With the rise of cryptocurrency technologies like Bitcoin, there’s an opportunity to tap into a new market of real estate investors who prefer cryptocurrency transactions to traditional bank-backed currencies. It’s only a matter of time before Bitcoin will be used in the DC metro area, while Blockchain (a related technology)…
Recent changes to the Tenant Opportunity to Purchase Act (TOPA) mean that single-family rental properties are now exempt from TOPA – except in very specific circumstances. In general, this means if you’re the owner of a single-family rental property, you no longer have to give your tenants a good faith…
Everything is going digital these days, including home lending and home closings that used to require lengthy in-person meetings and signing with a pen in the physical presence of a notary. This could mean big changes for your real estate business.
Spring is historically the season with the greatest number of properties under contract in the DC metro area, which means now is a great time to take advantage of this liquidity and put property on the market. Owners and investors who are ready to cash out—whether for retirement or to…
Avoid These 5 Common Mistakes to Make Sure Your Settlement Goes Smoothly There are lots of things that can go sideways at settlement. We see it all the time. Realtors (particularly newer ones) make innocent mistakes that cause valuable deals to fall apart, or put them and their clients at…
Earlier this month, Prime Settlement was invited to the popular annual Spring Housing Briefing, sponsored by Apex Home Loans, one of the lending partners we regularly work with. It was an engaging daylong event packed with useful information that we think might be of broader interest. Here are some of…
Imagine this scenario: An unwed couple decides to purchase a home together. After a few years in the house, they split, not-so-amicably, leaving a long list of questions about what to do with the shared property: Could one buy the other out or would they have to sell? If they…
The economy, environment and demographics always play a role in emerging trends, but there are other factors these days such as the boon of technology and the desire to live a healthier lifestyle that impact the details of home design. We’re not just talking the mid-century modern decor craze, wallpaper…
The DC housing market has been a seller’s market for quite some time outside of a few select neighborhoods. But even with high demand and limited inventory throughout the city, getting someone to actually part with their property can be challenging. Many realtors can think of a handful of properties…
Prime Settlement recently received an email from the District of Columbia Land Title Association (DCLTA) and thought it was critical enough to share more widely as we conduct these kinds of transactions every day: “You may have heard a report last week on WAMU, WTOP or the local TV news…
