Went out with a client of mine to look at potential investment property. We were informed of the mold. Well, we were in for a surprise. We elected not to venture into the house fully. We just stayed on part of the main floor. Take a look and see for yourself. Make sure to protect… Continue Reading
Quand on fait une offre pour acheter une maison, l offre consiste des elements suivant: Prix D’achat, EMD, Contingencies ( conditions), Durée de la transaction, concession du vendeur et autre demandes de l ‘acheteur. Nous allons nous concentrer sur le EMD. LE EMD ( Earnest money deposit) peut etre vue comme la caution de l… Continue Reading
An REO property, is a property that has gone through the foreclosure procedures and failed to sell at a foreclosure auction. After the Auction, the property goes back into the bank or institution’s portfolio. Once owned, by the bank, the property is then placed for sale, typically at a discounted price compared to non REO… Continue Reading
DOPA: the District Opportunity to Purchase Act. It has been designed to promote Rental housing affordability in DC. DOPA helps with affordability by helping maintain the current number of affordable rental housing in DC as well as increase it. DOPA applies to properties of 5 rental units and more with at least 25% of the… Continue Reading
A French drain is a trench covered with gravel or rock containing a perforated pipe that steers water away from an area. A French drain can be installed indoor or outdoor. The purpose of a French drain is to capture water and transport it away from the property. By doing so, water infiltration in the… Continue Reading
As of July 3, 2018, single family dwellings are exempt from TOPA . There is an exception, current tenants who are elderly or have a disability, retain their TOPA rights for the duration of their tenancies as long as they signed rental agreement by March 31, 2018, and taken occupancy by April 15, 2018.