Seattle real estate
Seattle is the main metropolitan area located in the Puget Sound and is called as the Emerald City. Seattle is known worldwide for its beautiful location along the Mt. Rainier, Puget Sound, and the Cascade and Olympic Mountain ranges. There are a number of interstate highways that run across Seattle. You can find easy transport and a number of attractions that are located just a few hours from Seattle. The Sea Tac International Airport is located just 13 miles to the south of downtown. Seattle is a flourishing city and takes pride in its friendly and warm neighborhoods. The economy in the city is strong and there are a number of educational institutions like the Seattle Pacific University, University of Washington and Seattle University. At present there are 12 acres of land that is being utilized for both commercial as well as residential purposes.
The Seattle real estate market
The real estate market is Seattle is happening. The prices have gone up to 6.2% as compared to last year?s sale and the interest rates are at 6.4%. The trend is expected to continue because the market has more buyers as compared to the sellers. The price of condos is also rising for the first time and that too faster as compared to the single-family homes.
The median price for the single-family homes is at $345,000. This is showing an increase in the price up to 10.2% as compared to last year. Even though there is sufficient in inventory but the selection is less. There are few areas like Capitol Hill, Queen Anne, Ballard and Phinney Ridge that are showing multiple offers on real estate options. The median sale price for residential property is at $499,000.
As said previously the condo sale has increased and it is up to as high as 103.98% as compared to last year June. The median price is up by 9.75% and is at $300,000. The market is about to stabilize and hopefully you can have some more good offers coming up in the next few months because of the new construction that is going on.
It has become difficult to flip properties in the seattle real estate market and the profit and loss line with land is becoming slim. Most of the neighborhoods that are showing new construction are priced at $600,000 to $1,000,000 range. It is important that whenever you consider real estate investment in Seattle you take the help of a real estate agent so that you get the best deal.
Hiring a real estate agent
Taking the help of a real estate agent in Seattle is important because of the fact that the real estate agent would be aware of the area and the market condition and would be able to advise you correctly on when and where to invest. With the increase in the number of listings and new developments going on it can be difficult for you to decide which would be the best investment for you. Hence it is important that you take the help of a real estate agent.
It is the duty of the agent to assess your needs and work accordingly. Moreover it is your duty to inform the agent about your budget and the type of house that you are looking for so that the agent can work accordingly. It is also important to realize that the agent would be aware of the various paperwork and legal transactions that are required in a real estate deal and would work accordingly. This would reduce your cost of hiring a real estate lawyer.
Before you opt for any real estate deal it is important that you pre-qualify for a mortgage loan. This would give you a security and you would also know how much can you invest in your real estate deal. If you are a resident of Seattle then you be aware of the neighborhoods in the area and which would be the best for you. If you are relocating to Seattle then you should ask the real estate agents about the different areas. You should make sure that you confirm the facilities that are available in the area.
Seattle real estate agents
Some of the agents functioning in Seattle are mentioned below.
First Exclusive Inc:
They are a premier real estate firm in Seattle and are an exclusive buyers agent. They provide their assistance in the Greater Seattle / Puget Sound area and are committed to work according to your interests. You can contact them at First Exclusive Inc.; Two Union Square; 601 Union St. Suite 4200; Seattle, WA 98101; Phone: (206) 579-9884; Long Distance: (800) 564-3004; Fax: (206) 238-9199; E-mail us: homes@firstexclusive.com.
Ben Kakimoto:
He works along with the premier real estate company in Seattle John L. Scott Real Estate. With their combined years of experience they help their clients in getting the best real estate deals. They help both new as well as experienced real estate investors and have helped them get some of the best deals. You can contact them at John L. Scott Real Estate; 2601 4th Ave, Ste 100; Seattle, WA 98121; Ben Kakimoto: (206) 295-4683.
The Reppond Team:
They are focused on helping their clients relocating to Seattle and the first time buyers in the city. They help both buying and selling of real estate. You can contact them at Jim Reppond; Coldwell Banker Bain Associates; 1200 Westlake Ave N. #406; Seattle, WA 98109; Business: (206) 295-1771; Fax: (206) 284-6317; E-Mail: Jim@Seattle-RealEstate.com
George W. Johnson Realtors:
They are known throughout Seattle for their customer service and have been delivering some of the real estate services. You can contact them at George W. Johnson Realtors, 7016 15th Avenue N.W., Seattle, WA 98117; Tel: (206) 782-5900; Fax: (206) 783-3245.
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