Wednesday, November 23, 2011

Testimonial below. Adam sells and rents Maryland and DC Homes



I am grateful that Ari and his wife asked me to be their realtor and to find a renter for their home. Mostly, I am thrilled that they were delighted with my services!

"I rented my house through Adam. He was very good and very fast. He took care of the details that needed to be taken care of, and asked the tough questions up front that needed to be asked. He made sure that the rental went through in a professional and appropriate fashion, and kept me appraised of potential pitfalls and issues. Everything you would want in a real estate agent." November 23, 2011

Top qualities: Great Results , Personable

Ari hired Adam in 2011.

Nothing would give me a higher level of professional satisfaction than to help you accomplish your real estate goals.

If you or someone you know is thinking of making a move,then let's together for a free, private and professional conversation.

I am a full service realtor,whether you are looking to sell a home,buy a home or rent a home.

Even if you or someone you know isn't currently in the market but has a real estate question, call me or send me a message. I am here to help and here for you.

Life is good!

Adam
adambashein@mris.com
Call: (301)943-4370

o. (301)718-4100 ask for Adam
www.basheinhomes.info
www.linkedin.com/pub/adam-bashein/a/7b3/883
https://www.facebook.com/pages/Real-Estate-Chat-with-Adam/311713398857047?ref=ts

Adam Bashein
Licensed in MD & DC
Weichert Realtors

Tuesday, October 4, 2011

Here's a way to find me, begin the home sale or home buying process




When listing your home for sale with me,your home could be featured when buyers go by your home and click on the QR code.

Life is good!

Adam Bashein
Call: (301)943-4370
0. (301)718-4100
adambashein@mris.com
www.basheinhomes.info
Weichert Realtors
Licensed in Md & DC

Monday, October 3, 2011

Risks of Remodeling Your Home Without a Permit


Many cities require that homeowners obtain a building permit before making modifications to their residence. Which modifications require a permit vary by city. Also, some cities are more vigilant than others in enforcing permit laws.

In order for the homeowner to receive a permit, the homeowner or his/her designee must submit plans for approval and pay fees to the city. In addition, the improvements are given a value. If they increase the value of the property, this may result in an increase in property taxes. Inspections are often required to approve the work. This process can be time consuming and inconvenient in the short run. Therefore, some homeowners don't get permits because in the short run it costs them more money and time then they want to spend on the project.

By the way,if you are bidding out work on your home and notice a difference in the contractors' estimates,look through the proposals and/or ask the contractors if they are doing the job with a permit. It could be the difference in labor cost, material cost, cost of getting a permit and so on. But make sure you know whether or not the contractor you are working with included a permit in the job proposal. If he/she didn't and says the job doesn't need one,do some research on your own and make sure the job really doesn't need a permit to save you in the long run.

If the city discovers that you did work on your home that needed a permit and you failed to get one,getting a permit retroactively can frequently cost you a lot more money,hassle and trouble than having gotten a permit before the work was done. If work is not done in accordance with city procedures or if the inspector is unable to determine if the work has been done properly, the homeowner could be required to open walls, tear up floors, so that the inspection may take place. In addition, by law, work not permitted where a permit was required must be disclosed to any prospective purchaser. This may cause the owner to lower their sale price or perform costly or time-consuming repairs before title can be transferred.

If you are in the market for a home,ask sellers for copies of permits for work that they had done up front. Alternativley, you may obtain these permits by going directly to Building & Safety in the municipality in which the property is located or by hiring a "permit puller" who will research the permits for you.

Please let me know if I can be of service to you and yours in Metro DC. I always have time and greatly appreciate your kind referrals.

Life is good!

AdamCall: (301)943-4370m
o:(301)718-4100
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
Licensed in MD & DCWeichert Realtors

Tuesday, September 27, 2011

Recommendation from a lender who serves Metro DC and beyond


“I have had the opportunity to work with Adam several times and at each opportunity Adam has displayed his multi-talented skills as a realtor. Adam works incredibly hard for his clients and is with them every step of the way, holding their hands when necessary. Adam will never let his clients make a poor decision and because he has grown up in the market that he serves, Adam's knowledge of the business is second to none. Adam has a remarkable work ethic and is a true communicator. He combines a sincere sense of compassion and understanding with a wealth of real estate knowledge and technical expertise. I would highly recommend Adam for any real estate needs.” September 16, 2011 1st Chad Freeman, Home Mortgage Consultant, cfreeman@embracehomeloans.com Tel: 301.354.8208

I love Metro DC, and, with the exception of college, have called it home my entire life. If you know anyone thinking of getting into the Metro DC real estate market, I appreciate you passing my contact information to them and always have time for your referrals.

Life is good!
Adam
Call: (301)943-4370

o.(301)718-4100
adambashein@mris.com
www.basheinhomes.info
Weichert Realtors
Licensed in MD & DC

Wednesday, September 21, 2011

Want to buy a foreclosure as your home? Fannie Mae has a program good through end of October.


Please see link below

http://www.homepath.com/incentive/index.html

The key elements are that (1)Fannie Mae owns the home; (2)ask your lender if she/he does home path loans and (3)you must purchase as a primary residence and not as an investment.

Time is of the essence to take advantage of Fannie Mae's HomePath program is through the end of October. That means you must settle and not just be under contract.

Call me to take look at Fannie Mae foreclosures to take advantage of this window of opportunity Or any homes for that matter.

Life is good!

Adam
Call: 301-943-4370
301-718-4100 ask for Adam
adambashein@mris.com
www.basheinhomes.info
Licensed in MD & DC
Weichert Realtors

Thursday, September 8, 2011

www.basheinhomes.info


Good morning!

I wanted to share with you my website, which I have had for a while.
The main domain name I give people to find me on the web is www.basheinhomes.info. My actual website is www.adambasheinsellshomes.com, but the above domain I think is easier to find and it is linked to my website.

Here is a true anecdote from yesterday morning through this morning.

Yesterday morning another satisfied client referred me to friend. She called me to discuss their current situation and moving plans. At the end of the conversation I promised to email her some homes to get a feel for her & her husband’s tastes when we meet tonight.

This morning I checked my email and there was a note from my website that a person found me and requested that I contact her. It was the person I spoke with yesterday. Through my website she gave me her email information, cell number and confirmed tonight’s appointment. It would be my guess that she didn’t receive an email from me last night, which I did send. She probably thought, with the time being before 8 a.m., that it was too early from an etiquette standpoint to call me, which I greatly appreciate, and that she wanted to send the email out before going to work.

Upon comparing her email address to the email address in my sent box, there was a character difference. So, I clicked ‘forward’ on the email I sent last night, copied and pasted the email address from my website and sent the email to her again a short while ago.

I am delighted that she thought to search for my website in order to follow up and reach me. It also delights me that that the domains which I have purchased for my website, made it easy to her to find me.

Please see below. For privacy and protection I have changed the actual contact information

You have received a request from your website, http://www.adambasheinsellshomes.com.

The customer's contact information is shown below.
*First Name: Z.
*Last Name: X.

*E-mail Address: xxxxxx@yahoo.com

Phone (with area code):000-000-0000

Inquiry Message: Hi Adam- here's my email address so you can send me those links today. see you at 7. Z.

This is one anecdote I will add in my presentation to potential clients. My website has value! In addition the way people can use my website (and I am humble enough to say my website can always be improved), the domains which I have purchased and continue to purchase make it easier, more likely for buyers (which by the way is fantastic for my sellers to know as it will also give their homes an extra online previewing through my website!) and sellers to find me.

If you know someone considering selling or buying a home, I always appreciate and have time for your referrals. In addition to giving me their contact information, please give them my contact information so they can find me. I am anywhere you need to be in Maryland and DC.

Life is good!

Adam
Licensed in MD & DC
Call: (301)943-4370
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
Weichert Realtors
O. (301)781-4100 ask for Adam
Licensed in MD & DC

Tuesday, August 16, 2011

The "V": One way to evaluate the Real Estate Market and Interest Rates to Determine if it is a Good Time for You to Make a Move.



Do this as you read. Please print out the letter V which I have imported into this blog or draw your own V. If you draw the V,then also right on one leg of the V, "Interest Rates" and on the other leg of "Home Prices". At the top of each leg right the word "high" and at the bottom of each leg right the word "Low".

Now on each leg draw a circle where you think the market is as far as interest rates and home prices.

If both circles are near the bottom,then you feel that interest rates and home prices are low or almost as low as they can be. This would be an indicator that it is the perfect time to buy a home. A good time to sell if you have owned your home long enough to make a profit on the sale (your purchase price verses today's market price)with rates being low, so buyers can afford "more house".

If you circled near the bottom for interest rates and a little higher up on home prices--perhaps middle of the v leg,it would be an indicator of a great interest rates and healthy prices of homes,which is good for buyers and sellers.

If you circle toward the bottom it is also a great time re-finance. A wise word I heard regarding locking in a rate on new mortgage or re-finance: once you lock in the rate don't look back. If you don't think it is a good time to lock in the rate,then wait and risk whether rates will get better or not. I would take interest rates in the low to mid 4's any day of the year.

If there is a home out there that you like but hasn't sold, it could be a good time to buy a home now that has been in the market, that sellers don't want to carry through the fall and winter season.

If you didn't circle the bottom of the leg for interest rates,I'd be interested in knowing how low you think rates will go.

If you want to talk about your local real estate market and have a free pre-market consulation,give me a call. I am here to help.

Life is good!
Adam
adambashein@mris.com
Call: (301)943-4370
office: (301)718-4100
www.basheinhomes.info
Adam Bashein
Weichert Realtors
Licensed in MD & DC

Wednesday, August 3, 2011

Learning about potential homes



The other day I was showing a client a home and the showing instructions for this home require the listing agent to be present while anyone is looking at the home.

In the course of our conversation, he tells me of an upcoming listing and asks me to do a drive by of the home to see if it would be a fit for my client. We drove by and the home was intriguing


I did follow up research on the home, to see what I could find out in terms of sales history, improvements that may have been done by the current or past owner(s). I observed that the name of one of the current owners is the same name as the listing agent. His name is fairly common, like John Smith, so I would never assume, though this is very coincidental. So I called the agent to follow up with him and said, by the way, do you own the home, which you told me and my client to do a drive by of. He chuckled and said I see you are doing research on the home. He told me about some improvements he has done while living at the home. By the way, In MD. & D.C., once a home is listed, the agent is supposed to disclose if he or she has ownership in it and/or is related to the seller...that is one thing I wanted to share and teach you. I try to share and teach through my real estate experiences. I call it "living real estate". The other thing I wanted to show you was that through networking, I found out about home that is not yet on the market, which could this client the inside track on buying it, if it is a good fit and we agree to sales terms.

I am here to help you and yours achieve your real estate goals in selling and buying homes. I appreciate and always have time for your referrals.

Even if you aren't currently in the market, please ask me your real estate questions. I am here to help.

Life is good!


Adam
Call: (301)943-4370
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
Licensed in MD & DC
Weichert Realtors
(301)718-4100

Friday, July 29, 2011

Testimonial from satisfied client who relocated to Maryland



When relocating recently from out of state, we engaged Adam as a buyer's agent to assist us with purchase of a new home in Maryland. Adam proved to be highly attentive, diligent, patient and very attuned to our needs...when, after viewing a handful of houses, he said "I know the perfect house for you", he was exactly right! You can be assured that Adam will always be looking out for your interests - he definitely did for us! July 29, 2011

Top qualities: Great Results , Personable

Steven Orlansky, AIA, LEED AP hired Adam in 2011.
------------
It was a pleasure helping the Orlanskys find a home that met their needs. If I remember correctly,it was an April afternoon and we were finishing previewing a home and I asked if he had 10 more minutes to look at one more home which just became available on the market and I thought would be a great fit for them. He said sure. A short while later at the home,he was describing it to his wife and the rest is history, as they say.

The Orlanskys reached out to me roughly a year before the move to meet,discuss the area, the market and make sure the area was right for them.

They actually were able to "try before you buy" if you will,by renting a home in the neighborhood for a month. I commend their diligence and efforts,especially being a family moving from out of state,to make sure they could understand and experience the community where they would ultimately buy in.

If you are considering making a move,whether it is for a job,family or other, and the move would not entail you moving to a different state or country do all you can to get a lay for the land.

If you know somebody or a family considering moving to Metro DC,have them call me to talk, even at the "exploratory stage",when they want to learn about neighborhoods before beginning the home search. I am here to help.

Life is good!

Adam
Cell: (301)943-4370
Office: (301)718-4100
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
Licensed in MD & DC
Recognized top office producer
Weichert Realtors.

Did you know that your home could be located in more than 1 county?


I met a potential home seller yesterday whose home is physically located in 2 counties! Very unusual. The person bought the home in the 1990's. Back then I don't believe when homes were on the market for sale that they had to disclose estimated property taxes otherwise potential buyers would have known that the seller was paying property taxes for both counties as part of the home was located in "County A" and part of the home was located in "County B".

It is unfortunate that this information didn't come up during the contract period (if seller didn't mention it). The first time the buyer found out about this issue was when she received tax bills from 2 different counties.

She owns a nice home and it is in a great area,however she would have used this information to determine the cost of owning this home upfront before finalizing her decision to buy. Would she have still bought the home? Very possibly. People just don't like expensive surprises and it has obviously left a bad taste in her mouth.

Fortunately we are in a research and information era,where people desire to and have access to most information they want/need in a decision making process. On your next home purchase,research every thing you can about the potential home and property...ask any questions and raise any concerns to the settlement company,so they can specifically explore,answer your concerns.

Whether you know somebody who is thinking about buying a home,selling a home or has real estate questions (even if they aren't in the market),have them call me. I am here to help.

Life is good!

Adam
Cell:(301)943-4370
O. (301)718-4100
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
Licensed in MD & DC
Weichert Realtors

Wednesday, July 27, 2011

Settlement today for home in Kemp Mill Estates...a subdivision in Silver Spring, MD



I was out with this client looking at another home on an April afternoon and on our way out I asked if he had perhaps 10 more minutes because I thought this could be the right home for him and his family. About 3 months later after hard work,we successfully settled today.

If you know someone who is buying or selling a home in Maryland or DC,refer them to me. They will receive amazing service and outstanding results. Even if they aren't in the market to buy or sell,but have a real estate question, tell them to call Agent Adam. I am here to help.

Life is good!

Adam
Cell: (301)943-4370
Office: (301)718-4100
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
WEichert Realtors
Licensed in MD & DC

Tuesday, July 12, 2011

Testimonial from client in recent Potomac real estate transaction


“Adam helped us find our first home. We had been looking off and on for over 4 years. Adam was very patient with us and always made time to show us available houses. After finally having an offer accepted, Adam guided us expertly through the home-buying process; from home-inspection to settlement. I would absolutely recommend Adam to anyone that is looking to buy a house in the near future. Thanks Adam.” July 12, 2011

Top qualities: Personable, Expert, High Integrity

Stan Salomon

------
Whether you are getting ready to sell or buying a home I'm anywhere you want to be in Maryland and Washington, DC. I greatly appreciate and always have time for your kind referrals. Even if you aren't in the market but have a real estate question, call me (301)943-4370 or send me a message. I am here to help.

Life is good!

Adam
CELL: (301)943-4370
adambashein@mris.com
www.basheinhomes.info
O.(301)718-4100
Adam Bashein
Licensed in MD & DC
Weichert Realtors

Wednesday, July 6, 2011

Testimonial from one of my clients' Lenders


“I recently had the opportunity of working with Adam Bashein on a very involved short sale transaction. Adam remained patient, thorough and efficient throughout the six month long process. Adam was always on top of his game and always had the best interest of his client in mind. The twists and turns throughout the transaction did not faze Adam at all. If you're looking for integrity and non-pushy sales tactics Adam is your man!” July 6, 2011

Gabriel Bensimon, Mortgage Lender and Broker, Mortgage Master Inc
was with another company when working with Adam at Weichert Realtors

I'm delighted that through our hard, smart and successful works in this deal, that we made a challenging transaction work.

If you or yours are thinking of getting in the market to buy or sell a home in Metro DC, let's talk about the market. Even if you aren't in the market and have a real estate question,save my cell phone number (301)943-4370 and either call or text me. I am here to help you achieve your real estate goals.

Life is good!

Adam
adambashein@mris.com
CELL: (301)943-4370
o (301)718-4100
www.basheinhomes.info
Adam Bashein
Licensed in MD & DC
Weichert Realtors

Oh by the way,I always have time for and appreciate your kind referrals.

Monday, June 27, 2011

Just completed settlement with a client who bought this wonderful townhome in Potomac, Maryland



I just got out of my settlement for a beautiful townhome in Potomac,MD. It is a rare model with a first floor office,4 upstairs bedrooms,and finished basement. Updated kitchen and fireplace in the family room. It was my pleasure to help my clients find this home. The home search did take a while,but it was worth it,finding the perfect home for them and getting a great value.

Let me know how I can help you and yours in selling or buying a home.

Life is good!

Adam
Cell: (301)943-4370
O: (301)718-4100
adambashein@mris.com
www.basheinhomes.info
Licensed in MD & DC
Weichert Realtors
adambashein@mris.com

Working on getting a mortgage for your new home or refinancing your current home? Here are some hints from your Helpful Realtor, Adam


Whether you are applying for a loan to purchase a new home or looking to refinance your current home,review every personal and professional detail about yourselves to make sure they are accurate. An incorrect detail could be a red flag when the loan is being reviewed for funding and extra work will be required at the end.


1) Some lenders are pulling their clients' credits as late as the morning of the closing. If things were “close”, as in the example above, some are “crushed” when that simple “mistake” of a large credit card purchase will impact your credit. Don't close any accounts, increase any balances or add new debt.

2) Know your closing costs...get a good faith estimate before closing to make sure you know what to expect in closing,that you can make the deal happen and that when necessary,you can move funds into the appropriate account. Some lenders get nervous when the closing costs are paid by somebody else,like a family member as a gift. They wonder if it is a gift or necessity for their client. Could their client afford the home and the closing costs without any help. When interviewing lenders,ask about this.

3)Remember to lock in your interest rates. Some buyers...more so first time home buyers, “assume” that the rate that was quoted when they received Pre-Approval and were given a Good Faith Estimate, that nothing else needed to be done. The Buyer sadly learned otherwise when the interest rate during the time the GFE was prepared had risen to new levels. Unfortunately, even a small percentage increase can and did result in loan denial because said Buyer was very “close” to begin with, as far as debt ratios, ect. The Buyer’s previous loan “approval” was subsequently denied and the contract terminated. Even though interest rates have been staying low and pretty level,never assume rates are not going to go up and it is possible with the new rate you won't be approved for the loan.

4) Have your lender explain several loan programs to you,particularly those with lower prices to make sure they work for you. Your lender should tell you which programs he or she feels is best for you and most importantly,why.

5) If you are an independent contractor,a salesperson on straight commission or self-employed,many lenders will take the average of your last 2 years of tax returns to see that you have steady income since by the nature of how you earn your money,it isn't "guaranteed income". If you run your own business,talk to a lender or financial advisor about how to put money back into your business verses paying yourself so you get yourself in the most advantageous position to be approved for a new loan or to refinance.

6) With July 1, 2011 being this Friday and many salaried employees getting paid the first Friday of the month,make sure the address information of your employer is 100% correct. For instance, if on the check the employer's street reads "S.E" instead of "S.W.",it will cause the lender and underwriter to get verification of the company's existence (with correct address) and your employment. With the extra diligence taken in reviewing loans for approval,any disrepancy in information will make lenders nervous and force you to get further documentation to satisfy their concern.

7)Once you lock in your interest rate with your lender,don't look back. Nobody can predict the future and whether you locked in low or not. If you notice that interest rates dropped since you locked in,the only thing it may do is cause you is aggrivation. You could ask your lender if their is a program/fee for reducing your rate even after it is locked.

If you or anyone you know is thinking about getting in the market to buy or sell a home in Metro DC,have them call me...your helpful, full service realtor. I provide a Free No Obligation Pre-Market analysis of your situation,whether you are selling or buying.

Life is good!

Adam
Cell:(301)943-4370
O:(301)718-4100
adambashein@mris.com
www.basheinhomes.info
Licensed in MD & DC

Monday, June 13, 2011

Improving Metro DC Market over the last Year. Great time to sell.


CNN/Money: Metro DC home sold prices up from 1 year ago through 2010 5.6%, homes listed 4% higher than a year ago and homes selling faster than nat'l mean average (Metro DC 87 days, nationally nearly 6 months). "Home prices should continue to improve as builders struggle to catch up with increasing demand." Thinking of selling your home,let's talk about the market. This is the time to get your home on the market as school year is ending and many buyers take this time to house hunt.

On top of that,according to Saturday's Washington Post,interest rates for 30 year mortgages went to below 4.5%...think of how much more house you can buy with a 4.5% interest rate than with a 6% or 7% interest rate.

Below is a link of CNN/Money article about Top 10 "turnaround towns"--improving real estate markets,which includes Metro DC.

http://www.linkedin.com/news?actionBar=&articleID=548966620&ids=0MdzoUdzoOdPkIc38SdzoVe3gRb3wUdPkPc34TdiMUcjoRdjwUe3gIcz4RcjAPcPsR&aag=true&freq=weekly&trk=eml-tod-b-ttle-44

If you know someone thinking of getting into the real estate market to sell or buy a home,I am here to help and am happy to provide a free pre-market evaluation.

Adam
adambashein@mris.com
CELL: (301)943-4370
www.basheinhomes.info
(301)718-4100
Adam Bashein Licensed in MD & DC
Weichert Realtors

Friday, May 20, 2011

I just sold this home in Silver Spring, Maryland. Great Value for buyers.



For all of you and your friends real estate questions and needs,contact me. I am here to help.

Adam
adambashein@mris.com
www.basheinhomes.info
CELL:301-943-4370
301-718-4100
Adam Bashein
Licensed in MD & DC
Weichert Realtors

Thursday, May 19, 2011

Testimonial from a satisfied client. Let me make your home dreams come true!


May 18, 2011

To Whom It May Concern:

We just settled on our first home with Adam Bashein as our agent. Adam worked tirelessly to help us find the right house and reach settlement. He met with us on weekends and in the evenings to accommodate work schedules and replied to our emails and phone calls immediately. We had several negotiations in our contract, and he was always a strong advocate for us in all of these deals. We also had some last minute complications with details for the mortgage approval and settlement. Adam called and emailed the seller’s agent, mortgage company, and title company many times on our behalf and helped ensure that we were able to close on time without losing any of the seller subsidies. We would certainly recommend Adam to our friends and neighbors and to anyone looking for a patient, kind, knowledgeable, and hard-working real estate agent.

Sincerely,

Adam and Caroline Friedman

Are you or someone you know thinking of buying or selling a home? Let me know how I can help. Please contact me for a free no obligation pre-market consultation.

Adam
CELL: (301)943-4370
(301)718-4100
adambashein@mris.com
www.basheinhomes.info
Adam Bashein
Weichert Realtors
Licensed in MD & DC

Proposal of 20% downpayment on real estate transactions would kill the real estate market

I am going to contact Congress today,who is proposing requirement for 20% downpayment on all residential real estate purchases. At what price would most of America need a home to be at to comfortably do this or does congress want us to become a rental country?

What do they want home owners to do and who should home owners sell their homes to when they want or need to sell because they have too much house, need to move for a job and/or can no longer keep up with mortgage payments?

Members of Congress, keep the American Dream alive for obtaining home ownership and don't turn selling a home into an impossible situation. It doesn't matter what price a home is selling if home buyers cannot put a downpayment on. Would you rather people stop paying their mortgages and walk away from their homes because selling will be next to impossible regardless of home sellers' financial situation?

Don't turn the American Dream into the American Nightmare!

This proposal is awful for home buyers and home sellers. Hopefully it won't pass.
I will do what I can to fight for you and contact Congress today.

Thinking about selling or buying a home? Contact me to discuss a winning plan and how I can help you. I am anywhere you need to be in Metro DC

Adam
adambashein@mris.com
www.basheinhomes.info
CELL: (301)943-4370
(301)718-4100
Adam Bashein
Weichert Realtors

Tuesday, May 3, 2011

Would it cost you less money to own in DC than to rent in DC?


The National Low Income Housing Coalition just came out with its 2011 data dump, and D.C. residents shouldn't be that surprised: that only Hawaii commands a higher rent from tenants.

More specifically, the NLIHC calculates the "housing wage," which is the full-time hourly wage a household would need to earn in order to afford the fair market rent for an apartment, paying no more than 30 percent of their income on housing. For D.C., that's $28.10; Hawaii's is $31.08.

Of course, that's a little misleading -- D.C. is the only solely urban jurisdiction in that ranking, so rents will inevitably be higher. But it's not that far off from the highest-ranked metropolitan area, Stamford-Norwalk, Conn., which comes in at $34.62. And the most instructive numbers are those comparing D.C.'s rents with the median renter's income, which is $38,210. You'd need to make $58,440 in order for the fair market rent for a two-bedroom to be considered affordable. Sixty-eight percent of D.C.'s rental population -- 55 percent of the entire population -- doesn't meet that bar.

Let's talk about the DC market, get you qualified to buy and see if your monthly mortgage payment would be less than your monthly rent (based on the type of home you live in/want to live in)). I'm here to help!

Adam
adambashein@mris.com
CELL: 301-943-4370
Licensed in DC & MD
301-718-4100
Weichert Realtors

Tuesday, April 12, 2011

Benefits of FSBOs working with buyer agents


Are you trying to save money by not listing your home for sale with a real estate agent? Do you think you can do just as good of a job as any real estate agent in marketing your home for sale and so you would just assume market your home for sale without listing it with a real estate agent?

I would still suggest that you at least let the local real estate agents know you will pay a buyer agent commission (perhaps 1/2 what you would pay if listed with a realtor) if they sell your home (buyer is their client). It would be even better if you paid a discount brokerage to allow you to list your home in MLS,advertising your home for sale with what you would offer as a buyer agent commission. You don't want to limit your pool of buyers. This does not prevent you from selling your home to a person without a realtor, but I would certainly not limit the scope of potential home buyers.

Speaking of limiting your pool of buyers,there are buyers out there who are nervous about the home buying process and want to have an agent guiding them each and every step of the way. If the seller isn't going to offer a buyer agent commission,then either the buyer is going to have to pay his or her agent (which rarely happens)or the buyer is going to rule out your home as a possiblity since there is no buyer agent commission.

By working with buyer agents,you save time in coordinating showing your home to buyers. You don't have to run back and forth from work or change your plans if a prospect wants to see your home. You can keep key(s)to the home in a lockbox which realtors can access the key(s)to get inside and put the keys in when they are done showing your home.

Another reason to work with real estate agents is their familiarity with and access to the local real estate contract so you don't have to re-invent the wheel. This may save time and money if no realtor is involved in the transaction If as the seller you are uncomfortable with the contract, meet with an attorney to have him or her review it and answer any questions you have. Buyer agents can coordinate and attend home inspections,appraisals so you as the seller don't have to miss work,alter your plans. To that point,even if someone buyers your home without a realtor,you can also look into retaining a realtor for writing contracts and coordinating the home inspections and the appraisal since that is his/her day job.

These are just a few reasons why you should promote your home to all realtors even if you are not listing it for sale with a realtor. This is not a new concept.
I appreciate home sellers who have the vision and take the initiative to advertise that they will work with buyer agents. They may hope that buyers come without agents but they don't want to rule out any buyers. That is good business.

Life is good!

Adam
CELL: (301)943-4370
adambashein@mris.com
www.basheinhomes.info
Weichert Realtors
(301)718-4100
SERVING METRO DC

Monday, April 11, 2011

Testimonial from satisfied client


“Adam did everything to facilitate my first-time home purchase. He found homes in my price range (which I didn't think existed), helped me focus my priorities, pointed out variables I wouldn't have known to consider, answered all my questions and offered valuable advice - all with no arm-twisting. Adam guided me through every step. I wholeheartedly recommend him to any prospective homebuyer.” April 8, 2011

Top qualities: Great Results, Expert, High Integrity

Carrol C.

---------------------
If you are thinking of or someone you know is thinking of getting into the real estate market,start by talking with me. I'm anywhere you want to be in Metro DC and greatly appreciate your referrals.

Life is good!
Adam
CELL: (301)943-4370
adambashein@mris.com
(301)718-4100
www.basheinhomes.info
Weichert Realtors

Thursday, March 31, 2011

Successful Foreclosure Sale in Downtown Silver Spring - Park Sutton Condominium - that my client bought for less than $100k!




Whatever your real estate goals and whatever price range you are working in,I always have time for you. You will get 110% effort and dedication from me whether the home is $100k- or $1,000,000+ and whether it is a "traditional sale", "short sale" or "foreclosure",like this home.

This 1 bath, 1 bath condominium unit that I just sold in Park Sutton Condominium is located in Downtown Silver Spring, just outside of Washington,DC. Great location. Park Sutton has some awesome amenities including being a pet friendly building,having a swimming pool and sauna.

Thank you for your business and I greatly appreciate your referrals.
I'm anywhere you want to be in Metro DC.

Adam
adambashein@mris.com
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Cell: (301)943-4370
301-718-4100
Weichert Realtors

Tuesday, March 29, 2011

Buying homes with cash



What's in your wallet? According to a study by the National Association of Realtors (NAR), 33% of home sales in February were CASH DEALS. A number of these homes were foreclosures bought by investors to renovate and resell. Cash deals are due to a combination of factors in "traditional sales", short sales and foreclosures:

(1) Homes being priced at a point where some buyers can make more attractive all cash offer instead of contingent on loan approval. When all offers are equal,cash wins out over contingent on loan approval.

Real estate transactions can settle quicker with cash deals than with buyers getting mortgages. This is particularly important for short sales, when the owner is trying to sell his/her home before it forecloses. There are lenders who can close loans quickly to avoid home going into foreclosure. In short sales there are also some deals where a "professional negotiator" is involved and/or the seller's lender seems more cooperative/understanding of what it takes in time for a new buyer's loan to close. So they work better with buyers' loans in trying to avoid their clients (the sellers)foreclosing.

(2)Depending on the property condition of a home,some lenders won't fund a buyer's loan, which is a seperate issue from buyers being approved for loans. In such a case,only all cash deals will work.

Often investors who can do home improvements themselves and/or with their own work crews, look for homes at certain price points that they can renovate and either resell or rent. To this point over 23% of sales in February were purchases by investors(NAR).

If you or someone you know is thinking of selling and/or buying a home,has a real estate question or wants to know about their "local market" in Metro, DC, give me a call or send me a message with their contact information

I am hear to help.

Life is good!

Adam
adambashein@mris.com
www.basheinhomes.info
Licensed in MD & DC
CELL: 301-943-4370
Weichert Realtors
301-718-4100 ext. 132

Thursday, March 10, 2011

Updated 4 bedroom colonial with garage on side street in Washington, DC


Welcome home to 1515 Underwood, NW. This cozy colonial home was built in 1939 in Brightwood, a subdivision in upper Washington, DC. The home has 4 bedrooms, 3.5 baths and a detached garage.

The current asking price is $635k. The MLS number of the home is DC7533407.

The home, a ReMax listing, is located just off of 16th Street, NW, between 16th and Luzon Streets, NW. 16th Street is one of the main streets. If you drive south and it take it to the end, you will be just a few blocks from the White House. It is near Rock Creek Park. If you go north on 16th Street, you cross the state line, entering Maryland. If you turn right on Colesville Road you a pass shopping area and the Red Line Metro (Downtown Silver Spring Stop). If you take 16th Street to the end, you intersect Georgia Avenue in Silver Spring and are very near I-495. It is also located near Walter Reed Hospital. So, the home is in a very central location.

The home has really nice bricking on the front outside of home complimented by black shutters. Good curb appeal. Inside you feel charm with wood floors, some wood doors and wood moldings.

Main level of home has hardwood floors. To the front left of main level is a family room with 3 windows and a fireplace. This leads to nice dining room area.

Off of the dining room is what looks like an addition. The room is ideal for an office with built-ins, a ceiling fan and door exiting to back yard. There is a flagstone patio and fenced back yard. Good size yard.

Back to dining room that leads to kitchen with granite counters...almost a cream/tan color as base for the counters with speckles. Stainless appliances and cherry cabinetry...cabinetry has knobs that compliment appliances well. There ceramic flooring to compliment counters. Kitchen also has a door leading to the back yard.

Upstairs also has hardwood floors. Once nice feature as you walk up the steps are 2 windows on the side wall of the home. 2 bedrooms have ceiling fans, closets with double hungs (2 levels for hanging clothes like suits, shirts, skirts and pants) and built in shelving. The hall bath has a high ceiling and contemporary sink.

The Master bedroom is across the hall from other 2 bedrooms to create some privacy. Good size room. The room gets natural lighting from the 3 windows. It has a closet with double hungs, as well as 2 built-in shelving units. The master bathroom is deep, has a shower, and a contemporary sink that was likely recently installed (at the same time the hall bath's sink was installed). The bathroom also has a high ceiling.

Both baths themselves are in pretty good shape, not to say they couldn't use updating or a little touch up.

Across from master bedroom are steps leading to 4th bedroom....loft style. Walk in closet, good size room. Ceiling is a good height...I didn't have to crouch to be in there as you do in some lofts because of the roof. If it lacks anything, it would be nice if the owners put in a private bath. Perhaps the next owner of this lovely home will make that home improvement. But the stairs are relatively easy to go up and down (not spiral staircases or a fold down ladder), I think, to the next level. The room does otherwise feel like a private space, which one might enjoy.

The basement is carpeted in a medium purple color. As you go down the steps there is a window on the side wall to provide more light. In the basement there is a 2nd fireplace in basement + 2 windows. The back of basement is unfinished. The washer/dryer is there as is powder room...toilet and sink, second refrigerator, plus exit to the back--walkout basement. You could finish the area and/or use it for storage.

I think the house has a warm feel and has been well kept. If I did anything to the home, it might be buffing the wood floors and if you want to update the bathrooms, which are perfectly usable and in good condition. Finally, I would consider adding a bathroom in the loft bedroom.
As I said before, the home is in a central location, in good condition and a good value, I think.
If you or someone you know is interested in knowing more information about this home, getting a private tour and/or talking about the neighborhood, please let me know. I am here to help.
Adam

Office Top Producer for December 2010, January 2011

Cell: (301)943-4370

adambashein@mris.com

www.basheinhomes.info

Adam Bashein

Licensed in MD & DC

Weichert Realtors

301-718-4100 ext. 132

Thank you for your kind referrals


Information deemed to be accurate but not guaranteed.

Thursday, February 24, 2011

The Beth Joshua Program for families looking to relocate near Melvin J. Berman Hebrew Academy and Beth Joshua in Rockville, Maryland



The Beth Joshua program is run by me alone. It is entirely subjective. I am looking for families to locate near MJBHA and Beth Joshua. I am willing to make a $20,000 loan which hopefully will be forgiven in the future. The loan will be made to couples (hopefully with one or more children. If no children, there must be expectations that eventually, G-d willing, there will be children). The couple must be orthodox, shomer Shabbat of a hashgafa that is reasonably in line with MJBHA. Both parents must be Jewish, and it must be two parents (husband and wife). The man must expect to be at almost all Shabbat and Chag minyanim when in town, and to be in town most Shabbossim. The couple must expect to send their children to MJBHA through at least eighth grade unless there is a very compelling reason otherwise.
The loan will be forgiven when all the following have occurred:
(1) The couple has lived in the community ten years.
(2) The couple has children who in the aggregate have attended MJBHA for twenty school years.

The above is specific, but to qualify, I must talk to at least one of the husband or wife, and I have always been able to let someone know after one conversation. This is not a guarantee, but an expectation.

I am presently in Israel. It would be best if one of them contacted me first by E-mail. Feel free to share the above information.

Denny
email: berman613@aol.com





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website for Beth Joshua Congregation http://www.bethjoshua.org/

If you or someone you know wants to talk about your purchasing power and look at homes in Rockville,contact me any time.
I greatly appreciate and always have time for your referrals.

Life is good!

Adam

Office Top Producer for December 2010, January 2011

Cell: (301)943-4370

adambashein@mris.com

www.basheinhomes.info

Adam Bashein

Licensed in MD & DC

Weichert Realtors

301-718-4100 ext. 132

Thursday, February 17, 2011

Settlement in Silver Spring, MD and Testimonial from satisfied client



We were fortunate to have found Adam Bashein as our real estate agent. I was very picky with who we would select as I had bought before and had some bad experiences with agents who wouldn't listen to what the customer needed and treated me like just another commission. When we went with Adam I was fairly confident that he wouldn't treat me or my wife as just another customer but would really invest himself in making sure we were in the home that worked for us. Our expectactations were far exceded by the performance of someone who is simply at the top of his field. Adam worked with us when we wanted one house and he worked with us when we wanted a completely different house. When we finally decided on a third offer, Adam worked with us with the same passion and investment as he had the previous offers. That dedication made us feel that we had someone who cared about the house that worked for us and was willing to actually listen in order to make sure we were all on the same page. When it came to his real estate knowledge he was judicious - there was nothing in the real estate process that I felt he didn't know. If he even slightly doubted something he told us, he would check with a superior to make sure his facts were straight. When it came to negotiations, Adam was a genius. Adam aggresively pursued a great price for us and worked until the day of closing to make sure we were maximizing everything we could get from the bargaining table. That's the point, Adam doesn't stop. He's your real estate agent for life because he is on top of things constantly - whether it is listening to you, reading up on the latest market trends or negotiating for his client he is always working for you. We wholeheartedly recommend Adam Bashein.
--


Maury Litwack
301-785-1421

I'm anywhere you want to be in Metro DC.

Life is good!

Adam
Cell: (301)943-4370
adambashein@mris.com
www.basheinhomes.info

Weichert Realtors
(301)718-4100

Tuesday, February 15, 2011

Thank you for following me!



Thanks to your business and kind referrals I was a Top Office Producer in my office for January 2011. You can find this ad in the recent Gazette.

The best has yet to come.

The spring market is now. The weather is getting better, rates are still good, around 5% and lots of buyers have been to open houses. Whether you or someone you know are thinking of selling and/or buying a home, let's talk about the market. I'm anywhere you want to be in Maryland and Washington, DC.


With much appreciation,

Adam
adambashein@mris.com
www.basheinhomes.info
CELL: (301)943-4370
Weichert Realtors
301-718-4100

Monday, January 24, 2011

Testimonial from a satisfied client


"Adam is a phenomenal agent. He was extremely patient with me and my wife and listened to us during the entire home purchasing process. My wife and I had very specific needs, both financially and in terms of what we wanted in a home. Adam always had time to listen to us and he was very patient during the time it took us to obtain financing. It is very rare to find someone who is this patient in the real estate market. Adam gave us plenty of room to breathe and it paid off for us. He found us a fantastic home and he helped put it under contract in record time. I highly recommend Adam and look forward to working with him for all of my real estate needs." - Michael Litwack

I am here to make your real estate dreams a reality and appreciate your referrals.

Life is good!

Adam
CELL: 301-943-4370
adambashein@mris.com
301-718-4100
www.basheinhomes.info

Adam Bashein
Licensed in MD & DC
Weichert Realtors

Sunday, January 23, 2011

How was the DC real estate market in December 2010? How did it compare to 2009?


GCAAR's Dececmber 2010 Residential Real Estate Market Report is out.

In Washington,D.C. single family homes, there were more signed contracts on homes in December 2010 than in 2009 and overall there were more contracts on homes in 2010 than 2009. This could have to do with buyers wanting to take advantage of the historically low interest rates and sellers being more realistic in both how they prepare their home to sell (in terms of property condition)and adjusting their pricing to the market.

Settlements were down in 12/10 compared to 12/09 but up overall in 2010 from 2009.


The median sales price of homes was up in '10 from '09 by roughly $12k. Buyers might have seen the tide turning in the market,with prices starting to go up,which would explain why more contracts were written in 2010 than in 2009. I always tell buyers that December is a great time to write offers on homes because many sellers psychologically want to go into the following year with their homes at least under contract if not sold.

A single family home is almost always a great purchase in Washington,DC because people of the transcient nature of the area. People often move specifically for jobs,particularly during election years. The benefit of single family homes is that you tend not to have monthly association fees (possible in gated community or townhome). You also aren't subject to rules and regulations of the condo/coop building. You are solely responsible for repairs,but the repairs are your decision to make and you award the contractor(s),where as a condo/coop board might make that decision for you. You also might have less noise from neighbors in a home than in a building. If you are looking at attached/semi-attached row houses,try to visit them a second time (look at it the first time during day when you can walk around the outside)in the evening when people might be home,so you can determine for yourself how quiet or noisy the neighbors are. It is all subjective. I suspect it would be least noisy in a detached home.

As far as condominiums and coops in Washington, DC, contracts were slightly up in 12/10 from 12/09 but down comparing '10 to '09. Settlements were down in 12/10 from 12/09 and also down in '10 from '09. Good news on the Median sales price: up c.$6k from 2009. One of the challenges I see is financing, when the ratio of properties owned by primary residents compared to properties owned by investors is so high that they aren't eligible for FHA loans. FHA loans have been extremely popular the last couple of years because they have only required buyers to make a downpayment of 3.5%. Regarding investment properties,many coops have regulations and restrictions on renting units out. They are concerned that rental units will pull down the property values.

A consistent objection to condominiums and coops that I hear from my clients is that the monthly condo fee is too high. Some buildings include the utilities and taxes in the monthly fee,which drives the monthly rate up. Taxes are almost always included in the monthly fee of coops. Some buildings have concierges..and if a concierge is at the front desk around the clock,that is an expense that even further drives the fee up. Other ammenities that drive the monthly rate up are pools and workout facilities in the buildings. Perhaps communities should consider lowering the monthly fees and have people pay for membership at the community pool and gym. They should also look at the cost and benefit of having a concierge at the front desk. Does this really add value? Is it a want or a need? My condominium building decided to eliminate their concierge a couple of years ago as a cost cutting measure. Many,including myself were upset about this and wondered if it would hurt our property values. It would have been less shocking if owners like me bought our homes when there wasn't a concierge rather than seeing the building eliminate the concierge. Another challenge is that not all condo/coop units come with a parking spot and if you own a car,you need to see if anybody in the building you are considering is looking to rent/sell his/her parking spot, find another garage where you can rent/buy a spot,get a street parking permit or way the pros and cons having your car verses selling it and renting a car when you need it.
Well,the good news is that we did lower our monthly condo fee to make our building more attractive to buyers.

Condos and coops are a great alternative to single family homes if you don't want to be responsible for mowing lawns,shoveling drive ways and sidewalks. Furthermore,you share expenses with the community when a part of the property,including a roof needs to be replaced. Further more,the property manager supervises the work for you and is looking out for your interests ,where as in single family home individuals have to interview,hire and supervise the work being done on the home. And,you have no one to share the expenses with.

If you are in the market to buy a condominium or coops,actually read the assocation documents,which is one of the contingencies in the sales contract. You want find out if any repairs will be coming up in the next year or two that will result in an assessment. You also want to look at the rate in which condo fees have gone up or down. Look at the ration of primary residents to investors and the rules about renting your unit out. My other suggestion is if you have been considering a 1 bedroom home but could afford a 2 bedroom home or a 1 bedroom home + den, give thought to doing so. Also,if a home comes with a parking spot,the parking spot will add value to your home when it is time to sell or rent. If your life situation changes a 1 bedroom home can very quickly feel too small. As far as selling your home down the road,there are a lot more 1 bedroom units on the market than 2 bedroom/1 bedroom + den homes. That being said a 1 bedroom home is good to buy and hold for investment purposes when you move out.

All markets are different. If you want to talk about the specific market you live in,are considering buying in,let me know. I am here to help. And,I always have time for your referrals.

Adam
CELL: 301-943-4370
adambashein@mris.com
301-718-4100
www.basheinhomes.info
Licensed in MD & DC
Weichert Realtors

Wednesday, January 19, 2011

Through networking with others in your industry,you can be more of a consultant to and better serve your clients.



Never under estimate the value in networking with your "competitors"...and don't view them all as competitors. I endeavor to to find out as much information as I can for my client prior to showing the home (and when time doesn't permit after meeting with my client),so I can better serve his or her needs and provide valuable "insider" information.

I just had a conversation with an agent whose Bethesda condominium listing I am showing (among other homes today) and got information that could go far improving the "saleability" of the home. According to her,one bedroom closet is so big that you can add a bath...the condo association has approved other units doing this and making their condominiums 2 bedrooms and 2 baths with 1 master (when their homes used to be 2 bedroom,1 bath units). Furthermore,she referred me to a contractor who has done this renovation to several units and is "the expert"...which is important when having major work done in a condominium building.

I find this amazing on TWO FRONTS:

First,the condo fee for this building INCLUDES WATER and if one adds a bath to his or her home,then he or she is likely to increase the use of water (which would increase the condo building's water bill). To that point,I am sure if the condominium building is diligen and reviews bills annually (along with the new projects the building might undertake that require further assessing owners),they adjust the following year's condo fees for each unit due to increasing (or in the less likely scenario decreasing)expenses.

Second,I am surprised the listing remarks don't say anything along the lines of "room for potential second/master bath". That's a great value and could further entice buyers, in a similar matter where buyers are further enticed to see listings that have offices/dens that could be another bedroom. But,to that point,that is one reason I am hear writing. To help you through my networking with other agents.

I am excited to show this home to my new client and,selfishly, to see it for myself!

Let me know if I can help you or your friends fulfill their real estate dreams.

I am looking forward to seeing this condo unit today.

Make it a great day!

Adam
CELL: 301-943-4370
adambashein@mris.com

Licensed in MD & DC
301-718-4100
Weichert Realtors
basheinhomes.info

Make it your own home or investment property! Sought after 3 bedroom first floor condominium unit in Silver Spring!



New listing at University Towers (U,T,), a high rise condominium building in Silver Spring, MD. Actually University Towers consists of 2 high rise buildings and is just across the street from the Kemp Mill Estates Subdivision. From University Blvd. You turn onto Arcola Avenue and the buildings are on your left.

Fabulous location! Just down the street from a shopping center that has grocery stores,a pharmacy,banking,multiple dining offices and more. You are also near parks. If you work in DC or Virginia,the home is also very near I-495. If you don't have a car or your car is in the shop? There currently is a ride on bus stop on Arcola Avenue across from the condominium buildings,with one direction toward Wheaton Metro and the other direction toward Downtown Silver Spring.

This 3 bedroom,2 full baths with abalcony and parking spot is a Coldwell Banker
(MC7514066 )listing, and located on the first floor of the "1111 building" and the asking $85k. According to tax records, the unit is 1266 square feet. It is also a corner unit.
Amazingly, at this price the home is not currently listed as a short sale or a foreclosure. While it is a 1st floor unit,you are above ground level when you go out to the balcony. The hnit also comes with a parking spot and U.T. has an abundance of parking. If you enter the building from the Arcola Avenue side,there,once you get inside there are no steps. You go through the hallway and turn to your left. If you enter the building from the University Blvd side,you pass the 24 hour concierge and go up 2 steps before turning right and heading toward the unit.

Make no mistake,although the home is aggressively priced,you would need to do some work on the home immediately prior to move in,starting with the floors,
which need to be replaced. The home has original cabinets and counters that are not clean. I would suggest replacing the counters and look into the cost of upgrading the cabinets. The entire home needs Fresh coat of paint.

If you haven't been in a 3 bedroom condo unit at U.T., the master bedroom has 2 closets and a private full bath. There is a second full bath in the hall for the other 2 bedrooms and guests. Generous living room/dining room area. In the entry foyer is a huge walk in closet.

I would definately suggest bringing a contractor, if you aren't a contractor yourself to get his/her opinion on the work that needs to be done and a budget figure for the work. The last renovated 3 bdrm unit at U.T ( #305 ) sold for
$157,900 and there is currently one on the market (6th floor) asking around $150k, that is in good condition. So you might want to look at both homes to weigh the pros and cons of purchasing a home that needs to be fixed up and a home that is priced significnatly higher---but at what I believe is market price. If you can come out ahead financially fixing up the home instead of buying a fixed up home at a higher price,than this is a great opportunity. So look at the cost of renovating the unit and that you will need to pay the condo fee,currently at $1086/month while the work is going on. Perhaps you can try and negotiate with the seller about the condo fee because you can't move in,but don't be surprised if they say no because of the low list price. The only objection I see is if you don't wish to have a first floor home.

If you are an investor or thinking about buying an investment property,the last 3 bdm units at U.T. rented for $1800. If you buy this home with cash, you could probably have POSITIVE CASH FLOW (perhaps even w/ mortgage) within a few months of fixing up the home of about $700/month,based on the current rental market activity! I would guess based on the improvements the buyer of this home goes forward with and based on the contractor's schedule,the renovation could be a 4-8 week project. So you could move in as an owner rather quickly,considering the property condition.

From an investment point of view,factoring in the time for renovating,listing and then finding a renter for your home within a month of home being move in ready at $1800 (and you can try to get higher rate of course),you could have a POSITIVE CASH FLOW by the 5th to 6th month of your tenant renting.

While the condo fee is high, the condo fee does include utilities (excluding cable). U.T. is a full service building,currently with a 24 hour front desk,a party room,on site engineers. There is also a community pool.


If you/someone you know is interested in a fixer upper home or investment property,let's talk about the market. I am here to help 301-943-4370.
I always have time for your referrals.

Life is good!

Adam
CELL: 301-943-4370
adambashein@mris.com
301-718-4100
LICENSED IN MD & DC
www.basheinhomes.info
Weichert Realtors

information deemed to be accurate but not guaranteed.

Friday, January 7, 2011

Top Real Estate Producer,thanks to you.



I appreciate you following my blog,contacting me for your real estate needs and referring me with confidence to your family,friends and colleagues.

I am wherever you want to be in Metro DC.

Adam
CELL:(301)943-4370
adambashein@mris.com
(301)718-4100
www.basheinhomes.info
Adam Bashein
Licensed in MD & DC
Weichert Realtors

Thursday, January 6, 2011

Boutique 3 level 2 bedroom condominium unit in Georgetown



Welcome home to 3222 CHERRY HILL LN NW #D, located in the heart of Georgetown, in Washington, DC. It is listed through Prudential Carruthers Realtors;MLS #DC7461625. This boutique condo building was designed by Arthur Cotton Moore designed and is known simply as ‘Georgetown’, because of the location.

If you take metro,get off at the Foggy Bottom/George Washington University Station. The condo is about 9 blocks from there. If youare driving, I suggest parking on K Street, NW unless you can find parking on Grace Street, NW. Go North on Wisconsin Ave, NW, turning left onto Grace Street, NW, then an immediate left onto Cecil Place, NW and turn onto Cherry Hill, NW. You could also approach the condo building by turning from M Street, NW onto Wisconsin Ave, NW, then turning right onto Grace Street, NW and continuing.

Awesome location! This home is within a block from this property -- Washington Harbor, C&O Canal, Shops of Georgetown Park, Eagle Bank, Dean & Deluca, Ritz Carlton, movie theaters and more.

Cherry Hill Lane is a wonderful, quiet and historic street.

Rarely will you find a 3 level condominium unit (it is not a townhome), with bedrooms on 2 separate floors and the 3rd level completely designed for entertaining! According to tax records, the unit is 914 square feet, but it feels bigger because of the 3 unique living areas. The $400/month condo fee is lower than any other 2 bedroom condo/coop currently active on the market and within a quarter mile radius of this home.

If you are into contemporary and having a home that is almost a “one of a kind”, then this could very well be the home for you. In my opinion, this is a home that literally everyone goes into will either fall in love with or hate because of the layout. In either case, because of its uniqueness, I think it is a must see and would encourage you to contact me to see it.

The condominium unit is in a garden style building, which means it is 4 levels building. The unit itself is on the 2nd, 3rd and 4th level. No units are on the 1st level. The 1st level is the building entrance. There are 2 key door entrances to the building; one where you can use an elevator and one where use steps.

You enter the condominium unit on the 3rd floor of the building, which is the 2nd level of the home. As you walk through the entry foyer, you’ll notice the hard wood floors and your eyes will probably lead you to the cedar wood doors including the “French glass doors” to the first bedroom. A coat closet, washer/dryer unit and full are in the entry foyer. There are hard wood floors and recessed lights through much of the unit.

In first the bedroom there are built in shelves and an abundance of windows for natural light. There is room for a twin bed…a queen or king bed might not fit (staging would have helped here). The only negative is the view of the next building, which is a function of where the building is located as well as a function of being a garden style building with other buildings surrounding it.

The second bedroom, which I would probably use as an owner suite/master bedroom is up the contemporary spiral staircase. It has almost a “loft like” feel. There is a full bath in this bedroom, built-ins and very similar windows to the first bedroom.

One unique selling feature of this home is the privacy one can have if he or she has roommates/guests sleeping over. It is similar in one respect 2 level condo and coop units, where the loft/2nd bedroom/office is often on the 2nd floor.

What really makes this a rare condominium unit is the 1st level, which is completely dedicated to entertaining. Often in condos and co-ops the kitchen and living room/dining area are on the same level of at least 1 bedroom.

There is a more “traditional” if you will, wood staircase to the first level of the unit. To your left is the kitchen which is small but nicely updated Many of the cabinets have glass front doors, as well as in cabinet lighting and under cabinet lighting to make the kitchen shine. Kitchen is nicely updated with granite counters and has ceramic flooring.

On the other hand, the living room/dining room area is huge and great for entertaining. It features hard wood floors, a wood burning fireplace and has a large window. If you, your roommate or guest feels like going upstairs to hang out, relax, sleep or have privacy while the party goes on.

It would have been a bonus if the first level was designed with a powder room. The only other negative feature of this area may be that it is not on the main level or at least there would be a second entrance into the home on the same level as the kitchen, so you don’t have to go down stairs every time you return from the super market. But the designer accounted for this by using a more traditional staircase to the kitchen and living room/dining room level.

This is truly a unique home, which I think is a must see. You will either love it or hate it. I doubt anybody would be indifferent about it. If you want one level living, then this is wrong home for you, but if you like the idea of separate living spaces, this could be the perfect home for you. With the location and style of home, I think it would also make a great investment property, whether you live in one room and rent the other room out or if you rent the entire unit out.

The home is priced aggressively, currently asking $428k. The current asking price for 2 bedroom homes within a quarter mile radius of this home STARTS at $543k. The condo fees are also higher than these homes, which is $400/month. 2 of the units only have 1 bathroom, while this unit has 2 full baths. In the last 6 months the average sale price of 2 bedroom condos and coops within a quarter mil radius of this home is $554,000, while the median sold price is $754,414. To further emphasize the value of this home, nearby there is currently an updated 1 bedroom, 1 bath condo for sale asking over $500k.

So, why is this condo priced so aggressively compared to the market and its “current competition”? I think it is because as I have said in a couple different ways that this home has a very unique that people are either going to love or hate. The home itself is nicely upgraded and well kept. It is centrally looked, but people might object to not having a better view from the unit. Also, because of the number of investors in this condominium building, the home is not currently approved for FHA financing. So, the sellers have lowered the asking price of this home in order to try and attract more buyers.

If you or somebody you know is interesting in further discussing or looking at this home, please let me know. I always have time for your referrals.

Life is good!

Adam
adambashein@mris.com
CELL: (301)943-4370
301-718-4100
www.basheinhomes.info
Adam Bashein
Weichert Realtors
Licensed in MD & DC

Information deemed to be accurate, but not guaranteed.

Wednesday, January 5, 2011

Updated 3 Level home in Foggy Bottom, DC with private bath in each bedroom!



Welcome home to 2314 L Street,NW. A very well kept 3 bedroom,semi-detached home in Foggy Bottom,Washington DC. MLS #dc7448925. The home is spacious and a great alternative if you have outgrown your condo/co-op living and/or would prefer the privacy of a semi-detached home.

This 3 level brick home with hard wood floors was built in 1980 and is in a prime location,with a "walkscore" of 98/100(walkscore.com). It is near Foggy Bottom Metro,many restaurants,coffee shops,convenience stores and shopping (including Trader Joe's). It also near such place as the World Bank,George Washington University,George Washington University Hospital. I was also personally intrigued by this Keller Williams' listing home because it is almost directly across the street from my first home in Washington,DC. I used to live in a condominium unit at 2201 L Street, NW. I also loved the location because it was near but not in the midst of "the business district".

It is also a perfect home if you and your guests have cars.Street parking is hard to find and so some people whose homes don't come with a parking spot rent garage spots,which is extra money for somebody to budget each month. A unique feature of this home is its 2 off street parking spots!

As you enter the home through the side entrance,if you walk down the hall toward your left is the washer dryer and powder room. Going forward you enter the updated table space kitchen,which has granite counter tops,newer cabinets and updated appliances. If you feel like eating outside or just catching fresh air,there are sliding doors from the kitchen to a flagstone patio with wood trellis. Back inside
and across the hall is a larger dining area for entertaining.

On the second level of the home is a large family room,which features a fireplace. If you ever needed a fourth bedroom,this room has a closet and I believe would qualify as a legal bedroom. Across the hall is bedroom number 1, a good size room which has a private updated full bath.

On the third level of the home is the second bedroom and third bedroom/owner suite...both are good sizes and again have their own private full baths.

In summary,all 3 bedrooms have private full baths! That is quite hard to come by.

If you want/need office space,there is a foldout ladder leading to the attic. I would suggest insulating the area and adding lighting, to make it a great living space. There is also additional storage space in the attic.

This home's asking price was recently reduced to just under $800k. There is no condo fee or H.O.A. fee. Speaking of condo fees,if you have been searching for 3 bedroom condominiums in Foggy bottom/West End area that are currently active on the market,you will notice the average list price is over a million dollars plus the monthly condo/coop fee.

Overall,I think the home is in an amazing location and is in very good condition. The unique features of this home, specifically the flagstone patio,separate dining and living room, plus private baths in each bedrooom make this home an amazing value and will grab the next buyer's eyes when he/she is ready to sell. And, don't forget 2priceless off street parking spots!

The home is at a price point where I believe it will soon get an offer. Don't miss this great opportunity. Call me today.

For more information about the home please see the link below. If you or yours is interested in looking at this home or talking about the market,please let me know.

http://www.adambasheinsellshomes.com/DC/WASHINGTON/20037/homes-for-sale/2314-L-ST-NW-54541531

Life is good!

Adam
adambashein@mris.com
CELL:301-943-4370
301-718-4100
www.basheinhomes.info
Licensed in MD & DC

information deemed to be accurate but not guaranteed.

2010 home sellers who Made Money when selling their homes



According to a 2010 survey by the National Association of Realtors, on average, home sellers who purchased their homes 8 years ago realized a 24% gain when they sold (sold price 24% higher than the price they paid when they purchased the home 8 years ago). Sellers who owned their homes for 10-15 years saw an average gain of 40% when they sold. Every market varies.

If you or someone you know is thinking of selling your home,contacte me today for a free pre-market analysis of your home.

After evaluating your home,I will create estimated "net sheets" for you to see how much money you will earn on the resale of your home at different price points. While these net sheets are only estimates,they give you a pretty good idea of what your gain will be. I can also refer you to real estate settlement companies to dicuss what the net proceeds from selling your home will be.

Life is good!

Adam
adambashein@mris.com
CELL: 301-943-4370
301-718-4100
www.basheinhomes.info
Licensed in MD. & DC.
Weichert Realtors