Buying real estate in DC
First off, a big thanks in order to all those that replied to my msg's back in Dec 2008/Jan 2009 when I had questions of where to live in DC. The locations that were suggested were great. Thank you.
I am considering buying a condo here in DC and was wondering if there were any DC-specific fees associated with the usual purchases of real estate? I have properties elsewhere and understand there is the monthly mortgage, closing costs, utilities, and DC has a .85 cents for $100 property tax. Anything else that I'm missing that you can think of? As DC is unique in its own way of not being a state, I don't want to purchase something and then be blindsided by a payment I wasn't prepared for.
My main focus is in the Dupont/West End/K st/Chinatown area for at least a 1bdroom condo near the metro and a garage. Coops are fine to live in, but I know I won't be in DC for very long and want the freedom to rent it out when I leave. How much does property management cost in DC? What are the best banks to go for mortgages? Should I do regional (Chevy Chase) or national (BofA, Citi, etc...).
Anything anyone has to offer will be greatly appreciated. Thank you.
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