Washington DC Property Management

DC Property Management after seeing a fall for the past 5 to 6 years is steadily picking up with investors keen on purchasing homes due to the perception that markets are bottoming up, and investors are mostly interested in buying foreclosed properties at a bargain and mostly paying in cash.  Even though investors find the low interest rates and home prices attractive that are unable to obtain loan from banks, which prefer only investors who pay 20% down payment and those who are having high credit scores.  Investors who are first time buyers find it extremely difficult to gather the huge amount for down payment and may have to wait for years before buying their first home.  People with ordinary income can hardly accumulate the amount to buy a house in cash and totally have to depend on credit, but the huge down payment acts as a deterrent to these investors.

The DC property scene is also seeing a shortage of homes for those investors who are willing to take credit even with the down payment, these homeowners who have purchased their homes in 2006 when the markets were at their peak, and now that the prices have fallen drastically, they do not want to sell their homes for a loss.  Owing to all these problems the housing market in DC area has been dull, with real estate firms unable to sell off their houses, the shutdown and weather being some of the reasons. The housing market has seen a sharp decline in sales amongst varied perceptions of the investors.