Seattle may currently hold the record for most cranes and construction projects underway in the downtown core. Most of the units are rentals/retail with permitting that began several years ago.
Everyone thinks buying and selling in the summer is the ideal move and it makes sense on many levels. School is out, weather cooperates, people are feeling happy, and relocation is in full swing. But, when I stop and analyze what continuously happens at this time of year another story unfolds.
In our robust housing market it’s easy to believe that renting is the only option. Especially if you are young and in a high cost of living area such as greater Seattle.
Sure, there are numerous factors that go into taking the plunge as a homeowner. Is your credit strong? Do you have enough for a minimum 3.5% down payment on an FHA loan? How about closing costs? What other debts do you have such as student loans, credit cards, or a car payment?