Evening Star Newspaper, March 16, 1929, Page 20

REAL ESTAT WASHINGTO ESTATE. X, D. C. SATURDAY. VARCH 16, 1929.° Schwab, H. L. Rust, jr.; {Edgar D. Turner, H. Clifford Bangs, 20 ' REAL ESTATE BOARD PLANS HOME BUYER HELD TO IMPROVE TRADE TACTICS EX[:E“-EN]- RISKConVention to Be Held at 6]illard Hotel | Wednesday as Means of Improving | TR o, o e | Many Agencies Ready to . Methods of Salesmanshlp. X | present-day real estate problems. | man, Hi Y. Edward Fowler, David E. Barry Walter M. Bauman, | Described as Business Clinic. | Joseph A. Herbert, jr.; | ERCS— | methods, market trends and organ Payment Plan. sales efforts will be discussed, it 15 the association veled an average r in making 1.000 estate boards in pract State n_the Union. As sales counsell To Iearn how to sell prope effectively and in increasin and to enliven their optimism bition, Washingion realtors with Mr. | 52 0,000 ts to ever: the real Topics n ‘The man who is saving to buy a home is such a good bet that many agencies make it their sole business to help him. are has | e ; i and “Building a Clientele.” After each says the National Association of Rea Sales Sonvention at | tion of the mational assoeiation in re- | LOPIC i discussed questions will be an- Estate Boards in an article on how the Willard Hotel | spect to sales developments. He has S¥ered by wo visiting experts. home ownership can be financed. under the auspices written numerou: In line with the ey D'?l y of ren- A i 1t bfihe SWashing Sallles trea fering specific service to its members, The home buyer so rarely defaults on T S i, v, Wemster xaia Boe || his payments that capital regards the | i tha aged this home town convention to Between 300 and o 400 loca! real tate men most humble purchaser as a good risk, bring to its members the newest and life insurance companies, mortgage | e of the national lcaders conducting houses, real estate men, national banks pected o S convention are practical real estate men, and building and loan associations lend | the two essi 0 in recent years have been special- the c zibg in the development work of the millions of dollars to make his dream | ays the association. ?1?: af‘ih national association, Mr. Webster said. iation describes the building p.m.—whi plans and loan plan and quotes Dr. Horace F. | &’,mm':] g il trained i n D. C A c. itects Dfmgn Hotel. Clark, educational director of a build- | A, John Berger, director of exten- -\"&“ t Two Washington architects are de- loan institute of Kansas, | PEEPONTmINE islion: ‘depart B o tee 1o Han. | SIZNeTs of a new 500-room hotel, hav- City, Mo.: Iand A. John Berge, sales counselor, of ",fi‘fi dle Aftendance, | ing an estimated construction cost of “A great many pmplf mif {";"‘.l\"; ‘r;:“ _:-‘Oml Association of Real Estate (A spesial com- | approximately $2.000.000, to be erected 2 s re sl york of Six Years Outlined, [ te o i begin buying a home.” says Dr. Clark, | {n | Webster to handle_the at William Douden and Robert F. Beres- “but all that is necessa the conventi This com ford. Peter Magaro is to be the owner. es D. Sager, R. B. Shapiro, Morris Cafritz Smithy. Jesse H. Hedges Trew, John Saul, Milton F. able down payment. Of course, larger the amount which a family has saved, the easier it will be for them to finish’ paying for a home. Loans Easily Made. “In every city of the United States|guate fire and windstorm inst there are enough building and loan as- | Foloncrmiet the building it sociations to supply all the money need- | aged There must be n other ed by home buyers who wish 10 pay off | ahead of the building associatio their loans in monthly payments, and | gage. this_is true in practically all of the | ™=To make certain that these t smaller (r;wnl: as well. T“::: a;(; -“(‘E‘: are all cared for, a loan fee or comr 13,000 of these associations | sion is many associatic United States, and the amount of money | which, for a $3.200 loan may they have available or already have m-’mr way from $10 up to $1Q0, d Chimbor Ecuador a levi oleanic peak | ber of constituent local board | organization have increased | proximately 300 to over Mt. Pleasant Only One Beautiful Brick Colonial Home Left Large, spacious Recep- tion Hall epening upon a large Living Room and with direct entrance to maodel Kitchen. -Big Co- lTonial Front Porch, Baths. Large rooms and spacious close ire- Only available home of this character in the close-in Mt. Pleas- See it vested is something over $8.155.000. ing upon the ‘expense to the asso ch building and loan association | tion of making the necessa: (they are called ‘savings and loan asso- | t and putting the loan upo: clations’ or ‘loan and savings assocla- | books. This wide range in costs d tions’ in some places) has its own meth- s pendg upon local conditions, apprais ant section! Sunday sure! fhogrs, The S-andard of Comparison od of operation. but in one particul 'g.._ #tiomey's fees. eto. In s0 i s, Fires g It e i s o et o s L‘-:}‘.nrfil"\dnfi“l\i:‘t‘llfl;ul"‘\‘t“ money on first mortgages, repayable on | plox than elsewhere, in artstically fnished, mak Most of | mortgage laws are cumbersome must be complied with, in others distance from the office of ciation to the location of the pre 5 so great that it takes an un the monthly payment plan. them expect the borrower to pay at least 1 per cent of the loan every month, and the wise borrower will try to par a little more than this. Th more he can comfortably pay on his|amount of time to go out and in loan, the sooner he will be out of debt | it. In all cases the associatior and the sooner his home will become | just as small a charge f his very o | as it can, as its one de: “For example, if & purchaser wishes | its members into their homes at to buy a home worth $4,800 at a con-| it possible cost. servative _appraisal. the building and | ‘These loan fees are payable only loan assoriation will lend him about once—regardless of how long the loan $3,200. He must provide the other has to run. i $1,600 from his savings, or perhaps can| “When the borrower moves in, he be- | secure part. of it from the seller of |gins at once to pay a regular amount | the house, the seller taking back n_his loan every month. For our second mortgage to cover the amount $3.200 loan, he will pay not less t which is not provided in cash. The less | $32 each month, pdrt of which is in- there is to borrow on second mortgage, | terest and part repays the principal. the better, of course, as second mort- | If the interest rate is 6 per cent, it gage rates are’higher than firsts, and | will take about eleven and one-half I only a limited number of building and | years (139 months) to pay off that loan associations make second mort- | loan with the regular payments, If gage loans. the rate is 6'2 per cent, the same pay- THE BEST VALUE IN MT. PLEASANT See representative at 1736 Irving St. N.W, Open Till 9 P.M. Three Blocks North of Rhode Island Ave. 21 Feet Wide at the $8,950 il 2 o t4 - Right Point— .50 Mo. ¥ Making 6 Big RS S~ ment will take longer’ (144 months), A small cash payment Take First Mortgage. oF & ilgher SoAmiTiet AT ThesTen e Rooms will place you in this “For the $3.200 loan. the building | for repayment in less time. If the rate Colonial Front Porch beautiful home. and loan association will take back a|is 7 per cent, a still larger pay: Tiled Bath first mortgage on the property, th money is advanced when all the papers | are in order, the seller gives up posses- | sion, and the buyer moves in. 0{“50 months; $37.16 at 7 per cent in course there muét be a good title to!120 months, and so on) The more the property upon which the first|paid each month, the guicker the loan mortgage can rest. There must be ade- is wiped out. equired, if the loan is to be paid of in the same or less time. (Thirt; dollars would pay out at 7 per cent in Hot-Water Heat Sleeping Porch Breakfast Porch Built-in Garage Handsomely Decorated 201 DouglasSt.N.E. Open Sunday,9 am.t09 p.m. COME OUT AND INSPECT! Sha The Standard of Comparison NO OBLIGATION TO BUY! KANSAS AVENUE HOMES Exclusive Features 20 FT. WIDE, SIX LARGE ROOMS, REAL OPEN FIREPLACE, BREAKFAST AND SLEEPING PORCHES, CONCRETE FRONT PORCH, CAFRITZ WARDROBE CLOSETS, PARQUET FLOORS, 7%INCH OAK HARDWOOD FLOORS AND TRIM THROUGHOUT, ELABORATE ¥ & Clisllensge KITCHEN DRESSERS, KELVINATOR ELEC- ¢ TRIC REFIGERATOR, COLORED _ONE- & IN CHEVY CHASE. D. C. PIECE_SINK (BUFF), ARTISTIC TWO. COLORED BATH (GREEN—BUFF), GARAGE AND PAVED ALLEY .e Emerson St. Bus—14th St. Car—Ga. Ave. East at Emerson to Kansas Ave. 4917 Kaneas Ave. AFRITZ 1016 14th TUTK SG 659993 ! WANTED REAL ESTATE SALESMEN! An Opportunity for Two Ex- perienced Men Who Can Sell Houses—Apartment Houses Business Property Will consider drawing ac- count to competent man. THIS IS A REAL CONNECTION All Replies Confidential Address Box 352-H, Star Office 5514 Nebraska Ave. Detached Brick and Stucco $13.950 Owner Transferred Has Left Town House in perfect con- dition. Modern in all respects. Be sure to see this today. Reached via Connecticut Ave. to Nebraska Ave., then turn right on Nebraska Ave. to property. Open Sunday 10 to 6 P.M. HEDGES & MIDDLETON, In 1412 Eye St. N.W. Car Inspect this out- standing buy. Large living room, dining room, den, kitchen, breakfast nook, at- tractive bedrooms, large trees and garage. 1S g 3] | | | Realtors R g Your Opportunity We are here to serve the public. Werealize that the man who wants one board | needs it just as badly as the gent who buys a carload. If the Missus wants a shelf put up, send the boy over to the yard and we'll see that you get a good clear piece. Or phone us and we'll send To select your home in our Beautiful Brookland Development Thirteenth Place and .T'dylm' Street N.E, (Just scuth of Michigan Ave.) An Exclusive Neighborhood of Detached Semi-Detached and Group Homes priced as LO\V as HOmeS in a ROW Six and Seven Rooms and finishes Cement Porches BilladCaiase Paved Ailay 4 Raac Exhibit Home: 4122 13th Place N.E. A comparison will satisfy you of the very Unusual Value 'CHARLES M. WALLINGSFORD Builder & Qwner 1010 Vermont Ave. N.W. Several different types itup. Service is our middle name. GALLIHER & HUGUELY, Inc. Sherman Ave. and W St. NN\W. North 486 Main 2990 J. F. Douglass, Lloyd R. Turner, Theodore M. Judd, Randall H. Hagner, | John G. Graham, { Thomas E. Jarrell, John F. Maury, John | | T. Meany, Waverly Taylor, Harry Ward- i SR | A. Metzler, Harry W. Kellams, J. The convention has been designed as i give real estate analyze Sales ced by Ben T. Webster, president “Closing the Sale” velopments in real estate practice. Both 21,000 feet above c Frasklin 9503/ % 1 V-Good C;nstructl'on ;)f"House Hf.;,ldrKey To Maintaining Proper Temperature arry Good construction of a house is of | the leakage of heet and cut the fuel bill | first importance in the maintenance of | in two,” she writes, “the matter would comfortable temperatures during cold | be very simple. But actually the great- weather, according to Marcia Mead, | er amount of leakage is through deor member of the American Institute of |and windows and cracks around the Architects, in an article in McCall's | under the eaves and like places where: Magazine on the value of insulation of struction does not always fit a« | various types. it should. Weather stripping e | Manufacturers of building materia lation helps prevent leakage | o she points out, now vie with each other | when properly used. in offering new products designed to “Recent engineering studies indicate | prevent leakage of heat from houses in | that approximately the following per- Winter and to keep out excessive heat | centages make up the total heat loss in in_Summer months. the average two-story residence: Heat | | “If insulated, walls would stop half |loss through cracks, 26 per cent; | and de- the in SIXTEENTH ST. HEIGHTS "14,750" DETACHED COLONIAL BRICK Must Be Sold 7559 ALASKA AVE. A THOROUGHLY modern center-hall plan colonial of all-brick construction, conveniently located with respect to stores, schools, transportation, etc, in a very desigable and exclusive community surrounded by homes much higher in price—of course there are hardwood floors, open fireplace, large veranda, two rear porches, tile bath and many other features. Drive out 16th St. to f'l‘lsfiknxm:l':\.fmlh;:'l“l:':\.r blocks on Alaska Ave. | OPEN ALL DAY SUNDAY ? 9. €. Douanlass Co. 1621 K St. N.W. Metrop. 5618 Beautiful Colonial Home ~—designed on the impressively simple lines that characterize its period—and permit of the wonderful interior treatment which has been given this Home. ° 3005 Albemarle Street Just Off Connecticut Avenue, East Close neighbor to Rock Creek Park and in the midst of a colony of pretentious homes. Ten room s—four bedrooms, sleeping porch and two baths on second floor; two rooms and bath on third floor. Two-car ga- rage. Lot 75x150 feet—lavishly landscaped. Price and Terms surprisingly low for such a Home Open Today and Sunday W. C. & A. N. Miller Realtors 1119 17th St Decatur 610 O ML T 3813 Garrison Street In the Best Section of Chevy Chase, D. C. (Picture Below) ['HIS new brick detached center-hall plan home has a large living room With open fireplace, a concrete living porch. a spaciou dining_room, a modernly equipped k with adjoining pantry—a tiled lavatory. a first-floor clonk closet, four larg: bedrooms. adequate closets. two baths (one has & shower), and a third-floor bedroon and storage room. It is desirably located on a large lot on ‘one of the highest points in this exclusive suburb, $21,500. Very Easy Terms! To_reach--Drive out Conn, Ave. to son_Street, west on Harrison Street t end ‘south on Garrison to house. Harri- o Jat Devonshire ’l‘]IE house usus complete bull red attic, and sidence refrige ina Electr open fir wood flors, metal ping and slate beautifu plant Easy Terms—Oi THE CREAM of THE SPRING MARKET Three Splendid Homes—All Bargains Ned English Brick Residence 3815 Upton Street N.W. consists of 8 fine un- large sunny rooms, 2 tiled baths (both of which have a in tub with shower), he kind vou don't expect to find 0 reasonably priced. ation, inviting large ace. espec roof. pens on a paved alley and the large ot on which it stands is 38x150 and y shade trees and fine shrubbery. Permanent Outlook Over Private Park Realtors REAL through windows and doors, 30 per cent: through walls, 27 per cent, and through roofs, 17 per cent. These figures indicate that good construction | is of first importance. The loss of heat through cracks and like places can be overcome largely by filling the openings with some caikjng material. Probably haf the loss by leakage around v.indows | e and doors can be eliminated by properly | Shuy Salled to eject ghosts from a | private dwelling. A landlady on Gundu installed weather-stripping and good | itcheva. street complained that mis- 1struction, chievous spirits were frightening her “After eliminating all possible leakage ' tenants. around openings, we still have, ac- cording to the above figures, 44 per eent of heat loss to overcome through som: form of insulation.” s g Police Oust Ghosts. ZAGREB (#).—The police were re- < 0 < |l//r BEAWTFYW 5 MILLION nol.mjc)q GO-OPERATIVE MANSION HIGHEST TYPE LOCATION ENVIORNMENT CONVENIENCE ¢ SUBSTANTIALLY OR@ANIZED SUCCESSFULLY OPERATING CONVINCING INTERESTING ¥ FACTS \\ \} I| 1 J4 APARTMENTS SOLD \ ONLY THREE LEFT (ONE) DUPLEX - (TWO-FLOORS)| 7 ROOMS. 2 BATHS (TWO) 4 ROOMS WITH | BATH YOUR INSPECTION CORDIALLY INVITED TODAY OR TOMORROW A SUPERLATIVE ACHIEVEMENT OF REALTORS & BUILDERS TEL.ADAMS 9900 INSPECT THIS HOME TODAY Escape from cramped quarters and the incon- venience and unpleasantness of a run-down neighborhood. Move to this most con- venient section. Remarkable New English Detached Home 1362 Hamilton Street N. W, 14th Street Terrace New Detached Homes on Hamilton Street offer you and your family the freedom you’ve longed for. 8 large rooms, entirely modern, two tiled baths (one has a built-in shower), unusually deep closets, kitchens complete to the minutest detail, including KELVINATOR Refrigeration. Large sunny rooms and enough of them—and a beautifully planted lot in this neighborhood of a hundred added conveniences, close to schools, churches, shops and car lines. $17,500. To Reach—Take street car on Mth St. to Hamilton St. and walk one- - half block east to exhibit home, or drive out 16th St. to Colerado Ave. to Hamilton St., and east one and one-half squares to this house. ANNON INC Members of the Operative Builders' Ass's of the D. € 3927 Military Road Chevy Chase, D, C. West of Conn. Ave. (Picture Below) or_Sale {o Close Estate. Offered F ‘|'HIS Coloninl brick home is one of the ‘most_unusual values which we have had the privilege of listing this Soring. It is tully situated on a high elevation 1d overlooks s charming neighborhood of ise condition with § large on hall on the first floor 4 spacious bedrooms on the second tile lavatory off the complete tils batn Te is an attic. ial Features—Prigidaire. conerete front open _fireplace. ed_walls, Iux- 1 weather Lot, 30x130. Very Reasomabie Price 13,750 ing, slate roof. screens. Downs special features fally fine hard- weather strip- The garage ed with many nly $14,250