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Location
Georgetown is nationally-renowned for the beautiful college campus located in the community, but it is also a fantastic place to live. If you have been searching for luxury real estate near Washington, DC, then you should consider buying property in Georgetown!
Luxury Homes
Whether you choose to live in a house along the Potomac, or in an elegant apartment with easy access to the National Mall, Georgetown offers plenty of real estate options. In addition, Georgetown features numerous restaurants, parks, and other amenities for the residents of the neighborhood.
Neighborhood
While Georgetown is certainly known for the college campus at its center rather than the surrounding community, the neighborhood still offers fantastic opportunities for luxury real estate. Not only is this neighborhood the home of many historical landmarks, but it has also served as the home of many notable people throughout history.
WHAT MAKES THE DC TEAM UNIQUE?
01.
The DC Team has vast knowledge of the Washington, DC real estate market
Deborah has the expertise and negotiating skills to get you the price you deserve
02.
The DC Team offers award-winning services
Our team has licensed Realtors® who understand the market
03.
We will work diligently to ensure you get the right property for your needs
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WASHINGTON'S CHOICE FOR REALTORS
If you would like to learn more about one of our luxury real estate listings in Georgetown or any other Washington, DC community, call The DC Team. We will help you find an elegant, stately house perfect for your needs and desires.
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Have you been looking for a stately and luxurious home in Washington, DC? Since there are numerous neighborhoods that feed into the city, each of which boasts unique and historic homes, it can be difficult to find the right place for your situation.
Realtor® , The DC Team
A REALTOR WITH MORE THAN EXPERIENCE & PASSION Whether you’re relocating to Washington DC...
An Insight into the Real Estate Market
The housing sector of the economy has had its demand increase for the last couple of years. The real estate industry has ever since been of the high with projects north and south considering the market’s demand. The growth is notable from the increased structures, the hiking in the number of real estate agencies, and the level of creativity put in every project.
But that aside, let’s not consider the whole scope of things and focus on a specific market – Georgetown, DC real estate. Before we can consider the listing of properties available in the Georgetown, DC real estate market, let us learn a few facts about this lovely place.
So why would you want to be associated with properties in Georgetown?
What does the district have to offer?
Apart from the famous Georgetown University, below are some other attractive facts about the place;
- Hotspot for ancient history - Old Stone House, Dumbarton Oaks, Exorcist Steps, House of Swede, Chesapeake & Ohio Canal National Historic Park, Mount Zion Cemetery, Oak Hill Cemetery, Tudor Place, Georgetown University Dahlgren Chapel Quad, and Georgetown Waterfront Park.
- Entertainment - Potomac River and Washington Harbor activities, grabbing a meal in the 100+ available restaurants and shopping in the famous fashion stores. Others include enjoying a walk in JFK steps, the live jazz experience at Blue Alley, get it all at Book Hill, want the Escape Room live experience, etc.
- There are good schools, well-equipped health facilities, and provision of all social amenities.
There is an endless list of why Georgetown is an ideal place to be, but that’s beside the point. Let’s take a look at what the Georgetown DC real estate market has to offer.
Commercial vs. Residential
The properties in the area are divided into two; commercial and residential. They individually have almost similar requirements, but there are significant differences in the contracts. Let’s find out more.
Commercial
Commercial properties are purposed to be used for running businesses regardless of the nature of the company. These properties are strategically positioned where they can attract a good number of clients since it is business-based. The terms and documentation are somewhat detailed, and you will find conditions such as the need for proof.
- Certification of the kind of business that you’re doing
- Financial documentation that supports your ability to pay rent, a security bond, any outgoings, and legal fees
- Arrangement with your insurance to fit the policies
- Commitment to repair and maintain the property.
Other than the conditions in place, the lease will also contain information such as rent details, permitted use clauses, security deposit info, etc. Examples of commercial properties are shops and offices.
Residential
Residential properties, on the other hand, are properties that clients will live in them. They differ in design and size compared to the commercial properties, and their location is also different.
Unlike commercial properties, residential ones have various apartments, condos, multi-family, and single-family homes, studios, and villas.
The terms and documentation of renting such property will focus on your identity and ability to pay, considering these are places to live in.
However, maintaining the property is on the landlord, unlike how things are for the commercial properties.
Featured 
3331 Ely Place SE, Washington, District Of Columbia 20019-2346
$499,999
Residential, Single Family Home
Renting vs. Buying
The primary question that many people ask themselves when it comes to making the big decision of moving to a new property is whether they should rent or buy the place. There is much confusing information out there that might mislead you into making a decision that will affect you later. Let’s learn about the two, and then we will give you our professional advice on that.
Renting
Renting also referred to as letting or leasing, is using a property for a particular agreed time. Renting a property is under contract, where you will agree to the terms, including the period in which you will stay at a specific property.
The renting contract bounds you on the separate agreements made between you and the property owner, and the terms will last for as long as the contract lasts.
So what are the benefits of renting a place?
- While renting, all the repairs and maintenance needed for the house are done by the property owner.
- Someone renting a place will be free from real estate taxes.
- You have the option of trying out several places before you can decide where to move. The flexibility also works for you, especially if your nature of work is field-related.
- People who rent houses get lower insurance cuts and utility costs.
- Renting a place puts you in a position of enjoying all the amenities.
- Renting does not require any down payment.
- Rent amounts are usually fixed and affordable.
Buying
Buying is the other option for properties, and this is the correct way if you want to achieve ownership. Contrary to constructing your own house, where you will have to go through looking for an architect, engineer, workers, and construction material, you get to buy an established home or office. You have to be aware that the buying process is long unless you opt for a cash purchase. There are several regulations in place that depend on the property of interest to you, but you will enjoy the following benefits;
- It is an opportunity to build equity as houses tend to increase in value over time.
- Assurance of living security since the property will be under your name and no one can claim otherwise or vacate you.
- You have the opportunity to decorate and renovate the house to your liking.
- You have a cost advantage as the mortgage servicers cannot increase the pay agree in the contract.
- As much as you will be paying a mortgage, which is somehow like rent, you’ll have saved at the end of the payments since you will own the property.
- It is the best long term investment.
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Importance of Realtors
Realtors are real estate professionals who help you in all matters, buying, selling, and leasing properties. The qualified personnel is of great importance since they bring in the knowledge and skill to your advantage if you have any real estate inquiries. Some of the significant duties that they partake to your advantage include;
- Realtors help you to buy and sell properties and provide you with knowledge of market value and the expected processes.
- They have exceptional marketing and negotiation skills.
- Realtors are well aware of the Georgetown, DC real estate market that includes the trends and useful evaluation of the property.
- They bring in their reliable social media coverage.
- Realtors have the composure to be professionals even in heated conversations.