Erika Anderson, Realtor

Erika Anderson, Realtor Real Estate Agent serving Washington, D.C.

Shopping for Rates -
10/10/2024

Shopping for Rates -

When you're in the market to buy a home with a mortgage, you'll no doubt notice that advertised rates fluctuate daily and between lenders. A number of factors contribute to the mortgage interest rate that you'll be able to get. Luckily, Urban Turf compiled a handy list of many of the reasons why you...

Renting Your Condo and Buying a House with a Non-Spouse -
10/03/2024

Renting Your Condo and Buying a House with a Non-Spouse -

Before you buy a condo, it makes sense to carefully review the rental restrictions in the condo docs to see if you'll be able to rent it when and if the time comes. Because condo owners share ownership of common elements, the bylaws often set rules about how and when you can rent your unit. The comm...

Flippy Zips and What is iBuying? -
09/26/2024

Flippy Zips and What is iBuying? -

Flipped homes. You know the ones I'm talking about. It's the house on your block that's gray with white trim, has simple and clean landscaping, a neutral, freshly painted interior, and shiny new appliances. According to a study from ATTOM, three DC zip codes saw average profits of more than $200,0...

Temporary Rate Buydown -
09/19/2024

Temporary Rate Buydown -

Buyers who are planning to purchase a home with a mortgage right now are very reasonably concerned about how interest rates have affected affordability. Permanently buying down your interest rate with mortgage points is one way to offset your monthly costs. Another way to mitigate the sting of highe...

The Interest Rate Waiting Game -
09/13/2024

The Interest Rate Waiting Game -

The good news is that interest rates are coming down! In fact, we're currently seeing rates at their lowest levels since February of 2023. Like gas prices, mortgage interest rates will continue to fluctuate and it's important to keep an eye on the trends. While every little bit counts, it may not be...

All About ARMs -
08/29/2024

All About ARMs -

No, not that kind of arm. Today we're taking a look at ARMs or Adjustable Rate Mortgages. As mortgage rates remain a bit higher than they once were, ARMs become an increasingly attractive way to offset higher costs of borrowing. Differing from fixed-rate mortgages, your interest rate with an ARM ...

Rate Improvement and Condos are King -
08/16/2024

Rate Improvement and Condos are King -

We've all been waiting patiently for mortgage rates to drop, and we're finally seeing the lowest rates we've seen in 15 months! On August 15th, Freddie Mac reported that the average rate for a 30-year fixed mortgage was down to 6.49%.   

Pretty Promising Profits and Most Affordable -
08/09/2024

Pretty Promising Profits and Most Affordable -

Despite high interest rates causing some buyers to bow out of the market, we've still seen high demand for a low inventory of DC homes especially in the cash-heavy luxury market.  ATTOM Data Solutions reports an average seller profit of $196,000 in the District which is a 51 percent increase ...

Mortgage Points Refresher and Days on Market -
08/02/2024

Mortgage Points Refresher and Days on Market -

With the rise in interest rates, you've probably heard the terms "mortgage" or "discount points" bandied about and may be wondering what they are and how they may be beneficial. Hunter Church at Prosperity Home Mortgage says, "Discount points are a lump sum of interest paid at settlement to ...

CMAs and Escalation Explained -
07/18/2024

CMAs and Escalation Explained -

What the heck is a CMA? It stands for Comparative Market Analysis and it's the best way to find out the value of your home. As Realtors, we have access to the most up-to-date information about real estate sales in the area and we know how to interpret that data to determine what the market wi...

Renters Insurance and Senior Discount -
07/11/2024

Renters Insurance and Senior Discount -

If you rent your home, your landlord definitely has a homeowner's insurance policy, but you should really have your own insurance, too. While your landlord's policy covers many parts of the home, it doesn't cover all of your stuff inside the home. According to Urban Turf, here's what a renters insur...

Self-Staging and Home Inspections 101 -
06/21/2024

Self-Staging and Home Inspections 101 -

The idea of staging your home before you put it on the market might scare you, but it doesn't mean you have to move all your furniture out. Here are some simple techniques that could result in your home getting sold more quickly, and for more money! Clean it!  A clean house is a marketable ho...

Address

2300 Calvert Street NW
Washington D.C., DC
20008

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

+12024836300

Website

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