Virginia, Maryland and Washington DC Real Estate Search

Portfolio Realty is a premier real estate firm serving Virginia, Maryland and Washington DC. The DC metro area real estate market demands high levels of skill, proficiency and knowledge. Whether you are eager to buy your first home, sell your nest egg, invest or relocate to the area, it is important to protect your investment by working with a local market expert.
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First-Time Homebuyers Have Advantage in Mortgage Market
First-Time Homebuyers Have Advantage in Mortgage Market

This means it’s a great time to enter a mortgage transaction right? No, not exactly. If you can qualify it might be. The 2 biggest issues are going to be your credit and the down payment. These are the big guns that are going to decide whether you can get a mortgage or not.

Senate Approves Tax Credit Extension!

Yesterday the Senate passed legislation to extend the $8,000 first-time homebuyer tax credit to May 1st, 2010.  It also will allow a $6,500 tax credit for repeat buyers if they’ve lived in their home  for 5 of the past 8 years.  The home price cap is at $800,000. Under the bill, income limits are expanded […]

Process for Foreclosures Gets Longer

According to recent reports, banks and mortgage servicers are being more careful by dotting their i’s and crossing their t’s.  The foreclosure process can take up to 2 years now to foreclose on defaulting homeowners.  So those of you that think the foreclosures are going to slow down and the market is going to bounce […]

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Homeownership Tax Benefits

The question that always comes up at the settlement table or a few weeks after closing is, “What are the tax benefits that I get now for owning a home?” As much as I would like to help my clients out and provide top notch service, I am not a bona fide tax professional.  I […]

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