When it comes to real estate in Washington DC there are many bargains out there and if you are a home buyer this is your time to shine.  The benefit of being a home buyer today are the interest rates and you can afford to be picky, depending on the property.  You may be looking at five houses or condo but which one is best for you?  Which one has the best schools, the best amenities, the best features?  Maybe two of them do, you can make offers with both and see which seller will give in more.  Today’s home buyer has the position of bargaining power.

Low mortgage rates, which are at historic lows (hovering around 4.7/8) and do not appear to be rising any time soon.  Low mortgage rates alone help make the cost of buying a home more reasonable than in recent years.  High inventories are making home prices competitive and short sales, while they may have slowed, are still coming.

The bottom line is that it is possible to find a great real estate bargain today in the U Street and Washington DC area.  There are sellers that are motivated out there and if you are a buyer you have an opportunity to stand your ground and try to get the best deal that you can. While home buyers are at the beach this summer you can take advantage and be a proactive buyer by previewing and maybe finding a wonderful home which has has gone unnoticed.

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