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Drones illegal within 30 miles of Washington, D.C

by Amy & Mike King

Drones To Remain Illegal To Operate Within Washington D.C.

January 19, 2016  |  by Ellen

No Drones in DCInman News tipped us off to the important piece of information that came out with the latest announcements about drone regulations. It will remain illegal to operate a drone within the thirty mile radius of Ronald Reagan-Washington National Airport, which includes all of Washington D.C.

These rules apply to both hobbyists and professional users, such as real estate professionals who want an aerial photograph of a listing. Violation of this rule can result in a fine and possible jail time. 

For anyone who owns any type of drone, the FAA requires that they register it and display the registration number on the drone itself. Check out our previous coverage for the latest FAA regulations.

- See more at: http://mrisblog.com/blog/drones-to-remain-illegal-to-operate-within-washington-d-c/#sthash.mqq3C7lv.dpuf

The spring real estate market may be arriving early this year

by Amy & Mike King

We've noticed an increase in listing volume in the past several days. This is unusual at this time of year and may be due to the unseasonably warm weather we've been having. The spring market may be arriving early this year. Stay tuned-

Very cool tiny house

by Amy & Mike King

Check out this tiny house - we love it!

Federal Reserve moves on interest rates - finally

by Amy & Mike King

An excerpt from an MSN article:

Some Mortgage Rates Will Rise

Contrary to popular belief, not all mortgage rates are directly related to the decisions of the Federal Reserve Board. Adjustable rate mortgages and home equity lines of credit will be most impacted by the Fed rate hike, but most 30-year, fixed-rate mortgage rates are based on the 10-year Treasury bond, according to The New York Times. Prices are determined according to a number of factors, including long-term economic growth, inflation outlook and short-term interest rates.

If you have an ARM that currently has annual readjustments or will soon, you might want to consider refinancing it to a fixed-rate mortgage now because doing so could save you a significant amount of money in the future. Conversely, if your adjustable-rate mortgage rate is locked in place for a few years, it’s probably best to wait and see what the future holds.

HELOCs will likely rise with the Fed funds rate to an approximate average of 5.5 percent, reported The New York Times. Locking in a fixed rate tends to result in a rate increase, so take the size of your loan and the amount of time you plan to pay it off into consideration before making a move.

It's always a good time to sell in the Washington Metro area

by Amy & Mike King

The holidays are upon us, and this is usually a slower time in real estate.  However, we're lucky to be in a transient, metropolitan area.  If your home is priced right, and is updated an clean, we can get it sold!

We're hoping this holiday season is peaceful for you.  

Displaying blog entries 1-5 of 5

Contact Information

Photo of Amy & Mike King Real Estate
Amy & Mike King
King Real Estate, Inc.
15308 Morningmist Ln
Silver Spring MD 20906
Amy's cell: 301-467-1877
Mike's cell: 301-467-5677
Fax: 301-598-1446