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Wednesday, February 4, 2009

Time to buy Seattle Condominiums

By K. Kim

With interest rates at all time low for mortgages and housing market one of the worst in decades, Seattle condominiums offer opportunities for those who are looking for long term. To jump start the housing market, the federal government is offer $7,500 credit for first time home buyer. Overall prices averages sales in Seattle are have surprising increased to 6 percent from declines in the past few years.

Sales in Queen Anne and West Seattle has contributed to this rise in prices. But the prices of downtown condominiums have fallen, although there is significant unsold inventories in the city of Seattle, Washington.

There are many things to do and visit in Seattle. One of the attraction that is attracting international interest is the Pioneer Square where visitors from all across the world is flocking too. In the Pacific northwest, Seattle is home to bustling financial district as well as large coastal area in this region. Some large corporations also call Seattle home like Amazon, Microsoft, and Starbucks.

In the past few years, there has been large amount of development in new condos, which brought over 5,000 units to the market, there seems to be no new development or new constructions within this market until 2012. So, this makes it perfect time for one to buy a Seattle condominiums for investment or as a home for your family or yourself.

If you are thinking of purchasing, think about the options available like upgrades which not can be negotiated with many developers offering incentives to move the over supply of condos. You can get fully furnished kitchen and great interiors and comfortable living space for great value.

If your not sure and need a hand holding, contact a local experienced professional who can guide you in the process. Make sure you do some homework as you can get better deals if you know what people are willing or are selling these assets at.

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