r/SeattleAreaRE

Hi everyone,

I'm in a dilemma. I bought a house in Seattle 2 years ago but am moving back to California due to family health and career. I put 50k in for down payment and mortgage rate is 6.25%. With that being said I was paying 4300 monthly including insurance and taxes. Comparatively, houses similar to mine are being rented out for around 3k-3.5k. So when I do the math, compared to renting, I paid an extra 70k.

Due to the market being not great in Washington at the moment, if I were to sell my house, after paying agent fees I'd likely have to pay 4k out of pocket.

If I rent out my house using a property manager that my neighbors are using, after estimating possible vacancy and maintenance fees, I'd be looking at a negative cash flow of around 1700 to 2000 a month. I can definitely afford this with my income. However, I am aware that this would be at the cost of putting that money into stocks or other investments.

Should I take the 74k loss and sell my house now, or should I just rent it out to see if the housing market gets better? What if I plan to come back for retirement one day?

Hello all,

Not sure if this is a right place to ask but we are trying to negotiate the price for this property! It has been on a market for awhile and the house does look nice. Just wondering if you guys would think whether it is priced well. It's so hard for us to gaze how much we can negotiate in this market! Would you buy this house per se?

https://redf.in/indOsP

Lots of inventory sitting even in Seattle proper now. Even low 1M property sitting in QA, Montlake and Ballard. 30 year bonds at decade highs.

The winds are definitely changing.

https://redf.in/y9Dq8R

1018 NE 103rd St Seattle, WA 98125

This house looks awesome, is very walkable, newer for a Seattle home, no HOA or other weirdness, and in general seems like such a bargain for Maple Leaf at the listed price of $1.25M. Is it that where it is people feel it’s more Northgate and less Maple Leaf even though it’s a good way up the hill? I know it’s only been a few weeks but every time I’ve seen a house like this further south in Maple Leaf it seems to be gone within the first day or two.

Obligatory disclaimer: This is not my home nor do I have any direct vesting in the outcome of the listing, except that I own a house around the corner and am wondering if I’m way off on the valuation of my own home.

Saw this listing pop up in Ballard, seems like a good value for the area? What do you guys think?

A mid-century gem with beautiful gardens for $500k. If you didn’t go into the city much, this would be quite the spot for people who enjoy the mountains. There are a couple nice farm stands in the area - does the South Hill Mall still exist? Not my listing…wish I had a client for it: Puyallup Mid-century

This condo is available in my building and I wonder why it hasn't been sold yet.

Cons

• By the exit from aurora, so it does get loud.
• Building amenities are non-existent for the insane HOA $.

Viewed a lovely house that checks all the boxes but the City of Seattle’s map of environmentally critical areas (ECA) places it in a “known landslide” area. And it’s very precisely within the boundaries of the ECA - it would be fine if it were just a couple doors down. It’s on a gently sloped block. The house is old and sturdy and doesn’t look like it’s been landslide damaged before, but I’m afraid it would collapse in an earthquake, or the neighbor’s house just above it on the hill would fall on it. I’m also afraid of insurance costs. Would you bid on this?

Hey Seattle RE experts,

I'm considering this Lakemont House. It is a bit over budget for us but I like the school district, good lot size and general quiet of the neighborhood.

1. Anything glaringly wrong with it?

2. What would be a fair value to consider making an offer?

3. What things to consider as we seriously think about an offer?

4. Do you think we can find better value home elsewhere on Eastside?

I'm assuming the roof would need replacement soon since it is very likely the original roof from 1997.

17247 SE 54th Place, Bellevue, WA 98006

Asking price 1.575M

https://www.zillow.com/homedetails/17247-SE-54th-Place-Bellevue-WA-98006/48923809\_zpid/?utm\_campaign=androidappmessage&utm\_medium=referral&utm\_source=txtshare

I am new to this subreddit, How much is a good price for this home? Any drawbacks to this home and place? Seller mentioning it was a model home and the bigger community is across the road. Would 2.2M be a reasonable price or better homes in that range can be found?

I know it needs a lot of cosmetic work but only $900k for a big house in the CD seems low. Is there something about this street or something I’m not seeing?

I just started exploring the single family home market in the Seattle Eastside. Prices in Bothell seem to be significantly lower than prices in Redmond, Bellevue, Kirkland, Woodinville, Sammamish. I will be commuting to Bellevue so l'd prefer something that isn't too painful a commute.

I'm new to the Seattle area, forgive me if this is a noob question, but why is Bothell cheaper than those neighboring cities? What's the catch? I have heard that the Bothell school district is very highly regarded. Some of the houses I have seen in Bothell have very similar commute times compared to more expensive homes in these other cities.

Hi looking for suggestions on where to move with kids. We are a family of 4 looking for 3 bedroom 3 bath at least 2700 sq for ~$2m. Ideally looking for great public schools.

We live in wash park in Denver. Like our area but also move to moving further suburbs as well. Initially narrowed down to maple leaf, Issaquah, Bellevue, and sammamish. Are these good areas? Also could consider woodinville.

Need to be 45 min from SEATAC

Thinking of buying a SFH 2500 sqft or so there for under 1.5M around St Anne’s. I think area has a lot of potential once Sonics returns.

Terrible idea with the local Seattle economy?

Seriously, did whoever designed and built this consider what it would be like to actually live there? And this goes for the majority of townhomes built here in the last 10 to 20 years, particularly the smaller 3 story 1200sf and under ones with the kitchen and living room crammed together, often without closet space. At least this listing doesn't try and pretend there's a living room, they just refer to it as an "eat in kitchen" in the floor plans. The spiral staircase makes me dizzy just looking at it though.

This is one of the worst, but I've seen so many cramped townhomes like this with 250 to 400 sf per floor that it really pisses me off. So many going up all the time and a wasted opportunity to create new homes that might actually be worth buying and living in long term. Not at all surprising this one is an Airbnb, even it's value as short term housing is questionable.