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Reply to "Looking for 3 br house or town house in dc chevy chase/friendship heights area below 700k"
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[quote=Anonymous]We bought ours last year (3bd, 2ba TH in CCDC), and our budget was $650. It was in move in condition and has a lot of charm, but it is small by DCUM standards (1500 sq ft total). We moved here from NYC, so it seemed really spacious to us. Even during the depths of the recession last year when we purchased this house, there were multiple bids within a week of its listing. I think this is because--as PPs have noted--finding a 3br/2ba home for under $700K in the Lafayette/Murch school districts is very, very competitive, particularly for homes that are in move-in condition. My advice: We weren't the highest bidders, but we had the strongest financials. Make sure you can comfortably put down 20%, have steady income sufficient to pay the monthly mortgage, and put down a solid earnest deposit. If we sell this home, we want to make sure that the transaction doesn't get held up by financing (and this was the reason why the sellers chose us, ultimately).[/quote]
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