Condo prices are falling (a tiny bit)
October 16, 2006 5:27 AM Subscribe
What do I need to know before I decide to buy a condo (in DC)?
posted by echo0720 to home & garden (2 answers total) 4 users marked this as a favorite
I’m considering buying a condo in DC some time in the next year or so. I’ve never owned before, but I’ve lived in the area forever, so I know the market pretty well. I also understand the financing process from start to end. What I don’t know is everything else...real estate agents, what sort of benefits/tax credits I may be eligible for (if any, I make a good amount of money), what I should be looking for when I go look at places (ideally my place will be in a renovated rowhouse, but since they’re rare, I have the feeling I’ll end up in a big ol’ condo building), and you know, other stuff that I don’t know enough to ask you about. What else do I need to learn about? Do you know of any good resources for a first time home buyer (both general and specifically to DC – again keeping in mind that I know everything I need to know about mortgages)? I know this is a really general question and I’ll be around all day if there’s anything I need to clarify or I have follow up questions. Thanks for your help!