Eastside Seattle Real Estate Blog

Financing Your Seattle Home: Is Cash the Only Option?

Anyone looking to purchase real estate in Seattle knows that the market is one of the most competitive in the country. With minimal inventory levels and increasing property values, buyers are finding the conditions to be challenging. It's not uncommon to send through 3, 4, 5 or more offers on various properties before one finally gets accepted. Now, recent data published in the Puget Sound Business Journal indicates that 20 percent of real estate transactions are being paid for in cash.

That's great for those who have the cash available to secure luxury listings, but for many people, cash is not an option. So how can you finance a home purchase in a way that works for you, while also getting an accepted offer? ...

To Seattle and Beyond: Housing Market Breaks Records in Every Direction

City dwellers have long known that their housing prices — as well as the cost of living, in general — is higher than that of the suburbs. In the last decade, as Seattle grew into a tech hub and attracted thousands of jobs to the region, and it's become more expensive and challenging to find an affordable place to live in the heart of the city.

Now, however, Seattle residents are finding that the same trends are taking place in the surrounding communities. In fact, a recent Seattle Times article reports that you'll be hard-pressed to find an affordable home within an hour of Seattle, as the housing market continues to explode into one of the most competitive markets ever...

Alternative Housing Options in Seattle: Floating Homes

Every home buyer is unique in their own way, and some are looking for more than a "standard" home in a neighborhood in Seattle or in a subdivision just outside of the city limits. For those that are most interested in alternative housing types, Seattle has plenty to offer. In fact, there's several floating homes on the Seattle housing market right now, according to Curbed Seattle.

What's a Floating Home? 

A floating home is most simply defined as a home that is only semi-permanently fixed to the land. They are literally built on the water, offering homeowners the most spectacular waterfront views in the city. There are several types of floating homes for buyers to consider:

  • Nautical houseboats — These most resemble an...

Inventory Dilemma Sweeps the Nation: Seattle-based Firm Notes Concerns

The Seattle market is currently defined by its record-low inventory levels and increasingly high demand for homes in the city and throughout the suburbs, including East King County. However, this isn't a challenge that is being faced by the Emerald City alone. In fact, cities and metropolitan areas across the country are staring at startling statistics that continue to show depleting inventory levels, despite the fact that buyer demand typically heats up in the summer months. 

Redfin, a real estate firm based in Seattle, shows some concern regarding this trend. Recently, CEO Glenn Kelman told CNBC that low inventory levels are impacting business, and the firm is finding that more homeowners are upgrading to new properties...

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