Well, we are going against the grain on another recommendation for you condo buyers in the market. As some of you may know, the mixed-use project referred to as 2200 Westlake, (developed by Vulcan) reached a settlement late last year regarding a construction defect lawsuit. Our sources tell us, that the settlement which totaled close to $26,ooo,ooo, is going to be more than … [Read more...]
Lawsuit at Molser Lofts Officially Released (Dismissed)
The lawsuit at Mosler Lofts has been officially released as of Friday June 7th. We already told you about the settlement, but the dismissal is super important. It is great news for owners and buyers alike. Owners that have been anxious to sell now have an official document (see below) that they can provide to prospective buyers. This is crucial because lenders need … [Read more...]
Just Sold, One Bedroom At Brix (Capitol Hill)
JUST SOLD THE BRIX | Capitol Hill 530 Broadway Ave E #510| MLS #480729 $285,000 1 bed | 1 bath Capitol Hill Sold in just 10 days on the market - building currently in an active lawsuit (no financing). Finding a buyer was both a challenge and a major reward for our seller. Live Urban at Brix. 5th floor 1 bed, 1 bath with views! Quality finishes including hardwood … [Read more...]
Seattle Condos Selling While Facing Lawsuits
Condos located in buildings that are facing lawsuits are still selling - how you ask? The contracts are ALL CASH. As we've mentioned in the past, most major lenders will not touch projects facing lawsuits. With that said, nothing holds an investor back from paying all cash and bypassing a loan. In fact, in the last week alone, there have been 2 sales in buildings with … [Read more...]
Cash Buyer? Offer On A Project Facing A Lawsuit
If your an investor looking for a little upside in your investment, one way you can play the Seattle market is by purchasing a condo during a time where the project is in litigation. I know some of you are shaking your heads, but hear me out. If you do your homework with public information you can find material on the lawsuit and if your comfortable with risk you can make a … [Read more...]
