Tim

Hello Michael

Sounds like the first thing to help make your decision is selling your current home. When you know how much capital you will have to work with, a more distinct path may take shape for you.

Best of luck! - Mon May 26 2008, 10:23

Hello Ben

Looks like you are getting some great information.

This is a tough question. Personally, without knowing more about what you
actually need/enjoy in a home... it's tough to answer.

Bellevue has quite a bit of building going on and the amount of money invested with the 10+ building
cranes placing steel beams and windows is amazing. The neighborhoods enjoyed in SF, with walkable independent shops, restaurants, views and water/park access are tough to compare with in any US city.
So the differences of a 'new' city and an established one are given, I would suggest thinking about a trip to explore for yourself if not optioning for a short term rental.

Best of luck with your move- - Wed May 14 2008, 19:58

Investor-

Ardell's answer is fantastic, but I'll agree with Greg. Investing is not a simple answer. I would say, identify how you would like to acquire a property- cash, IRA, finance, note... and before you even look at one property, educate yourself on what your exit strategy will be- buy and hold, lease option, flip, wholesale...

You will get a better feel of what makes sense with your research. And like Greg said, there are classes that can help answer questions and open opportunities.

Right now, we are finding a new trend in the way banks are handling properties sold at County auctions. Exciting opportunities, but not for every investor.

Keep in mind that real estate has traditionally been a long term investment, not meant for immediate gains.

Best of luck, you have some wise words from the other answers found here. - Wed May 14 2008, 19:39

Hello Joe

These responses are amazing, but I'll chime in with a small bit!

I would begin by going to your local real estate office, perhaps they have an affiliation with a Brokerage near your destination. This way you may have a relationship with someone you can actually meet and then act as a point person for your Brokerage/Realtor search closer to your destination. You can also ask for a copy of Washington's 'Law of Real Estate Agency' pamplet (which is a requirement prior to signing any document) and also the 'REALTOR Code of Ethics'.

Just a thought- best of luck with your move. - Wed May 14 2008, 19:19