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Non-Tech : Investing in Real Estate - Creative Opportunities

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From: Smart_Asset	6/3/2014 12:00:08 AM
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Some anecdotal data for you. I viewed 5 properties today in Northwest Seattle priced from $500k to $600k with less than 5 days on the market. I spoke with the listing agent on all 5 and each and every one had multiple completed inspections and were anticipating multiple offers with some already having 5 or more offers on the table. I'm 99.999% certain that each will sell in excess of the asking price and xx.xxx% speculating several will go for $100k+ above asking. All from 1200 sq ft to 2400 sq ft on 5000 or less square foot lots. Finishes ranging from good to excellent. Some might say that's a bubble but the recent bubble was a product of nonexistent underwriting standards and these sales will have substantial down payments, a solid credit history and 'stable' employment. What is may well mean is a paradigm shift to a lifestyle somewhat similar to the 1950's- urban, local, neighborhood centric, healthy with a new age family twist. The millennials may change things more radically than the boomers.

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