In case you are fooled by the March snow, or Winter like breezes that don't seem to want to ever loosen their chilling grip on the DC area folks, don't procrastinate any longer! The Spring market is already as hot as the asphalt in the U Street Corridor in August.
It might still be chilly in Northern Virginia and DC, but buyers have been hitting Open Houses as hard as the rain from a mid April DC rain shower. Faithful readers of my column will know that I have been telling my readers to get back into the real estate market and buy ever since 2010.
As a licensed Realtor in Washington, DC and Virginia, I have been practicing what I preach, and I've bought four properties from 2009 to 2011. I am currently renovating a row house in Columbia Heights, and I've got a 1 bedroom condo which I totally renovated with Bamboo Hardwood floors, custom tile, whirlpool tub and Granite Counters coming to the market soon.
Now I realize that not everyone can afford to be a real estate investor, but if you have been sitting on the fence renting in the NOVA / DC area, it's time you jumped in head first! As I've written about in my First Time Home Buyer's Guide Part 1 and Part 2 if you plan on being in the DC area over the next 3 to 5 years, why pay someone else's retirement.! Pay yourself by buying real estate, and also getting a nice tax write-off.
If you even have to move, there are few rental markets that have been as historically strong as the Washington, DC area. People are constantly moving to the NOVA / DC area for the great military, tech, Bio-Medical and government job markets. If you ever have to leave, renting out your home will be pretty easy.
Of course you want to make sure you buy right, so find a Realtor like myself who will guide you through the process, and help you achieve your dream of home ownership. What are you waiting for? Spring has sprung!
If you are unsure of what homes are out there that might work for you, or if you need help with financing, it is great to start by getting in touch with a Realtor who can walk you through the whole process of buying a home. You can reach me at INKrealtor@gmail.com.
***Please remember that Realtors are not accountants or lawyers, and if you want any such advice you should seek out those specific professionals to answer your questions. Realtors are not licensed to give financial or legal advice!***