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  • new home buying tips FAQ


    You can use the equity in your current home to buy the new home if you want to keep your first home as an investment property.

    Generally, you cannot swap mortgages. However, there are some types of loans like assumable FHA loans that if


    You cant swap mortgages. Sell the home you are in right now and make an offer on the new one with a contingency clause that you will buy the new one as soon as your old house sells and also that you will be able to obtain financing on the new home.


    The best thing you can do is hire a professional home inspection service. They will do a complete review of the home and provide you with a professional report.

    When you buy be sure to get a home warranty insurance policy (its not expensive


    Don't sign on the dotted line until after the house is built and you have a expert come in and do a home inspection to your satisfaction.


    It's a good time to buy a house just make sure do all the house and termite inspections and buy a title insurance at close of escrow.


    Go to your lending institution first to see what you qualify for on the price, as that will tell you your upperlevel for price. Then look for the home you want that fits within your price range as well as your other criteria. It may take quite a few before

    new home buying tips news

    Luxury home: Chance for new home in Northwest

    18.05.12

    While plenty of suburban residents long for an urban lifestyle, new homes rarely become available within the District’s borders.

    At Foxhall Ridge in Northwest, buyers have an unusual opportunity to purchase a newly constructed home with all the amenities today’s buyers expect. Designed to blend with the historic architecture of Georgetown and the Palisades neighborhood, Foxhall Ridge is a new community of 34 town homes built by Stanley Martin in an enclave off MacArthur Boulevard.

    Residents of Foxhall Ridge will live within walking distance of the Potomac River and the C&O Canal as well as shops and restaurants in the Palisades. Georgetown, Georgetown University, the Kennedy Center for the Performing Arts and all of the District are easily accessible from the community, which also offers quick access to the Beltway and Chain Bridge to reach the Virginia and Maryland suburbs.


    Source: Washington Times

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