Thoughts, Opinions, and Rants and Raves about the DC Area Real Estate Market
Risks of Buying a Foreclosure (click the links to read more)
Bank Addendum – Always written in the bank’s favor
Timing - Impossible to control turnaround time
Property Condition & Inspections – Unlikely (impossible?) to get repairs made, and careful to retain your ‘right to void’
Title Defects – Be sure to have your own title inspection done!
Financing Complications – Timing and property condition issues combine to create complications with financing, too.
Katie has resided in Northern Virginia for almost 15 years, working in both Northern Virginia and Washington, DC. She's now a full time, full service Realtor with a practice focused on assisting clients with residential and investment transactions, with a particular specialty in working with first time buyers and sellers. With her background in finance and executive education, she is adept at walking her clients through the process from “soup to nuts” so that they understand the risks and rewards of home ownership. She frequently teaches educational seminars designed for first time buyers in Arlington County (where she lives), DC, and Montgomery County. [More…]