Listen up Seattle condo owners – there are 19 units for sale priced at $400,000 or less – that’s right, (19).
Now consider this:
Out of the 19 available units, 8 of those condos are in buildings facing litigation. If you’ve read our post from a few weeks ago, most banks will not lend to borrowers on these projects. The only alternative is someone who is willing to pay “all cash”.
So what does this really mean for condo owners?
- Quick market time
- Multiple offer situations
- Higher sales price
- Opportunistic selling (striking while the iron is hot)
Think about it. If you do the math, there are 11 units for sale that can be purchased with traditional financing. Of those 11 units, the average time on the market is 75 days. You think buyers would like to see something new? YES.
If you want to take advantage of the market, I can help you move your unit and for top dollar.
Have questions? I have answers, contact me.
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