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…
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…
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…
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…
From the historic cobblestone streets of Georgetown to the shimmering sidewalks of City Center, it’s no wonder why Washington, D.C. is the highest ranked city to live in the Northeast by U.S. News and World Report. 2017 continues the renaissance of DC’s historic neighborhoods and emerging cultural and economic centers….
Short-term peer-to-peer lodging has become a preferred style of accommodation for travelers globe-wide. With Washington D.C. a popular traveler’s holiday destination, lodging platforms like Airbnb are a fast-growing source of extra income for many homeowners. However, local lobbyists are taking steps to leave D.C. residents out of this multi-billion dollar…
The 11th Street Bridge Park re-imagines a defunct bridge span as a new citizen destination for recreation and entertainment. The resulting park will be an economic anchor for the surrounding neighborhoods, and provide economic opportunities for residents, during construction and beyond.
As the D.C. real estate market continues to thrive, more and more residents seek to create value in the rapidly developing DMV area. Perceived barriers to entry deter many prospective investors from participating in this fast growing — and lucrative — market. However, flexible retirement accounts can eliminate these barriers…
Changes to D.C.’s zoning code have been in the works for years. They’re scheduled to take effect this year. If you want to build or buy in the District, now is the time to learn about those changes and what they can mean to you.
