Seattle Investment Real Estate

When is the right time and method to buy in Seattle Real Estate?
  • December 17 2008 - Seattle
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Answers (4)

Right now is a great time to buy in the Seattle area. Rates are crazy low, prices are low, loans for buyers with verifiable income are abundant. Try to find a house that was recently bought by an investment company that has remodeled it and is able to offer it for a price lower than the market. We search for homes like this and post them at www.HomesInTheSeattleArea.com. Bob
  • December 17 2008
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right now is a terrible time to buy in seattle, prices are still high, and have just started to fall. Douche bags a year ago were saying, 'buy seattle, it won't fall' now it starts falling and we still have to put up with them saying buy seattle... holy tomatoes go grow a brain!
  • December 17 2008
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Two hugely differing opinions here.... I say you both miss the point...What matters more than the market ... is the individual and their goal for purchasing...  Real Estate is just a vehicle...and people hav different destinations as their goal!!

Blanket statements tend to seem too simple to me.
  • December 18 2008
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Seattle is expected to hold MOST of its appreciation.  And it has.  Prices have only fallen 8% year over year.  Enough to rattle a few cages, but nothing to get alarmed about.

There are several reasons for this.  One, the local economy, formerly driven by Boeing only, now shares that responsability with Microsoft, Starbucks, a growing biomedical industry, import/ export, and tourism.
Two, prices did not skyrocket upwards of 30% per year during the bubble era.  It can be argued there was not much of a bubble in Seattle.  As a result, while you see plenty of distressed property in Seattle, it pales in comparison to San Diego, Central California, Arizona, Miami, or the upper Midwest.

Invest in real estate if it cash flows with a reasonable amount down.  Buy low, to protect yourself if the market falls, (I think it won't...I have been wrong before).  Rents should continue to increase unless unemployment shoots up, then, it will fall and the country will sink into a depression, and then, all bets are off.

I really think the concept of a depression will be headed off...but not for another year. The end result will be a huge inflation that will make the late 70s/ early 80s look like a picnic.  We'll see that in about 3-5 years.

Unless, of course, I'm wrong.
  • December 21 2008
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