u/SignalInstruction165

https://redf.in/y9Dq8R

Dear buyers

My seller agent and I are thinking about a strategy for our listing. It’s approaching its expiration date, and we were thinking instead of a price reduction for the new listing to offer buyers seller credit which they can use towards interest rate buydowns

I have doubts about this because while it does indeed result in less monthly payments, buyers might be ignorant on the matter and would prefer a price reduction. Furthermore I’m not even sure how buyers willl know about this credit besides reading the description which I’m sure not all buyers actually do.

What do YOU think? And why?

View Poll

https://redf.in/HKZYmA

Close by hiking trails this looks like a very nice area

https://redf.in/EyZl97

It’s in Kirkland and looks very nice I haven’t toured it but the price is reasonable for the area, no?

KEEP EM GOING

https://redf.in/FmlhyG

Anyone doing this? RE agents would you show up?

If you had recently successfully sold your townhome, give me and others hope (haters plz gtfo)

Area?
How long did it take you to sell?
How active were your open houses?
How many showings did you have prior to getting an offer?
How many offers did you get?
Did you sell under asking and by how much?

Is this even possible???

I’ve posted this in two other places but not a lot of input, perhaps because it’s too long but here goes..

Advice on whether or not to rent our current townhome to buy our dream home

What should we do?

Seeking an expert’s input.

I make 194k, spouse makes 190k. Our combined monthly take home is 22k.

We currently have about 530k worth of vested RSUs
And about 260k of unvested RSUs expected to vest in the upcoming 2 years
We both work in tech so there’s always layoffs

We have about 130k in stocks investments, low risk investing

We have about 80k in cash total for emergencies

We have an investment apartment overseas, it’s off plan so we’re paying the first half of its price about 4k monthly, when it’s finished in early 2027 we plan to take on a mortgage to pay off the rest, 220k left so we expect mortgage payments will be as low as 1200 monthly.

We own in WA state a townhouse, bought for 800k for it back in 2022. We currently have about 445k left of its mortgage. It’s missing a backyard and we really need one for the kids (two young ones). Our monthly payments for the mortgage is 3,250 at interest rate of 4.62

So now, we found a dream home for 1.8m. We qualify and we’re planning to sell some of the RSUs and whatever we get from the sale of the townhome for the down payment, expected total downpayment of 650k making monthly payments around 7,000 with insurance, HOA, taxes, builder’s rate buydown brining down the rate to 4.6. Pretty reasonable.

The problem is, our townhome is not selling with this market, I guess no one wants a big townhome with no backyard. Our options are now:

1. Forget about that home, stay in this townhome for a few more years until the market picks up again

2. 2. Or: recast the current townhome’s mortgage, bringing down monthly payments to about 2,300 then rent it. Monthly rent is expected to be about 3600, based on other comparable homes in the area. From what I’ve seen…. It’s fairly easy to rent it out but I’m not sure what the renting market is like nowadays in the Seattle area. Then, put down 20% for our dream home, increasing monthly payments up to 8,500, using the cash flow of the townhome rent to fill in the increase in monthly payments so we maintain a comfortable lifestyle.

We’re really excited about option 2, but need an experts opinion. Is it reasonable?

I posted this somewhere else but didn’t really get any opinion so trying here as well

Advice on whether or not to rent our current townhome to buy our dream home

What should we do?

I make 194k, spouse makes 190k. Our combined monthly take home is 22k.

We currently have about 530k worth of vested RSUs
And about 260k of unvested RSUs expected to vest in the upcoming 2 years
We both work in tech so there’s always layoffs

We have about 130k in stocks investments, low risk investing

We have about 80k in cash total for emergencies

We have an investment apartment overseas, it’s off plan so we’re paying the first half of its price about 4k monthly, when it’s finished in early 2027 we plan to take on a mortgage to pay off the rest, 220k left so we expect mortgage payments will be as low as 1200 monthly.

We own in WA state a townhouse, bought for 800k for it back in 2022. We currently have about 445k left of its mortgage. It’s missing a backyard and we really need one for the kids (two young ones). Our monthly payments for the mortgage is 3,250 at interest rate of 4.62

So now, we found a dream home for 1.8m. We qualify and we’re planning to sell some of the RSUs and whatever we get from the sale of the townhome for the down payment, expected total downpayment of 650k making monthly payments around 7,000 with insurance, HOA, taxes, builder’s rate buydown brining down the rate to 4.6. Pretty reasonable.

The problem is, our townhome is not selling with this market, I guess no one wants a big townhome with no backyard. Our options are now:

1. Forget about that home, stay in this townhome for a few more years until the market picks up again

2. Or: recast the current townhome’s mortgage, bringing down monthly payments to about 2,300 then rent it. Monthly rent is expected to be about 3600, based on other comparable homes in the area. From what I’ve seen…. It’s fairly easy to rent it out but I’m not sure what the renting market is like nowadays in the Seattle area. Then, put down 20% for our dream home, increasing monthly payments up to 8,500, using the cash flow of the townhome rent to fill in the increase in monthly payments so we maintain a comfortable lifestyle.

We’re really excited about option 2, but need an experts opinion. Is it reasonable?

What should we do?

Seeking an expert’s input.

I make 194k, spouse makes 190k. Our combined monthly take home is 22k.

We currently have about 530k worth of vested RSUs
And about 260k of unvested RSUs expected to vest in the upcoming 2 years
We both work in tech so there’s always layoffs

We have about 130k in stocks investments, low risk investing

We have about 80k in cash total for emergencies

We have an investment apartment overseas, it’s off plan so we’re paying the first half of its price about 4k monthly, when it’s finished in early 2027 we plan to take on a mortgage to pay off the rest, 220k left so we expect mortgage payments will be as low as 1200 monthly.

We own in WA state a townhouse, bought for 800k for it back in 2022. We currently have about 445k left of its mortgage. It’s missing a backyard and we really need one for the kids (two young ones). Our monthly payments for the mortgage is 3,250 at interest rate of 4.62

So now, we found a dream home for 1.8m. We qualify and we’re planning to sell some of the RSUs and whatever we get from the sale of the townhome for the down payment, expected total downpayment of 650k making monthly payments around 7,000 with insurance, HOA, taxes, builder’s rate buydown brining down the rate to 4.6. Pretty reasonable.

The problem is, our townhome is not selling with this market, I guess no one wants a big townhome with no backyard. Our options are now:

1. Forget about that home, stay in this townhome for a few more years until the market picks up again

2. 2. Or: recast the current townhome’s mortgage, bringing down monthly payments to about 2,300 then rent it. Monthly rent is expected to be about 3600, based on other comparable homes in the area. From what I’ve seen…. It’s fairly easy to rent it out but I’m not sure what the renting market is like nowadays in the Seattle area. Then, put down 20% for our dream home, increasing monthly payments up to 8,500, using the cash flow of the townhome rent to fill in the increase in monthly payments so we maintain a comfortable lifestyle.

We’re really excited about option 2, but need an experts opinion. Is it reasonable?

https://redf.in/7ZjjIn

Been on the market for so long what’s wrong with it?

https://redf.in/28GZGc

Price reduction after another and it’s still sitting on the market … why

https://redf.in/FDLj8j

Are you getting any showings? How’s your open houses going?

We recently listed our home in Edmonds and are trying to better understand what buyers are looking for in the current market.

It’s an end unit with a spacious, well-designed layout and significantly more living space than many people expect from a townhouse, it doesn’t feel like a typical townhouse. We also believe it’s competitively priced for the area.

We’ve had a number of online saves and views, and the feedback from visitors has been very positive. Is there anything about the listing, photos, or presentation that stands out to you? What would make you interested in scheduling an in-person tour?

https://redf.in/FwICgI