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Seattle : Real Estate Advice

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  • Local Info115
  • Home Buying474
  • Home Selling97
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Activity 1,380
Sun Dec 4, 2016
Michael Ross answered:
Gentrification is a complex and specific topic. I think you're asking whether Belltown is pricey, upscale, etc. I'm going to answer both ways though:

Belltown was never really a economically depressed, low-income area. It is right in downtown Seattle and has luxury, high-rise condo buildings that were built in the 1980s (so it's been a place for luxury living for at least 30+ years). There are areas of Seattle in which gentrification is in full-swing and is causing property prices to rise dramatically and is displacing long-term residents--Central District, First Hill, Columbia City, and other neighborhoods

From at least the early 1980s to now, Belltown continues to be a popular area for residential living and has seen a number of new, architecturally-cool buildings go up in recent years. There are no houses in Belltown--it's all condo living. A person that lived in Belltown could walk to work just about anywhere in downtown or South Lake Union. They could actually shop on foot for some seafood at the famous Pike Place Market and could walk a few blocks from home to catch a Broadway-quality show. It is truly urban living and the prices reflect that. In a recent rental survey, Belltown was one of the most expensive neighborhoods in Seattle with a one br median rent of $2,595.

What kind of people live there? inside the buildings, people who can afford that kind of housing payment. In terms of age & other demographics, it is perhaps a much more diverse neighborhood than many in Seattle; old and young, many different backgrounds. Outside of the buildings are quite a few homeless people or transients. If you want city living, with all it's pros and cons, Belltown is the place to be.
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Sat Dec 3, 2016
Michael Ross answered:
First, let me address the particular home that you were looking at: It is in default on a loan of less than $200,000. That's on a home that would probably sell for over $600,000 as a fixer. That means that the person will probably bring the loan current or sell it the traditional way, pay off the loan and realize a substantial gain.

That home has entered the foreclosure process but has not been foreclosed on. The significant difference is that a home in the foreclosure process is not really for sale--the owner has just become delinquent in his/her mortgage and a public notice has been filed that starts the foreclosure process.

You can, however, buy an already foreclosed home (one that the lender has taken possession of) and there are some good deals to be had on those homes. Get a good real estate agent (like me) and they can provide you with a list of those homes. Foreclosed homes allow for you to be represented by an agent and it's a good idea because those types of listings can get a little tricky--like having shut-off utilities and hidden defects

If you want to have some fun searching for foreclosed homes in the internet you can see some by searching for the "HUD homestore"
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Fri Nov 25, 2016
Sowencheung answered:
yes, it allows pets with extra small monthly fees.

the address is 4040 26th AVE SW, Seattle
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Thu Nov 17, 2016
Jesusloveshykao24 asked:
Hi,

I am currently working for an international real estate company based in Taipei with 25 other branches/offices mostly in Asia. Our primary service is to sell new (investment) properties…
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Wed Nov 2, 2016
Christine.woods32 answered:
The rent is Seattle is rather high. However, you can always negotiate it.
It will be easier to do with good credit and positive references from previous landlords.
If you are afraid of negotiations, you can offer you price for property though Internet. Using this service https://rentberry.com/custom-offers you have possibility to submit custom offer to landlord. ... more
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Mon Oct 31, 2016
Kary Krismer answered:
I found the WR video in my browser history.

https://www.youtube.com/watch?v=KO_qsR4I4Bc&feature=youtu.be&_cldee=a3Jpc21lckBjb21jYXN0Lm5ldA%3D%3D&recipientid=contact-2396d3fcdaa5e511930700155d240811-3b79de817bab4b2883beb3940ce83119&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Friday+Video+2016 ... more
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Thu Oct 27, 2016
Kary Krismer answered:
Well first, we would need to know if you're in Brooklyn, NY or Seattle, WA, and then we would also need to know what contract forms you are using. I'd suggest it would be better to simply contact an attorney because there is a need to review the forms and get a lot more facts than what a two sentence post provices.

That said, as a general rule: "There is no late in real estate." Thus, assuming the seller was not somehow at fault for the inability to close, they could probably ask for whatever they wanted for an extension or pursue their remedies for breach. If it is their fault it would be much more complicated because you'd be dealing with buyer remedies for a seller breach. Which gets back to the attorney comment.
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Thu Oct 20, 2016
Kary Krismer answered:
Try different company broker sites. One of them may give the information you want, but it will probably be very limited. National sites are less likely to have specific information like that. ... more
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Tue Oct 11, 2016
Nghia Nguyen asked:
Mon Oct 10, 2016
Susie Kay answered:
I would suggest that you circle back with your realtor who sold your property.
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Sat Oct 8, 2016
Bryant Ravenna asked:
Sat Oct 8, 2016
Bryant Ravenna asked:
Tue Oct 4, 2016
Kary Krismer answered:
I'm not sure what you're asking, but the purchase date is typically the date the deed is recorded with the county recorder. You could have some other situations though where date of possession would be considered the transfer date, but those would not be your run of the mill situations. Those would most likely be situations where for one reason or another a deed was never recorded or was delayed for a period of months or years.

Why do you ask?
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Mon Oct 3, 2016
Lakecityduplex7 asked:
Sat Sep 24, 2016
Susie Kay answered:
Tue Sep 20, 2016
Eva Croasdale answered:
If I were to rate best times of year to sell, this would be my order:

1. Spring to early summer
2. Fall
3. Late Summer
4. Winter

There are, of course, pros and cons to every season. In the winter there are not as many buyers (they are still out there), but there is also not a lot of inventory. Late summer tends to have a lot of buyers or their agents out of town, so the tension of the market isn't as intense. In the Fall, buyers tend to get serious again after summer vacations. That's my two sense from what I've observed! ... more
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Mon Sep 19, 2016
Rosejudyy answered:
There are a number of Lenders that offer Construction loan financing. BBVA Compass has a One Time Close Construction loan. We fund the Construction and Permanent loan in one step. Depending on scenario, we can lend up to 90%. Hope this helps. Please feel free to contact me at my profile if you have any questions.
http://usaconstructionloans.com
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Sat Sep 17, 2016
Eva Croasdale answered:
Best commutes to Bellevue would be Kirkland, Redmond and Mercer Island. Redmond is definitely a suburb, so that's probably out. Kirkland too, although the city center is more Metropolitan. Mercer Island is probably one of the most affluent neighborhoods of Seattle and is a mix of families and non. In Seattle, the closer you get to the 520 or 1-90 bridges, the better commute-wise. These neighborhoods would be Capitol Hill, Madison Valley, the Arboretum area and Wallingford (520) or Leschi, Mount Baker and Seward Park (I-90). Let me know if you have other specifications or questions about the neighborhoods. I've lived in and around Seattle for over 30 years and can give you more detail on specific neighborhoods if you're curious. ... more
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Sat Sep 17, 2016
Eva Croasdale answered:
I agree MCM_STL: you should look at your lender statement to see how much you have left to owe. Also to consider when selling your home are closing costs, commissions and taxes. If you are working with an agent, you can ask them for a "seller's estimated proceeds" break-down. If your home is already in escrow, your escrow agent will be able to give you the most accurate settlement statement (they will include everything like utility pay-offs). If you're just looking for a rough estimate, this is something I can pull for you if you're still looking for an answer. ... more
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Sat Sep 17, 2016
Eva Croasdale answered:
One key factor besides cash flow and appreciation is... proximity to your current residence, unless you are out of town or plan to hire a property manager. I'm a landlord myself, and because I manage my own properties, this makes a huge difference for me. Seattle and Bellevue are both hot markets. In Seattle, you've got the ever-growing Amazon and now Google expanding into South Lake Union. Also to note - Expedia is moving from Bellevue to Interbay (near Queen Anne). This has it's employees already figuring out how to make the move from the Eastside to beat the commute. The concentration of high-tech growing in Seattle is going to make inventory even lower than it is. Bellevue, of course, has a lot to offer too: Microsoft, T-Mobile and other other high-tech. One advantage of townhouses over condos, is sometimes you can find townhouses with no HOA dues. Since this is an investment, that's certainly something to account for. What price-point are you looking in? Ballard will typically be less expensive than Queen Anne. Which particular areas of Bellevue are you interested in? ... more
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