Many read todays Washington Post article mentioning how the Fed was going to hold capital so to help prop up the economy. Is this a good sign, many are asking themselves what to do with their money. Should they sit on the dock, or jump into the water? For me the answer is easy. Yesterday the rates were at 4.25% from many of the banks I received information from (granted that rates obtained are subject to ones credit worthiness). This is a great time to purchase if one has the ability to do so, and finds a property that fits their lifestyle needs.
So where are the buys? Honestly there aren’t many out there that fit the bill as “true buys”. So when I see one I want to make sure I let my audience know. Two that are out there now, one is for someone looking for the urban feel and one is for someone looking for Metro access in an emerging market.
*This property is short walk (across the street) from the West Falls Church Metro Station. This property is in a prime location for access to Tyson’s Corner and easy access to city via Metro. The property is FHA approved meaning purchaser is only required to put 3.5% down payment on property. By the numbers this property is the only condominium on the Orange line Metro under 200K. Owner has rented it out in the past for roughly 1300 a month. GREAT BUY!
* This is a property perfect for the young professional or newly wed couple. In the heart of Logan Circle its steps away from HOT restaurants, nightlife and Whole Foods Market. The 2 level layout is perfect for entertaining and the natural light from the 2 story windows brings out the cherry cabinets and wood floors. This has features like an additional half bathroom off the entertaining area, and a custom walk in closet (MUST SEE), that truly make this a unique buy for anyone looking for their piece of the DC action. GREAT BUY!
For information on these properties or any properties of interest in the DC and VA market places please contact your DC real estate Examiner! Brian Blackburn is a licensed agent of Re/Max Distinctive and is happy to help with any of your property inquiries. Not all properties posted are listings of Re/Max Distinctive but as buys come on we want to keep our audience in the loop! Stay tuned for more great buys as we search for diamonds in this rough market.