Seattle, WA Real Estate News

By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
Developers and visionaries are out to change the landscape and forever change Seattle's place as a big city.  Around downtown 49 new condominium and loft projects have been proposed adding upwards of 10,000 new housing units to the urban core.View a map of Seattle's skyline in the year 2010.   With recent rezoning allowing for higher density and taller buildings combined with a healthy business environment what will continue to grow, developers are creating new urban centers in the Midtown and South Lake Union districts.
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By Ben Kakimoto, Seattle Condo Specialist
(Keller Williams Greater Seattle)
Seattle is undergoing an extraordinary condominium construction renaissance with up to 49 new mid- and high-rise buildings proposed by 2010 adding over 10,000 housing units.  Realistically, not all will be built but many will which will provide homeowners and investors incredible pre-construction presale opportunities.   Generally the presale process is composed of four distinct phases - Reservation, Examination/Contract, Construction and Closing.  Though some developers are utilizing a lottery process. Reservation -A reservation is the initial offering to the public.  The developer will provide preliminary floor plans, renderings and pricing.  A deposit is required which can range from $10,000 to 10% of the purchase price.Examination/Contract -  During this phase the developer will pro...
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