News and Resources Posts

So who pays the buyer agent fee? It's not as straight forward as it appears.The buyer's agent fee, cooperative commission, is listed on all properties for sale in the Multiple Listing Service. It is shown on the settlement sheet as a debit from the sellers proceeds. However, it is the buyer who finances the transaction with a loan or cash.

An earnest money deposit, or EMD is a sum of money that the buyer deposits into a non-interest-bearing account, typically with a title company. This deposit is usually anywhere between 1%-3% of the total sales price of the home and is made once a buyer's offer has been accepted by sellers. ‍

Mayor Muriel Bowser has launched the Black Homeownership Strike Force or BHSF in an effort to address home ownership disparities in Washington D.C.‍For years, Black Americans across the country were intentionally excluded from the opportunity to purchase homes and build wealth. 

This video from HomeBuyer Brokerage gives a quick overview of Silver Spring Maryland. Adjacent to Washington D.C., Silver Spring Maryland has four Metro stations on the redline, restaurants with cuisine from around the world, and a variety of home styles.

The Tenant Opportunity to Purchase Act was enacted over thirty years ago by the D.C. Council. It was an effort to protect renters from being kicked out of their homes without appropriate notice from their landlords.