Seattle Condo Blog and Community Information

Rumor is that some  builders in the Seattle and Bellevue area are offering price guarantees for units in their buildings.  I wanted to find out exactly how this worked so I contacted the Trio Sales center to find out right from the source.  The Trio is located at Denny and Western where Belltown, Queen Anne and the waterfront converge.  I was informed this is how the guarantee works:  Continue Reading »

Children’s Hospital in Seattle is looking into expanding.  The only problem is land is not available,  so what the solution.  The solution is buy a condominium complex and potentially use the site for the expansion.  But how do you get those condo owners to sell their condos.  Well you offer them Continue Reading »

Spring is approaching for Seattle condo buyers and its seems as though more first time buyers are starting to search for Seattle condos.  Tracking how many buyers are requesting showing appointments is a good metric to see which way the Seattle market is heading.  In my opinion buyers who were waiting for long term interest rates to come down drastically don’t see this happening and realize we have some of the lowest rates since 1983.  With the dollar declining versus other currencies you have to ask yourself Continue Reading »

A bill that is proceeding through the Washington State Senate and house that will protect current renters in apartment buildings that will be converted to rentals by the owners is in its final stages.

The bill would require building owners to give tenants a longer notice of the actual conversion.  Currently the notice is 90 days and that would increase to 120 days.   Relocation assistance would be increased from Continue Reading »

 

During a Cosmopolitan condo yearly board meeting the topic of setting a limit on the amount of owners who may rent out there unit at any giving time surfaced.  This was suggested so the building could stay within conforming loan guidelines and make the property more marketable.   Many times developers indicate they limit the amount of buyers who can purchase an unit for investment purposes.  This might only prevent the buyer from renting their unit for one year because of loan guidelines.  One thing to consider Continue Reading »

The owners on the West and South side of the Cosmopolitan condominium in the South Lake Union Area between Virginia and Eight St. are very upset about modified height limits for buildings built to the west and south of the building.  This issue is being highlighted tonight Monday, March 3 on a special report on Kiro 7 News at 6:00 pm .

Read more on this topic in the SeattlePI online

The Owners in the Cosmopolitan building are in for another surprise.  That is if you live on the south side of the building and your unit is in the vicinity of the 21th or so floor.  The building going up to the south has asked  Seattle City planning for a modification to the building.

 The plans were modified after the purchase and sale agreements were signed by the buyer and many had no notification of this proposal.

The original building was suppose to be  a 14 story high office building which reaches about the 20th or 21st floor with components on the roof.  With the new proposal it might reach about the 21st or 22nd floor.

Seattle Times Article on New building height restrictions in the downtown Seattle area for Seattle Condos and other buildings