Category: Real Estate

The Benefits of Fall Home Buying

Our Silver Spring housing market is resilient, as the metropolitan area is driven by core industries of government, such as defense, federal contracting, professional services and engineering. The federal government is a stabilizing presence within the region, which makes us more resistant to economic downturns than other regions. We also show higher incomes, education levels, population growth and share of millennials. In our area, walkability, community amenities and access to the Metro are sought after. Fall housing is showing homes priced at $400,000 to the mid-500s continuing to come on the market in late October. In the last week,...

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Home Buying Cents—Stick to Your Budget

Buying a home can be overwhelming on so many levels. So many options. So many questions, and the pressure is often on to decide quickly or lose the home. I often hear, “Is this the right location? What renovations could we do and how much will they cost? Will this home appreciate to exceed those improvements or additions? Are the schools good? What is my commute time going to be?” A necessary place to start is to create your home purchase budget. By working with a mortgage lender, you will be able to assess your monthly budget and what...

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Multi-generational Living Together

Guest post and photo from Melinda Schnare Multi-generational living is growing in popularity. Families in a variety of stages of their lives are seeking homes for multi-generational living. Features families are looking for include homes that provide privacy and seclusion and yet allow their family to come together in enjoyable ways. This trend includes young parents seeking the benefit of grandparents to care for their children while they’re working. College graduates are coming home to either save money to pay off their student loan debt or save the down payment for a home of their own. Additionally, parents are...

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Discovery Sells Silver Spring Headquarters Building

Photo of Discovery’s headquarters with the famous Chompy by Flickr user and ©GlynLowe.com, published under a Creative Commons license. Discovery Communications has sold its headquarters building in downtown Silver Spring, according to reports. The buyers are a joint venture of Foulger-Pratt, based in Potomac, and Cerberus Capital Management, a New York private investment firm, reports WTOP. The radio station cites the Washington Business Journal, which broke the news in a subscriber-only story, as saying the price was $70 million. WTOP also quotes Cameron Pratt, chief executive of Foulger-Pratt, saying, “When the opportunity to purchase such an iconic, centrally-located building...

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Reinventing Yourself through Downsizing to Condo Living

Guest post and photo from Melinda Schnare Many people I meet are thinking about downsizing from their large, beautiful homes surrounded by tall trees and green grass to a condo. My first question is, “Will you be able to live without gardening, working with soil and watching your plants grow?” They ponder the question and then say, “Yes! What I want now is…easy.” Then they go on to describe their new life. A smaller space that is maintenance free, close to the metro with high “walkability” scores. They are seeking spontaneity, and the ability to walk or Metro to...

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