’re thinking of buying your first home in 2013.  Let’s make sure you do it right!
Buying your first home doesn’t happen overnight.  With a little upfront planning, you will get through the entire process with your finances and sanity intact.   Start now, though, because it does take some time to put together everything that […]

Continue Reading »

You may be gearing up for the busy holiday season – hanging decorations, buying gifts, baking cookies — but may think that buying or selling a home right now is not good timing.  Think again!
Although the more traditional approach of real estate would dictate that you put your plans to buy or sell away until […]

Continue Reading »

I’m writing this on Sunday evening as the wind is gusting and rain is starting outside my window.  I guess Sandy is really going to make an appearance here in the DC Metro area!
A lot of damage can be avoided if we take a few minutes to prepare.  But what should we do?  Of course there are the […]

Continue Reading »

Higher prices and low inventory is what best describes the current market conditions of the entire DC metro area compared to the same time last year. This is across the board in both condo/coop and single family homes in the District, Montgomery County, and Northern Virginia.
All markets experienced a slight bump in the number of […]

Continue Reading »

Being a homeowner has so many great tax benefits.  Whether you are a renter, home owner or investor my latest Money for Lunch interview is full of tips for saving money at tax time:

Continue Reading »

Jared wouldn’t give up his dream of a dining table and neither would we.  Congratulations Jared!  YOU did it! YOU made it happen!

Read about it here: The Pursuit: Dreams of a Dining Table and a Community

Continue Reading »

The Fall can be a confusing time for real estate. In my latest interview I discuss what Fall inventory means for both buyers and sellers.

Check it out here – Jennifer Myers on “Money For Lunch”

Continue Reading »

I’m sure you’ve heard that housing inventory is at historic lows throughout the country and in the DC market. Reports show the number of homes for sales decreased 19% from a year ago July.  The DC market is experiencing its lowest inventory in 7 years since August 2005, according to RealEstate Business Intelligence (RBI).
Just like […]

Continue Reading »

Fixed-mortgage rates moved higher for the 3rd straight week in a row, following long-term Treasury yields.  Rates for the week ending August 16, 2012 were as follows:
– 30-Year Fixed Rate Mortgage – Averaged 3.62% with an average .6 point. This is an increase from last week’s average of 3.59%. Last year at this time, 30-Year FRMs […]

Continue Reading »

Stronger than expected employment rates caused fixed mortgage rates to increase for the second week in a row.  Rates for the week ending August 9, 2012 were as follows:
 
 – 30-Year Fixed Rate Mortgage – Averaged 3.59% with an average .6 point. This is an increase from last week’s average of 3.55%. Last year at this time, […]

Continue Reading »

Existing-home prices continued to show gains nationwide—prices are 4.5% higher than June 2011, according to the National Association of Realtors.
Home prices rise for first annual increase in 5 years, according to real estate listing site Zillow. Nationwide home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since […]

Continue Reading »

After June’s lackluster employment report interest rates hit all-time lows once again!  Rates for the weekend ending July 12, 2012 were as follows:
– 30-Year Fixed Rate Mortgage – Averaged 3.56% with an average .7 point. This is a decrease from last week’s average of 3.62%. Last year at this time, 30-Year FRMs averaged 4.51%.
– 15-Year Fixed […]

Continue Reading »

10 Ways to Get Organized for The Big Move (via Houzz.com)
Our favs:
– Picture how you want your new home to feel
– Don’t move what you don’t use
– Start a stash of essentials
Read all 10 here.
Would you add anything to this list?  What are some of your moving tricks?  Leave us a comment below!

Continue Reading »

 
In the News…
U.S. home prices increased in April for the first monthly gain since last autumn, according the S&P/Case-Shiller Index. The 20-city composite index gained 1.3% with 19 out of 20 cities registering gains. Of the 20 cities measured, only Detroit took a step backward with a 3.6% reversal.
Home builder sentiment is highest level in five […]

Continue Reading »

BUYING A HOUSE 101

You already have everything you need. Swear.

The hardest part about buying a home is getting to the root of what you REALLY want your life to look like and how your new home will fit into that picture. We can help you find a home that meets your essential needs and budget (yes! any budget), but doesn’t leave out your dreams and what you truly want as a homeowner.

What do you DWELL in?

It’s all about your mindset and where you want to go in life. DWELL in possibility, abundance and your dreams - believing that your perfect first home is right around the corner.

Your home should be your sanctuary. We want you to be happy each time you walk down the street in your new neighborhood and through your front door.

The more you can tell us your likes and dislikes, interests, and goals, the more we can focus on the best direction to take. Don’t be swayed by “what you ought to do” but go with your passion and instincts, and you’ll have no regrets.

“I was attracted to Dwell Residential because it is a boutique firm that specializes in a single market, Washington DC, and places great emphasis on identifying the “possibilities” for each client. After my experience with Dwell Residential Brokerage, it is “the force to be reckoned with” in the DC real estate market.” - Dustin

Let’s go!

With our knowledge and expertise of the DC local market, we will work together as a team in finding your new home.

We promise to guide you and answer ANY questions (we’ve heard it all, so don’t be embarrassed!). Here’s how we’ll do it!

Customized attention and direction

  • Our modern, boutique-like service lets us provide a customized approach, just for YOU.
  • Our small team of agents, including founder Jennifer Myers, breathe real estate day in and day out and can jump on the latest listings in a flash.
  • We can show you current trends and local pricing of condos, townhomes, or single-family houses.
  • We can narrow down which neighborhoods embrace the vibe you’re after since we know them all. Location defines your lifestyle and is a key starting point of your search.

“You all really are great at what you do. I greatly appreciate all of the time, effort and assistance you’ve dedicated to our first home buying experience. Your advice is prudent, helpful and always keeps our best interests and desires in mind. In short, you are phenomenal.” - Ben & Brittany

Smart financial decisions

  • We know the latest loan and financing options out there to make buying more affordable.
  • We are strong advocates for first-time buyers and can connect you to any local and federal homeowner assistance program that can save you money.
  • We won’t let you buy something you can’t afford and stay focused on not being “house poor.”
  • We can help you see the vision and potential of homes that can fit your budget AND dreams!

“When I bought my first home in 2002, my agent NEVER told me I could have received $50,000 through a first-time home buyer assistance program. Now I know better and am knowledgeable about every local and federal program out there. I make sure all of my clients are informed about any little-known programs that can save them money when purchasing a home. “ - Jennifer Myers

Strategic with your time

  • We use the latest technology and resources to keep abreast of listings, market conditions, and local trends.
  • We work hard to ensure smooth contract negotiations, transactions, and closings – and keep you updated every step of the way. You will not be disappointed with our attention to detail from start to finish in all proceedings.
  • We’re on your timetable and won’t push you. But, we know how busy you are and will keep it streamlined and efficient whenever possible (unless you want to stop for that cup of java!).
  • We’ll communicate with you however you want -- email, text, Facebook, or phone. We are here to serve you in the best way possible.

Want to hear more? Sign up for our newsletter today →

Sign up for our FREE newsletter
Name
Email

Extra $$ For Your Home Purchase

- Did you know there is a LEGAL way to not pay your property taxes in DC for 5 years?  Yep!  That’s right.  We know all about it, let us show you how that’s possible…
- Did you know there is a program in Maryland where you can pay half price for a newly built home?  We know about that one too, let us share that with you…
- Did you know there are ways to get up to $75,000 in down payment money if you buy a home in DC?  We know it sounds crazy and unbelievable, but it’s absolutely doable and true and we’d be more than happy to tell you all about it…
- Did you think Arlington was SO out of your price range?  Think again! We know of a program where first-time buyers with moderate incomes can get assistance for up to 25% of the purchase price and can use it for closing costs and a portion of the down payment.  We’ll help connect you…

Get the Flash Player to see the wordTube Media Player.

It was so great working with you.  You made the whole house buying and HPAP process totally manageable and 200% worthwhile.  Thanks again for all of your help and time.  Janice

Let us help you determine which of these programs are right for YOU and your specific financial situation & home buying goals!

Get extra $$ for your home purchase.
Name
Email

House Hunt

This feature is Coming Soon! In the meantime, please visit Homesdatabase.com to search for property.

Where Do You Dwell