Client Question: “What does it mean if the property for sale is a Bankruptcy sale?”
What does it mean if the property for sale is a Bankruptcy sale?
What does it mean if the property for sale is a Bankruptcy sale?
It is always great to hear that a new construction condominium building's sales center is moving into the building itself, as it indicates that the building is getting closer to be completed, allows potential buyers to see more of the final product and also means that buyer's who have already purchased will be moving into their new homes soon.
According to the PSBJ article that came out today, the building that is slated to be built at 5th Avenue and Stewart Street, called Altitude Hotel & Residences, might include all condos instead of a mix of condos and apartments as it originally claimed.
Insignia has just announced that they are 95% sold in both towers combined, leaving them with fewer than 30 homes left.
I want to buy before I sell but what are my lending options to make this happen?
If you are getting a loan to secure your condo, then the answer is definitely yes. The lender will require that you have your home owner insurance in place before they will approve the loan and close on that loan.
According to a press release from LUMA Condominiums, they are now 68% sold and are quickly approaching move-in ready status.
This month join me at Top Pot in Capitol Hill where we will discuss strategies to compete for condos in the fast paced Seattle condo market, including tactics on choosing the right lender that will help your offer be more attractive to seller’s and their listing broker.
I’ve been saying for years, that one way our city and state can help address affordable housing within our skyrocketing condo market, is to address the issue that developers are afraid to build condos! Why are they afraid? Because they know they are going to get sued by the HOA’s, and to prepare for that, they have to pad the development budget by driving up the cost of the condo units to make up for the expense.
NEXUS Condominiums is reporting a very strong turn out to their grand open reservation event this past weekend. We attended a preview event last week, and so far the offering of condos at NEXUS sounds very compelling. With two other condo projects nearing their completion and closings this summer (Insignia Condominiums and Luma Condominiums) it's not surprising there is demand for another high-end luxury condo community in the downtown core.