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Seattle real estate and Seattle suburb real estate is extremely attractive right now and especially so for those home buyers looking to trade up to a new house! 

seattle real estateSome Seattle buyers are looking for new construction and all the builder perks that come with Seattle or Seattle suburb new construction.  Some Seattle buyers might be looking to move up from a condo to a town home or from a townhome to a house.  Maybe a view of Puget Sound or a lake? Acreage for a horse? Waterfront on Mercer Island or in Lake Forest Park?  Larger square footage or a pool? 

No matter what house you are looking for in the Seattle real estate market, you can find a better deal right now if you want to trade up.  So, how do you trade up and take advantage of today's prices and buyer bonuses and offload the house you are moving out of?  There are surprisingly many ways to accomplish moving up in Seattle real estate!

Here are just some of my tips:seattle suburb

1.  Sell your current house, condo, or townhouse..  You CAN sell your current home in Seattle's current buyers real estate market!  You just need to make sure to price it CORRECTLY!!!!!  The buyer pool has shrunk and you need to be extremely competitive and savvy in pricing your home accurately.  You may have to look at a lower price for your old home but a huge savings in your new house.  Your qualified FULL SERVICE Realtor is the only one who can do this effectively.  Stage your property and take all of your Realtor's other tips, but please listen very carefully when it comes time to pricing.  Longer market times cost you money!!!!

2.  Rent your old house....Don't want to sell in a lower market?  Why not rent for a year?  Loan qualifying standards have increased and with less people qualified to purchase, more are renting!  Don't want to deal with renting your house?  Hire your Realtor to do the property managing - this is cheap and saves you both hassles and increased liability.

3.  Rent your new house...  Buy your dream house now and have someone else help you pay for it. Live in your current home and rent out your new home.  Have someone else help you earn that equity and improvements can be tax deductible.

4. Explore a lease to own situation....This is similar to renting your old or new Seattle house except that the tenant is vested and has an option to purchase the property.  A down payment is usually involved and lease payments are typically higher because part of the monthly money goes towards the future possible purchase of the home.  Make sure to have a Realtor help you with the intricacies of this transaction.

5.Builder Help? Creative builders can sell you future houses at today's prices or help you "trade in" your old house.  Builders also have access to in house financing - your Realtor can help you find some of the builders in the area that might be willing to negotiate this type of transaction.

Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Associate Broker and Realtor serving North King & South Snohomish County - Experienced and with a background in accounting - I love my clients and work hard for them! Call me if you are looking for a home or investment property in Seattle, Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs

 

 

2 Comments on Seattle Real Estate: How to Trade Up in a Seattle Buyer's Market

Courtney, That is a very informative post.  Have you had any local reaction to it?  Karen Kruschka

12/26/2007 06:43 AM by Karen Kruschka - Fairfax Prince William Stafford County VA Real Estate Service (RE/MAX Allegiance)


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Real Estate Agent: Seattle Realtor Courtney Cooper Seattle Real Estate, Seattle Washington (Seattle Real Estate: Cooper Jacobs Real Estate Services)
Seattle Realtor Courtney Cooper Seattle Real Estate, Seattle Washington
Seattle, WA
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Seattle Real Estate: Cooper Jacobs Real Estate Services

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