You would need to consult an attorney, but unless maybe there's a view issue, I don't see how you would have any significant damages. It might though be a reason for you to be able to back out. If the reversing of the plans would have resulted in adjacent driveways, your damages might even have been a negative number!
Ready to move to Seattle in October with wife. No children. I want good elementary school, good neighborhood and environment with parks, modern style single family or townhouse. 3 bedroom+bonus room or 4 bedrooms should be fine. Commute time should be within 30 minutes in rush hour.
The ideal budget is round 700k. We can pay up to 850k for very satisfying house. Is this reasonable for the area?... more
Assuming the money here is significant you should consult an attorney rather than the Internet. You probably should have done that earlier, before your language was agreed to regarding money being held in escrow.... more
Are you looking in the Redmond area? If you are willing to live outside of Redmond like , say, Carnation then you may be able to qualify for a USDA loan which does not have a down payment requirement. Other options may include having your down payment gifted to you and looking at a 3% down loan. Give me a call or shoot me an email if you have questions. I am a Loan adviser in Bellingham.
Assuming your existing landlord won't extend, I'd suggest one of those "extended stay" places, like what the relocation companies put their families in. Not the best situation in the world, but perhaps the best option.
If it's a very short time, maybe an airBNB?... more
I would say go with a cash out refinance to consolidate both loans. This way you are paying one rate and it should be lower than a second mortgage. I work in Bellingham. wa and can help if the property is in Washington state. give me a call or shoot me an email.
Trulia & Zillow start with data from public records. I'd start by going to King County's site and see how it shows up there. The challenge is if you correct those records and show your home is larger or has added rooms, you may find your taxes going up.
Professionals don't rely on the data from here or Zillow. Both sites recognize that local Brokers are better at determining values than they are.
You may find that adjusting the information on Zillow may impact it here, as both sites are owned by The Zillow Group. I'm not sure how much overlap they have, but it couldn't hurt.... more
Sorry your question went unanswered for so long. Rents in the area are going up faster than home prices, and they are going up too. My recommendation would depend on your future plans. The longer you expect to stay in this area, the better case can be made for buying. Owning a home is both a place to live and an investment. You get tax deductions (for your mortgage interest), appreciation over time and a place to call your own.
If you think in the next year or two you may relocate to another state or a distant part of this state, rent is safer.... more
I'm sorry your question has gone unanswered for so long. If you are still interested, in the past 90 days the average for sold homes is 39. There are many in single digits and some over 200 days and one over 300.
Our market is still very strong for the seller, if they prepare the home right, market it well and price it right. If you need any further help, let me know.... more
Sorry your question wen so long without an answer. Part of the answer will depend on other factors not included. How old is the building, what amenities, if any does it offer and most importantly where in Redmond. From the Microsoft campus area to Redmond Ridge there is a lot of territory to consider. I can search for other rentals in the area to give you an idea if you like, feel free to contact me through my profile.... more