It was reported recently that
Washington DC had 17% of all real estate purchases written as “All-Cash” deals in 2019
. Washington DC does have one of the nation’s best real estate markets for sure and there are many cash deals, but that number can be deceiving. It is best to understand what is meant by “All-Cash”.
There are two types of “All Cash” deals.
One is easy; it is when liquid assets are wired to the settlement company and a property is purchased with real cash. There is a second type of “All Cash” deal where a property is paid with financing. This occurs when a Buyer might be competing in a multiple-offer situation and they need their offer to stand out in the crowd in order to win. An offer is written as “All Cash” but the Buyer really gets financing on the home. The purchaser knows they can get financing and doesn’t make the offer contingent on any financing or appraisals. They win the house and still get financing.
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The Kimberly & Daryl Team has a much higher percentage of “All-Cash” deals.
52% of our contracts in 2019 were written as “All Cash” because they had No Financing Contingencies. 35% of our deals were purchased with actual cash.
What does this mean for you?
If you are Selling your home, Washington Fine Properties and The Kimberly & Daryl Team have greater access to Buyers who are solid financially though our networks and client sphere. Our Buyers are more than 50% likely to be able to purchase a home with no contingencies.
If you are a Buyer you may not have the funds to buy a house with all cash. Most of our Buyers don’t have large amounts of cash to pay outright on a home purchase, and in fact, 65% of all our deals in 2019 were financed.
The Kimberly and Daryl Team are the gold standard in Buyer representation
and know how to win homes in a competitive market even when their Buyer can’t pay as an “All Cash” offer.
Purchasing a home is one of the largest financial decisions you will ever make. It is in your best interest to work with skilled professionals in order to protect yourself and make smart business decisions. Mastering financing strategy is just one of the ways we create successful results for our clients.
If you want to win the dream house you’ve always wanted, The Kimberly & Daryl Team will make it happen.
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4901 Klingle Street, NW
$2,945,000
Massive 7BR/6FBA/2HBA new construction home in Kent with soaring ceilings on almost 7,000 SF. Designed in Santa Barbara style living with open floor plans, private garden and an oversized two-car garage.
OPEN HOUSE: Sunday, January 26th 1:00-4:00PM
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1711 Kenyon Street, NW #2
$1,025,000
New construction & investor alert with nearly $60,000 in annual rent! Wonderful tenant who pays $4,933 per month through December 31st, 2020. 2BR/2BA, two-level penthouse condo that spans approximately 1,416 SF and includes a private rooftop deck and off-street parking.
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2019 13th Street, NW
$999,000
What a Wonderful World; if these streets could talk. 2019 13th Street NW is an updated residence in the world’s jazz epicenter now known as The U Street Corridor. This home encompasses 4 bedrooms and 3.5 baths with a generously sized, open-floor plan that is flooded with light from the West. With three levels of living, two are for the homeowner and one as a legal rental.
The home includes a private deck and a secured parking space.
Located in a neighborhood thriving with performance venues, restaurants, bars and shops.
OPEN HOUSE: Saturday, January 25th 1:00-4:00PM
Sunday, January 26th 1:00-4:00PM
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#1
on the East Coast for the
Highest Average Sales Production
per agent
#1
for the
Highest Average Sales Price
on the East Coast
#1
in the Capital Region for
Top Ranking Agents
#1
for
Luxury Sales
#1
in
Global Reach
. Member of three global networks giving our clients the largest and most extensive global reach in 6 continents and 40 countries
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Search For Your Neighborhood Home Here
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Are you looking for property in a specific neighborhood? We have created searches so you can focus on the areas where you are most interested in your home search. Click on any of the following neighborhoods to see a list of properties currently for sale. If you would like to schedule an appointment to view any of the properties, please give us a call.
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Backed by the prestige and power of Washington Fine Properties, Kimberly & Daryl's track record speaks for itself. They are consistently ranked among the top teams nationally and locally, with over half a billion dollars in sales.
They are referenced as “
Power Brokers
” and “
Real estate phenoms
” in the press and have recently been featured in the Wall Street Journal, Washington Post, NY Times, Capitol File, DC Modern Luxury, Washingtonian, Washington Life, Washington Business Journal, the Georgetown Dish, and more.
Their reputation has been forged by offering the same level of dedication and enthusiasm to each transaction they pursue. With access to private listings, developer pipelines and their finger on the ever-changing pulse of the Washington, DC market, Kimberly & Daryl give their clients an undeniable edge.
- Average Days on Market: Seven
- Average Sales Price: $1,244,100
- Average Sales Price Over Asking Price: 101%
For many of us, buying and selling a home is the biggest financial transaction of our lives. Accept nothing but the best, with
access to the finest
.
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