'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
Despite the end of the federal homebuyer tax credit - home-purchase contracts had to be signed and ratified by April 30 to qualify - potential homebuyers have plenty of other opportunities for down-payment and closing-cost assistance along with low-interest mortgage loans that can make it easier to afford a home.
"Sometimes you can write an offer to purchase that allows the seller to pay all the closing costs so that the buyers can concentrate all their cash on the down payment," Mr. Dean says.
"The District's first-time homebuyer tax credit of $5,000 is a great option because you can have owned property in other locations outside the District," says Steve Dean, a Realtor with Re/Max Allegiance in the District. "As long as the buyers have not owned within the previous the year in the city, they can qualify."