Topics For Buyers

This Week’s DC / MD Home Buyer Workshops Tues. 4/21 5:30pm & Sat. 4/25 10am

Interest Rates on 30 year mortgages (the mortgage 99.9% of you will use as a 1st time buyer) remain low this week at 3.67%, after dropping recently to 3.66%. What’s this mean? Temporarily, your monthly payment on buying a condo or home remains at just about the lowest you can expect – giving many people who rent locally the chance to buy at a rolling monthly cost lower than they currently pay their landlord.

“We talked about March’s increases in overall sales and new contracts in the DC area in our blog just last week. Buying in the DC/MD/VA market is occurring at a fast pace,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “To put it in perspective, we currently have a live contract on a Petworth 1BR condo that we featured in our Workshops 2 weekends ago. That savvy buyer was smart to pull the trigger on a strong deal at a low interest rate at exactly the right time.”

This week’s Workshops will discuss current market conditions, interest rates and how it all ties together as you decide on your first home or condo purchase. There’s also discussions on Buying New Construction in a variety of price ranges that talk about how to participate in the flood of new home and condo opportunities that are becoming available for a variety of budgets.

Join us:

Tuesday, 4/21 5:30pm – 7pm– The After-Work Edition of our popular $0 Down Home Buyer Workshop is back! Join us at 5:30pm at 913 Florida Avenue, NW.

Saturday 4/25 10am – 11:30am  – Our Saturday morning Workshop this week combines Buying New Condos / New Homes in All Price Ranges + our regular $0 Down programs and other financing coverage. Specific Property Tours and neighborhood tours are available after the Workshop from 11:30am on through the afternoon. We recommend you reach out to us specifically in advance if you want to tour with a First Time Home Buyer specialist.

There’s 3 ways to RSVP for UrbanLand Workshops. Email, connect with us via Facebook Events, or just call 202.299.9223.

Also, this week’s real world example is this H Street NE and a 1BR + Den on the east end of the H Street Corridor that prices out to between $1,297 – $1,350/monthly. The Den provides great extra space off the main bedroom in this building that we have a lot of positive experience with from the recent past. This unit will price at around $289,000.


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