Tag Archives: Jtrotman Group

Property of the Week: THE LOGAN MANSION

The Logan Mansion is originally built by Ulysses S. Grant, Jr. and renovated by P.N. Hoffman in 1998. It is located at 1 Logan Circle NW #7, Washington DC 20005 in the heart of Logan Circle. This luxury Victoria building was built in 2007 and is within walking distance to Shaw & McPherson Metro, local […]

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Is your Realtor a “Used Car Salesman?”

DISCLAIMER: Some of my best friends are car salespersons. This post is no reflection on the automobile industry or the talented men and women who provide professional customer service when selling cars everyday. In all industries, as a consumer we frequently come across three different types of service providers: GREAT, BAD, and the “NOT IN […]

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Termites: The Other White Meat

Termites are a big issue when dealing with homeownership. Simply put, they eat houses and buildings! They cause over five billion dollars worth of damage every year for homeowners. You will NEVER see only one termite because they gather together in colonies. A small group or colony of termites (approximately sixty thousand or so) can […]

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Montgomery County HOC Purchase Assistance Program

Many local jurisdictions offer assistance programs to promote homeownership to first-time homebuyers. One such program is the Montgomery County HOC purchase assistance program which was modified with new program features to allow more people to qualify. Here are the new features: Two 30 Year Fixed Rate ZERO point options: OPTION 1: 3.625% OPTION 2: 4.0% […]

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My DC Food Review: Big Bear Cafe

DISCLAIMER: So, I’ve decided to write my thoughts about some of the recent restaurants I’ve visited over the past few months. I’m no food critic nor pretend to be… What is Big Bear Cafe? Big Bear Cafe is an independent coffeehouse in the Eckington neighborhood located at 1700 1st Street NW (corner of 1st and […]

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Property of the Week: The Icon Condominium

LOCATION The Icon condominium is a 5-story, 19-unit building developed by The Bundy Development Corporation. It is located at 1320 13th Street NW, in the Logan Circle neighborhood. This building was built in 2003 and walking distance to McPherson metro station, local restaurants, and grocery stores. The Icon Condominium is a great addition to Logan […]

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What are Mortgage Escrow Accounts?

A common question from first-time homebuyers when purchasing their home is “What is a Mortgage Escrow Account?” A Mortgage escrow account is used to help borrowers save money for property taxes and homeowners‘ policy premiums. Escrows can help prevent financial mistakes and it puts you at ease to know your bank is responsible for paying […]

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Why is the Tax Assessed Value is not a measure of market value??

During many listing presentations, I’ve had many sellers debate the value of their home based on the tax assessed value. The sad truth is that the tax assessed value is not a direct reflection of the current market value. The issue is that the local tax assessor’s office will assess properties every 1-3 years. Needless […]

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Dear homebuyer: Do not fall in love w/ the house

A common obstacle which arises when first-time homebuyers look for their first home is “Falling in love with a home!” Now somebody might say, “What’s the big deal? Isn’t the whole point to fall in love with the home you are going to purchase it?” The truth is falling in love with a home can […]

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What are Special Assessments?

Every condo owner dreads these two words: SPECIAL ASSESSMENT! The common reason why a condo has a special assessment is simply poor planning by the condo association. Special assessments are always often controversial and expensive. What is a special assessment? A special assessment is a fee approved by a homeowners association to cover items, usually […]

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