Competing Offers

Real Estate

How many times have you already made an offer and lost?

A lot of things have happened in the last 5 years and for two years in a row, I have been seeing more and more home buyers going over 20% and in some case 30% over the listed price of homes. This has been the trend for quite some time now especially here in Seattle and Tacoma area. My clients have been asking me if this will ever subside any time soon. I wish I have a crystal ball and I could predict what will happen in the future. All I know is that Seattle, Bellevue, Tacoma and Everett areas are in the "massive employment & investment" boost. The boost is from hiring frenzy from Amazon and from wealthy Chinese investing their money over here instead of Vancouver BC. These are the two main factors I am seeing right now.amzon

Despite of the new Head Tax that the Seattle Council pushed forward, it seems Amazon will continue their expansion for the time being.

us-dollar-vs-chinese-rmb-17657423

Well, Chinese investors are flocking here in the Seattle, Tacoma, Bellevue and Everett area to invest their money here - where their Renminbi could stretch further.