There are a couple of local blogs that I follow and the second one is at www.RainCityGuide.com that was the original inspiration for this blog. They have an article about refinancing a second mortgage that reminded me that we are still a ways away from being in a buyers market for Real Estate in Seattle.
A friend of mine who owns a Real Estate company has an investor/ agent that just bought a used new construction house in Puyallup for $162K, at auction, for cash! The house probably sold for about $140K new, about 2000. He intends to sell the house in two months for a profit, and he might get a buyer.
The math for home prices in the Seattle area is far from being a signal for a “good” buy. There are individual properties that are good well rounded purchases, but to say the market is at an equilibrium is more fair. You have to know what to buy, and structure a transaction so you can pay the property off quickly.
As always my advice is you need the help of an experienced Real Estate professional if you are buying, or selling in today’s market place.
About David Losh
In 1984 I got my Real Estate license and worked in a small company called Advance Properties. The owner was extremely interested in Real Estate, building, and land development. Most of his work was concentrated North of Seattle. Since the 1970s I had worked for Real Estate agents in Seattle as a contractor, mostly preparing properties for rent, and sale.
After a few years my skill level increased considerably concerning land use, building code, and development practices. Escrow, and lending offices were housed at the Advance Properties building so it was easy to get involved in all aspects of Real Estate. It was very much a family owned, and operated business.
Over the years my Real Estate license has been at a variety of Real Estate companies, and offices. Nothing compares to those early years, or that sense of family. Real Estate has gotten to be corporate owned.
My hope with this blog is to share with you some of the things I've learned. If you have Real Estate needs, or want contractor help, I refer freely to what best suits you. If you should choose to work with me you'll find a great resource.
My Real Estate license is at Skyline Properties in Northgate. Skyline is a locally owned company that is a desk fee office. There is a wide variety of diverse agents. It helps me with some of the other projects that I have, and mentoring that I do, to be able to work with people from other cultures.
Here in Seattle we are close to Vancouver BC and are the gateway to China. Boeing has a great trade relationship with China, as does Microsoft have with all of Asia. We are a culturally diverse community, and it helps me to be invlolved.
