I previously discussed our city’s efforts to contain Covid-19 and its impact on the apartment rental and sale business in Washington. While we continue to be under the mayor’s emergency edicts there has been some easing of restrictions that begin to result in an environment more conducive to the sale and rental of apartments. Historically low interest rates have helped to steady the market. Our expectation is that we will see slowly improving conditions in the rental market for the last four months of the year and that sales will remain steady. I sometime measure anticipated improved activity by traffic flow. Interestingly, six weeks ago I would drive from Ward Circle, on Massachusetts Avenue to DuPont Circle, midday, and see just a few others making the trip ( three or four cars literally). Yesterday, traffic seemed back to pre-Covid days.
We are glad to relay any thoughts and advice about your unit. Having specialized in apartment rentals and sales for many years in our beautiful city, my expert advice, I say modestly, can give you real value.
My husband and I needed to make a road trip to New Mexico recently. We drove to Nashville, to Little Rock, to Oklahoma City to Santa Fe, New Mexico and then back to Chicago and Washington. I was so interested and encouraged to see that, with only minimal exception, usually in the form of young folk, masks were worn everywhere and citizens were careful to “social distance.” While the press broadcasts careless crowds adding to the virus’s spread, from this trip I concluded that most people were aware and careful. Things could be so much worse if that was not the case. Please give us a call.
There have been a number of recent inquires about Margaret Lamberton Real Estate's fee structure for leasing property. The leasing charge, for a one year lease, is equal to the first month's rent including an advertising allowance of $200.00. This fee also includes advice about registration and rent control exemption of the property with D.C.Housing.
Ask how to save your first five years of D.C. real estate taxes. You can also ask about Washington, DC's college tuition credit plan that can save you thousands of dollars each year toward your childrens' higher education with federal funding for DC residents.
Ask about commission credits for buyers & sellers of million dollar properties.