Weekly Update

So far we’ve only written two offers this week but we will likely write one to three more today or tomorrow which we’ll put in next week’s update if we do!

• We won the Fremont mid-century that was listed for $750k. Despite a really short listing time, 5 parties managed to inspect it resulting in a 9 offers. We won it a bit over the mid-$900s. While we had a strong earnest money deposit, the seller wanted $75,000 of non-refundable earnest money. We thought this was aggressive, but in this market, sellers can, unfortunately, dictate the terms.
• We lost on a flip in Highland Park listed at $550k. They didn’t waterproof the basement before finishing it and it still got four offers and ours at $623k was only the third highest. Crazy.

And here’s a few articles from other outlets we found interesting:

• The city wants your comments on accessory dwelling units
• Seattle approves taller buildings in Uptown, doubling heights in some areas
• Amazon still growing in Seattle, taking over what will be the Northwest’s 2nd-tallest skyscraper
• Designing a Home Without Disrupting the Land’s Healing Energy
• Vulcan on apartments: ‘We don’t see a giant bust in the future’
• Apartment developer Clyde Holland has imagined a ‘post-Amazon world’ and he really likes it