Seattle Real Estate - The best real estate deals in Seattle including foreclosures, unlisted property, bank owned homes, and other hot real estate deals personally chosen by Christian Nossum - Seattle MLS Search
This 3 bed, 1 bath, 1140 sqft house in West Seattle (Arbor Heights neighborhood) is a deal at just $309,000. Compared to the comps in the area, this house gets you the newest updates (granite countertops, refinished hardwood floors, new double pane windows, new paint, etc.), most square footage (1140sqft), and best location for the price (large corner lot). Jump on this now before it hits the market.
Watch the video and let me know if you are interested in seeing it in person. At $309,000 it is priced right for a 3 bedroom Arbor Heights home.
This is a deal! I headed up north to find this Shoreline real estate deal. It was completely remodeled and sold in 2006 (for $409,990!), and is now a bank owned foreclosure for just $292,000!
It has 5 bedrooms, 2 bathrooms, 2100+ sqft, and is directly across the street from a great park. It’s close to 3 different Metro bus lines (the 77, 330, and 348), and has quick access to 2 different park and ride locations (145th & 5th Ave NE) (175th & 8th Ave NE), as well as easy access to I-5.
There’s a large kitchen with nice appliances (large fridge, gas range, dishwasher), and a ton of counter and cabinet space. It’s a very open and bright floor plan. In the large living room there is a gas fireplace, built in entertainment center, and french doors that lead out to the great backyard deck. The deck has built in privacy walls and an overhang surrounding the hot tub area, and it is apparently plumbed and ready for a hot tub (no hot tub there currently).
In addition to the kitchen and living room, on the main floor there are 3 bedrooms and a full bathroom (with a higher end washer/dryer set). Downstairs has 2 bedrooms, a large storage room, and a full bathroom. This house looks nice. The only issue I saw in my visit was that there may be some mold growing in the downstairs storage room. I’m not sure how wide spread it is, but this may be part of the reason that this home is priced so low. At almost $120,000 less than it sold for in 2006, this is a unique deal.
Watch the video and let me know if you are interested in seeing it in person. At $292,000 it is priced right for a 5 bedroom house in a nice location.
A helpful article in Sunday’s Seattle Times reiterated a plan for financing fixer uppers that I’ve shared with many clients over the years – the FHA 203(k) rehab loan. I’ve written about it before here on DealsInSeattle.com, but it’s always helpful to get a reminder. Why do I recommend this loan so highly? Because the FHA 203(k) streamline rehab loan allows you to:
Buy a fixer with as little as 3.5% down
Fix it up using up to $35,000 of loan proceeds to make needed upgrades or repairs (the bank lends you money to do the repairs – you don’t need to use your own cash!).
You have up to six months to complete the repairs or remodeling work on the house.
The funds can be used for a variety of repairs and improvements, from roofing to flooring to appliances — virtually anything but furniture.
It has less stringent qualifying requirements than conforming loans.
If you are thinking about tackling a fixer upper in Seattle, let me help you find a property that’s a deal. Then use the FHA 203(k) loan to fix it up. This combo is a great plan! Remember, you make money on a fixer when you buy, not when you sell. If you buy right and get a deal, you are much more likely to succeed.
If you would like more information on the FHA 203(k), give Brad Maher of HomeStreet Bank a call. Brad is an expert on these FHA Rehab Loans, and he’s been doing them for over 20 years (he really is an expert on these – everyone that I’ve ever heard that has successfully used the FHA 203(k) program has used Brad because he knows all of the complicated in’s and out’s of the loan). His office number is: 425-771-2500 ext. 222.
UPDATE: This North Beacon Hill house has only been on the market for 12 days and the price has already dropped. Granted, this price drop is only $2500. The point is that if the bank is already lowering the price after only 12 days, they are motivated to get this house sold and may be more motiviated to accept a lower offer.
Also, don’t forget to sign up to receive instant blog post updates by email so you don’t miss any new real estate deals I find!
Since I’m all about finding the best Seattle real estate deals, I decided to make it easier for you to search for bank owned homes. I created a property search page solely devoted to Seattle bank owned foreclosures. You can find it by clicking here, or by going to the navigation menu at the top of the page and scrolling over the “Search for Seattle Homes” link, where the “Seattle Foreclosure Deals” link will appear.
Why did I do this? To make it easier for you to search for bank owned homes (and because I want you to find a deal!). If you have already a registered user on the map search page (where you can save listings, searches, and request showings), I would recommend that you add this as a saved search so you will be automatically updated by email anytime new Seattle foreclosure homes come on the market (if you’re looking for a good deal, staying on top of foreclosures is a must!). To do this, login to your account, click on “Save” atop the search results, and give it a name. If you haven’t already registered, do so now so. What do you have to lose? By saving this search, you’ll get nightly updates by email of any bank owned foreclosures in Seattle that new on the market. Bank owned foreclosures are where some of the best deals can be found right now. Staying on top of them is a must. If you ever have any questions about buying bank owned foreclosures, just let me know. I’d love to help you understand the process.
Check out the Seattle Foreclosure list by clicking here. I think you’ll like the ease of use, and the nightly email updates. Remember to sign up/register so that you get all of the benefits of DealsInSeattle.com. I want your next home purchase to be a deal, and I’ll do anything I can to help you get it.
This North Beacon Hill home just came on the market and is a bank owned foreclosure. It’s in way better shape than I expected when I pulled up to see it. The home’s exterior needs more work that anything. It could use a new paint job and some good curb appeal help. If you did those two things alone, this house would be about 95% of the way to reaching its full potential. The interior is that nice! Speaking of the interior, a lot of the original 1903 details are still intact! The dark wood wrapped windows really make the house pop! Check out the video, and if you’re interested in checking it out in person, contact me – 206-949-3048, or Christian@DealsInSeattle.com. If you are in the market for a home and this one doesn’t work for you, I would love to help you find it. You can bet that I’ll find you a deal!
Also, don’t forget to sign up to receive instant blog post updates by email so you don’t miss any new real estate deals I find!
UPDATE: Both the Columbia City & West Seattle homes are gone. The Fremont Triplex has seller financing available now (4% interest, 15% down, 5-10 year balloon is a possibility), and is now priced at $499,950 (was $525,000). The Wallingford Duplex is still available at $525,000.
If you are interested in learning more about any one of these properties, feel free to call or text me at 206-949-3048, or email me at Christian@DealsInSeattle.com. Like I said, none of these are on the market, so only you and I know they are available for sale.
I know of a major fixer in the Maple Leaf neighborhood in Seattle that is not on the market for only $175,000 $145,000! The owner wants it gone! According to the King County tax records, it’s a 3 bed, 1 bath home with approximately 960 sqft. The average list price for similar homes for sale in Maple Leaf is around $423,000. Anyone looking for a fixer, this could be a good deal for you! It needs a lot of work, but it’s the worst house on a good block (which is what you look for in a deal!). If you don’t want to fix this up, there are plans and permits included to build a new modern home in its place (these plans are a $20,000 value!). If you’re looking to build a home in a great neighborhood, please consider this. It might just work for you! Contact me for more info:
Christian Nossum
Cell: 206-949-3048
Email: Christian@DealsInSeattle.com
The top 5 are out of 100 cities nationwide are:
#1- Tacoma
#2-Memphis
#3-Pittsburgh
#4-Charleston
#5-Seattle
This is a pretty great list to be on, especially when most of the regions in the country are not fairing too well. This just goes to show that the Seattle area market, which never went too crazy when housing prices were shooting up, is also not going to crazy now that housing prices have fallen. We (and by “We” I mean Seattle – I have the right to call it that since I was born and raised here), has always stayed pretty stable due to our amazing diverse local economy (Microsoft and lots of other tech companies, Boeing and it’s local suppliers, and our amazing location for foreign trade, and many more). Since we don’t rely on only one or two forms of business to keep our local economy moving, we are able to better withstand bad economic times. Thank you mom and dad for moving from ‘NoMansLand, Minnesota’ to Seattle before I was born! You had some great economic foresight!
My professional opinion?Nope. As a real estate agent, numerous studies have shown that around 80-90% of people start their real estate search online. I think we will soon see studies showing that more and more people will find their home by seeing an “online friend” post a status update on Facebook, or a tweet on twitter, with a link to a website built specifically to showcase every aspect that home has to offer (like a video tour, professional photos, and a long list of features that may not fit on a traditional printed flyer sitting in front of the house, soaked by all of the rain we have in Seattle). I personally use all of these methods to sell all of my clients’ homes, and I’m always learning new methods and trying to stay in front of the curve when it comes to new social media and technology tools. That is why I volunteer as a board member of the Social Media Club of Seattle. By being involved with SMC Seattle and seeing some of the top minds in the social media revolution in both Seattle and in the world, I am able to see opportunities to market homes in unique ways and spread the word about my thoughts on real estate in Seattle. Without social media, it would have been almost impossible for me to do this since I don’t have the resources or connections to have my own real estate television channel or daily article in the local paper. Social media allows me to broadcast my message for relatively little money.
My personal opinion?No way. The transparency of social media like Facebook & Twitter opens doors to meet and enjoy more in life than ever before. For example, I’ve seen two amazing plays for free (with a $50 price tag for the worst seat in the house each time) without knowing anyone that works in the ticket office or at the actual theater the plays were at. I just belong to a Facebook Group that sends out “free comp ticket” notices when the theater need to fill seats (last night I got front row center seats – FOR FREE!). I would have never gone without Facebook. Facebook and Twitter also help me keep in touch with friends, enemies, and even relatives I sometimes wish I could forget, and helps strengthen relationships with new found friends or acquaintance and “online friends” that I’d like to get to know better. I also find great articles and even restaurant recommendations there.
Social media is here to stay. In 5 years it probably won’t look much like it does today. Heck, in 1 year it will change and grow into something that is different than it is today. As time goes on, I will grow with social media too, and I will continue to use it to share my thoughts, connect with people, and even market real estate. The revolution is here to stay, and if you want to use it, jump on board now because the train is picking up steam.
Christian Nossum Licensed Real Estate Agent in WA State Wilson Realty Exchange
Cell or Text (yes, I do text!): 206-949-3048 Email: Christian [at] DealsInSeattle.com
Questions? Just ask! I'm here to help, so let me know!
