.....

RE Library Home

Search Library

Add This Library
To Your Web Site

Real Estate Forum

Advertise With Us

Submit Your Articles
To This Library

Library Site Map

White House Would Be a Hot Property on the Open Market - 7/12/2004 - Real Estate Home House Condo

White House Would Be a Hot Property on the Open Market

Being able to call the White House home is an incentive in itself for seeking the presidency of the U.S., according to research by HouseValues Inc.

According to a story appearing in the July 7 issue of Building Online, leading real estate agents across the country were asked to review price-per-foot data and the home features and historic significance of the White House to determine its asking price.

The prominent piece of real estate at 1600 Pennsylvania Avenue would be listed for $106 million, the survey concluded.

With 10% down, the home’s purchaser would need an annual salary of at least $18 million to qualify for a jumbo 30-year, fixed-rate loan at 7.5% to buy the 132-room house. Or they might have to consider turning it into a bed and breakfast.


Related Articles:
Major Initiative For ‘Workforce Housing’ in Communities Across Country | Homebuilder Semantics - What Does 'Base Price' Include in a New Home?
Winning Your Way Into Your Neighbors' Hearts: A Few Tips | Demand for Building Materials to Remain High in 2005
 

Article reprinted with permission Copyright ©. Article presentation format, categories, and content management system Copyright © Nemmar.com.

.....


Copyright © 1990-2007 All Rights Reserved - Terms and Conditions Our copyright is very strictly enforced!
Page copy protected against web site content infringement by Copyscape