Ready for some real treats this Halloween weekend?! Check out these great properties:
Saturday from 1-3pm at 1202 Fairmont St NW
Sunday from 1-4pm at 1202 Fairmont St NW
Sunday from 1-3pm at 1832 Biltmore St NW #36
(by clicking the address, you can get a sneak peak to tide you over until you get there in person!)
Good day everyone. Please see below for a special message to you from Julie Johnson – VP of Sales and Marketing for Up With People.
“On behalf of the Up with People Cast and Staff, we would like to extend our sincere thanks to Brandon Green and Keller Williams Capital Properties for the sponsorship of the Up with People tour in the communities of Washington, D.C. Up with People will perform two, public shows of its full two-hour production, “A Song for the World”, at 7:30pm on October 22nd and 23rd at the Columbia Heights Educational Campus Auditorium (Bell High School). All show proceeds benefit D.C. Public Schools, Higher Achievement Organization and Dance Place.
In recognition of the investment Brandon Green is making to “give back” to the D.C. Community, Up with People is offering a special ticket offer through Brandon Green. You will receive one complimentary ticket for every one ticket purchased to either the Friday, October 22nd or Saturday, October 23rd shows.
To take advantage of this special ticket offer, click on this link: www.upwithpeople.org/index.php?id=286. When you place your ticket order, make sure to enter the offer code of “BOGOUWP” in order to receive one complimentary ticket for each ticket ordered.
For more about Up with People, visit www.upwithpeople.org and follow our journeys at www.uwpontour.com.
Again, we appreciate your support of Up with People and your local communities. We hope to meet you at the show!
JULIE JOHNSON
Vice-President, Sales & Marketing
julie.johnson@upwithpeople.org
In the past couple weeks several banks across the country have halted foreclosures and suspended settlements with buyers of their foreclosure inventory in order to review the paperwork. What does this mean to you? The short answer is – nothing good.
If you’re facing foreclosure yes, this means it could be pushed further down the road – which might be helpful, or it might simply delay the inevitable and therefore lengthen the pain you’re facing during this difficult time in your life.
If you’re contracted to buy a foreclosure – don’t expect to go to settlement anytime soon. The bank’s addendum with you likely gives them the right to suspend settlement at will. You can attempt to challenge this through the attorney general’s office – or through your attorney – but don’t expect to get anywhere fast.
If you’re a homeowner, this might cause your value to rise temporarily, but the rise is unlikely to be sustainable. Eventually the foreclosures must be sold and so if we hold back the tide now – it will simply flood the market with distressed inventory later making things worse in 2011 and 2012 when we hoped to be well on our way to “recovery”.
I’m disappointed to see the banks suspend the process across the country. I agree – there are a lot of issues with the entire foreclosure process but stopping the entire system throughout the country is not the solution. Our country will not recover until people who cannot afford the homes move on with their lives and people who can afford the homes move in to the properties. Nothing could be more important to our economic recovery than the speedy disposition of distressed assets.
I meet with many sellers and the reality is, if you bought in the last five years and didn’t put at least 10% down – you many need to write a big check to sell. Don’t panic! First, understand that just because you have to write a check to sell doesn’t mean your home has lost value. Your home needs to appreciate about 10% to cover your purchase and sell transactional costs – and that hasn’t been the case in most areas in the last five years. Historically real estate has appreciated 2-3% a year so under “normal” circumstances it can take a good five years to break even.
Remember, real estate isn’t the ATM machine it used to be – instead it is a solid, steady, long term way to financial independence and growth. Purchase real estate you can afford to hold for the long haul and if you’re not sure how long you’re going to stay in a certain area – purchase something that can make a good rental. If your horizon is at least 3-5 years, in most cases it still make sense to buy particularly when you add the tax benefits to the equation.
If you’d like specifics about the transactional costs associated with selling or buying, call me and I’ll go over the particulars of your situation.
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