Close It!™ House of the Week: Pet-friendly with courtyard & sunset views

This week we take a look at a pet friendly condo with a balcony in Friendship Heights, Washington, DC.

This bright, 2-bedroom, 2-bath condo is equidistant from the Tenleytown and Friendship Heights metro stops on the Red Line, located in on the third floor of a garden style apartment. Constructed just four years ago, the building is relatively new. And the unit offers several updated amenities including stainless steel appliances, self-closing drawers and granite counter tops. 

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $135,231.27. The monthly payments would then be around $2,691.25 per month. For a complete picture of the cash to close, or for a run-down of the seller's side of the deal, plug the numbers into the Web version of Close It™ or download the free iOS app.

Headlines: Close It! makes a splash; $1M condos at The Wharf

Here's a quick look at what's happening in real estate around the District of Columbia.

Record income gap fuels US housing weakness

The income gap between America's richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that threatens to hold back the broader revival of the world's largest economy. —CNBC

How SB-Urban plans to get its no-parking developments approved

Given the very low likelihood of residents having cars, the cost per parking space would be prohibitively expensive and add an unnecessary cost to the project, particularly when most of the spaces would go unused. Constructing parking that will go unused will lead to unnecessarily higher rents. — DC Urban Turf

 

 

Aptitude: Wondering what your closing costs will be? Ask CloseIt!

Whether you want something quick, easy and accurate to estimate closing costs and monthly mortgage payments, or you want to drill down into the numbers, this app takes the mystery out of closing. — Washington Post 

Why MLSs will soon be a lot more friendly to brokers

Currently, brokers and agents must often enter and maintain their listings in both their back-end office system and their MLS. With the Update feature implemented, agents will only have to enter their listings in their broker’s back-office system, which can then transmit their listings to the MLS. — Inman News

Revealing the facts and myths about DC's street system

Once you get outside of the original part of the city, the system changes a bit, but Curbed is here to tell you how you can understand the system to know where you are at all times, and to explain some of the misconceptions you may have heard about the plan. — Curbed DC

Condos selling in excess of $1 million to be first project to open at The Wharf

The $1.5 billion project, to deliver 3.2 million square feet of new shops, offices, homes and hotel rooms to The Wharf, will take years to fully materialize. But the first test of whether the development will become a live-work-play environment will come a lot sooner than that, at least the live part of the three-legged stool. — Washington Business Journal

Washington Post profiles our awesome app Close It! in this Sunday's magazine

Word is spreading about the app that takes the guesswork out of closing.

This weekend, the Washington Post will run an article in their Sunday magazine that profiles our free iOS and Web app, Close It!

Reporter Kathy Orton breaks it down:

"Whether you want something quick, easy and accurate to estimate closing costs and monthly mortgage payments, or you want to drill down into the numbers, this app takes the mystery out of closing."

Believe it or not, this is the third time the Washington Post has mentioned Close It! in their editorial pages since we launched the app in May 2013. About a year ago we had a one-inch blurb on the inside of the front page. About two months ago Close It! was included along with several other real estate apps engineered in the DC metro area. 

We're doing what we can to get the word out to homebuyers as well as their agents and lenders about our awesome app as well as the importance of shopping for title services. Hopefully the app gives consumers a good reference point in terms of calculating closing costs and total cash to close. 

Agents and lenders out there who are interested in adding the Web version Close It! as a feature, tool or resource on their own website, feel free to get in touch with me. I'm happy to assist or offer advice on how to make that happen.

Close It!™ House of the Week: Modernized and move-in ready

This week we cross over the District border into Bethesda for this charming 4 bedroom, 3.5 bathroom cape colonial located on a corner lot less than a mile from the Red Line. 

The interiors are bright and clean. There's a finished basement. The spacious kitchen features stainless steel appliances with a gas stove as well as granite countertops. It's listed at $899,000.

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $204,574.23. The monthly payments would then be around $4,401.80 per month. For a complete picture of the cash to close, or for a run-down of the seller's side of the deal, plug the numbers into the Web version of Close It™ or download the free iOS app.

Headlines: A look at DC's tiny houses and million dollar 'hoods

Here's a quick look at what's happening in real estate in and around the District of Columbia.

Refinances drive meager mortgage volume again

Applications to refinance jumped 4 percent from the previous week but are still off 39 percent from the same week a year ago. — CNBC

6 DC neighborhoods where homes cost $1M and up

The most expensive neighborhood so far in 2014 is Massachusetts Avenue Heights, to the west of the Naval Observatory, where the median sales price this year is $1.847 million. Unsurprisingly, it is also the DC neighborhood where homes take the longest to sell (61 days on average). — DC Urban Turf

Millennials should be buying a home right now

Assuming that home values stayed constant and that a home buyer would put 20 percent down and take out a 30-year fixed-rate mortgage, Zillow found that a D.C. area buyer who waits one year to purchase a home would probably pay an additional $186 per month. — Washington Post

DC's 'Tiny Houses' highlighted in ReasonTV video

Take the politics as you will; the video is worth watching for its explanation of the tiny-house dilemma and its provocative arguments in the ongoing debate over how cities like the District should manage their growth. — Washington City Paper

What you need to know about Dupont Circle's secret tunnels

Even those who do know about the underground tunnels beneath Dupont Circle may not know about its storied and occasionally sordid history, nor about the plans to turn it into to a destination the likes of which D.C., and honestly the United States, has not seen. — Curbed DC

Why 83% of real estate agents become obsolete after handing over the keys

One major reason homeowners do not rehire their real estate agent is that they simply cannot remember their agent’s name. A dismal 17 percent of homeowners actually use their agent again. — Inman News

  • Ways to save at closing

    Title charges are the largest chunk of closing costs and can vary by hundreds of dollars.

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  • What are closing costs?

    The real estate closing process involves loan steps, legal steps and title steps.

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  • What's title insurance?

    Insure your legal ownership just like you'd insure the building, but for lots cheaper.

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Our blog contains general information only, not intended to be relied upon as, nor a substitute for, specific professional advice. Rate tables and figures that appear on our blog are deemed reliable but not guaranteed. For current rates & policies, refer to our Quick Quote and Consumer Guide. We accept no responsibility for loss occasioned to any purpose acting on or refraining from action as a result of any material on our blog.