Good Deals in Real Estate

In this Forbes article, 2 out of 8 experts defined “good deals in real estate” as properties that fetch monthly rents in excess of 1% of their sale prices.

I took a quick glance at rental listings near my office and found a lovely 2,000+ SF house in Mount Baker with 3 beds, 2 baths and a newly renovated kitchen. The landlord is asking $4,500. A slightly worn-looking Mid-Century on Seaward Park Ave is renting for $2,750. Down by 46th & Holden, you get nearly 2,700 SF plus a lovely yard for under $2,500.

If you multiply these asking rents by 100 and go looking for reasonably move-in-ready 3-bedroom houses in the neighborhood? Good luck!

On the flip side, if Forbes’ experts are to be believed, it seems Seattleites selling their houses these days are getting spectacular deals.

Posted on October 29, 2017 at 6:29 pm
Isabel Wang | Category: Uncategorized

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