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Reply to "TOPA exemption for SFHs in DC - will this create more supply?"
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[quote=Anonymous]We are now strongly considering selling our rental rowhouse in core DC that we bought for a song 15 years ago. We've always been able to find decent tenants and get a good rent price, so the TOPA headache contributed to our inertia in selling the house. But now that TOPA looks to be eliminated in about 45 days and with interest rates rising, we are very likely to pull the trigger and make a couple hundred thousand dollars in profit. I predict we may see a mini surge of sales over the otherwise quiet summer months. I expect other landlords to issue the 90 day notice to tenants right after the TOPA legislation is signed and houses will hit the market in August and September. Anyone else considering a similar course of action? [/quote]
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