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SeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real EstateSeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real Estate

(206) 790-7874

Move Down/ Empty Nester Strategies in a Challenging Market

For many of us, our children have either already grown up and left home, or they will be leaving the nest soon. We are no longer interested in spending long hours keeping up our yards, and our homes are larger than what we need. If you are among those in this boat, the good news is it is a fantastic time to sell a home! The bad news is that buying a home can be challenging in the current Seattle-area housing market. If your goal is to stay in the area, there are a couple of good long-term and short-term strategies.

Many homeowners in the Seattle area are hesitant to sell their homes right now unless they can purchase their new home before selling their existing home. The Seattle housing market is the hottest real estate market in the country, with no signs of slowing down. January 2017 marked the 17th month in a row that Seattle has led the country in home price increases. Because of this, homeowners feel secure in owning a home and worry that they will not be able to find another home that they love in the hyper-competitive market. This has made low housing inventory a common theme in our area, driving up competition and prices for buyers. If you are worried about buying a new home in this market, you can explore creative methods, like a home equity line or other financing options that will allow you to purchase before you sell.

Another option is to get started on a two-year strategy. If in-city life appeals to you, purchasing a condo presale could be a good option. Developers prefer to sell future condominium homes prior to breaking ground on the project. For an empty nester that isn’t quite ready to move, there are a few excellent benefits for taking this route!

  • First, you are purchasing at current market prices, which will very likely save you money in this skyrocketing housing market. All that is required is a small deposit (usually 10%) with no additional payments until closing. If our market continues to appreciate as it has, by the time you move in you will already have significant equity in the home. 
  • Second, you will be moving into a brand-new home that suits all your needs. Many empty nesters appreciate the smaller size of condominiums, the convenience of location, the lack of yard to care for, and the lock it and leave it lifestyle that is perfect for travelers.
  • Finally, you will have plenty of time to get your home ready to sell, pack up, and downsize your belongings. This will result in maximizing the sale price of your home!

The SeattlebyDesign team is always available for consultation on your specific circumstances.

Please don’t hesitate to contact us!

-Barry Bergner

Posted in: Financial Tagged: brand new home, city, Condo, Condominium, Condos, deposit, developer, downsize, empty nester, Equity, financing, home, home equity, homeowner, homeowners, house, housing market, lifestyle, location, Luxury, new home, pack, presale, Real Estate, real estate agent, seattle, seattlebydesign, urban

The Condo Comeback: NEXUS Will Be “First and Foremost” Among the “Few” High-Rises for Sale in Downtown Seattle

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Following a record apartment construction surge that delivered more than 12,000 new rental housing units in downtown Seattle, it’s curious that, since 2011, only 866 condominiums were added. What’s more extraordinary is that so few of those new condominiums remain available to purchase today.  Simply put, 99-percent of what was built for sale in the last five years has been sold and more than two-thirds of what’s planned for delivery by 2019 is already reserved through priority pre-sale.
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Posted in: New Construction Tagged: Cityscape 2020, Condos, Downtown Condo, New Construction, NEXUS, NEXUS Seattle, Seattle Condo

The Seattle Times Says, “Smart Connections Planned at Downtown Tower”

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A RECENT ARTICLE PUBLISHED BY THE SEATTLE TIMES DESCRIBES THAT “REPRESENTATIVES AT NEXUS SAY THEY ARE ENGINEERING A ‘SMART CONNECTED BUILDING’ AND IN THE PROCESS ADDING A NEW DIMENSION TO URBAN LIVING.”

The commencement of construction on the NEXUS condominium tower in downtown Seattle quickly approaches, and executives of Burrard Group and Sirqul announced a new alignment that will redefine what it means to “live in the cloud.”
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Posted in: Condos, Downtown, New Construction Tagged: Condominium, Condos, dean jones, Development, New Construction, NEXUS, NEXUS Seattle, realogics sotheby's international realty, Seattle Times, seattlebydesign, Sirqul, Sky Club, SLU, south lake union, Tower

First Glimpse | NEXUS Lobby and Restaurant Space

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Weber + Thompson released some preliminary renderings of the lobby and plans for the ground level of NEXUS to include a boutique, 400 sq. ft. specialty coffee shop that’s open to the lobby, and a destination 2,800 sq. ft. restaurant and bar.

The building will be accessed across a water feature along a catwalk with frameless glass on either side, creating a portal experience that separates the resort style lobby from the street.
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Posted in: Buildings, Downtown Tagged: Condo, Condominiums, Condos, Downtown Seattle, Luxury Real Estate, NEXUS, NEXUS Seattle, seattle

The Daily Journal of Commerce Turns to Realogics Sotheby’s International Realty for Insight on Downtown Seattle Condos

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Dean Jones, President & CEO of Realogics Sotheby’s International Realty offers insight in the latest Real Estate Buzz entitled “Condo demand rising faster than supply,” as the Daily Journal of Commerce says that the rate of demand for condos in downtown Seattle is much higher than available supply.
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Posted in: Condos, General Real Estate Information, Realogics Sotheby's International Realty, Seattle Tagged: Condos, Daily Journal of Commerce, dean jones, DJC, Downtown Seattle, Insignia, LUMA, Market Trends, realogics sotheby's international realty, VIK

Realogics SIR is the Top Selling Office for Downtown Seattle Condominiums since the Great Recession

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Executives of Realogics Sotheby’s International Realty recently announced that half of the top 16 condominium sales in downtown Seattle year-to-date were represented by RSIR brokers while the firm maintains its place as the top selling branch office of urban condominiums since the Great Recession in 2009, according to Trendgraphix research.

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Posted in: Condos Tagged: Condominiums, Condos, dean jones, Emerald City, Great Recession, Luxury Real Estate, Puget Sound Business Journal, realogics sotheby's international realty, seattlebydesign, Sotheby's International Realty, Trendgraphix

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