Tuesday, September 20, 2011

Real estate round-up: September 20

Check in every business day for the latest edition of Real Estate Round-up, where we post a list of our favorite real estate news stories from DC and beyond.

Headlines from the DC Metro Area:

New refinancing options for lower title fees
Washington Post

In the Washington area, Federal Title & Escrow provides as much as to $1,100 off total closing costs for home buyers who use its online "Real Credit" software platform for their transactions.

Insurance a must-have for condo owners
Washington Times

Homeowners need to make an estimate themselves of how much it would cost to replace all their clothing and personal items in case of a total loss because of a fire or some other disaster.

National real estate news stories:

Top 10 home improvements that pay you back
AOL Real Estate

It's a buyer's market, and between tighter purse strings and plenty of properties to choose from, shoppers want homes that are move-in ready and free of the need for home improvement projects that will add to their own bottom lines.

There's more to refinancing than low rates

Closing costs are critical to the decision, and you typically don't know the exact closing costs until the day before closing. You have to decide if it's worth chasing these lower rates.

The newest threat to home prices
CNN Money

On Oct. 1, higher limits are slated to drop back down again in expensive markets nationwide � ranging anywhere from $483,000 in counties like Monterey, Calif., to $625,500 in cities like New York and Washington.

Saving on mortgage taxes
The New York Times

It's important to inquire about a mortgage assignment at the very beginning of the refinancing process, mortgage experts say, because locating and transferring all the necessary paperwork could be time-consuming.


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