Is Seattle Real Estate A Safe Investment?

With economists trying to speculate about the real estate bubble bust, several people have been asking themselves if the Seattle real estate market is still a safe investment for buyers. Previously, inventors have seen very important financial gains through investments in Seattle real estate.

Due to the mortgage rate increases and the idea that the average salary in the city remains unaltered, many people ask themselves if some profits can still be made from Seattle real estate.

In spite of of what happens in the economy, real estate will always be necessary, as people will always require some kind of roof over their heads. The question then is what kind of housing are these people looking for. Despite the economic forces that many believe will break Seattle real estate investments, the average home price in Seattle amplified to $338,000 in the first quarter of 2006. This is a growth of 16.4% for the city. These numbers reveal that the Seattle real estate market is in constant growth.

One method to invest in Seattle real estate is by purchasing foreclosed homes. Foreclosed homes have basically been repossessed by the bank due to nonpayment from the homeowner. Foreclosed homes are often auctioned off as a means for the bank to recover some of what it has lost.

The positive aspect on foreclosed homes is that they can often be bought below the value of the market. This lower price will give the investor the possibility to make an important gain through property reselling.

For it to be possible to buy foreclosed Seattle real estate, it is best to be as familiar as possible with the auction procedure before you attempt to buy a foreclosure home. The procedure can be quite delicate and even good investors can make big losses with the purchase of foreclosed homes.

It will be necessary to have fast access to the capital for the purchase of Seattle real estate in the event that the investor wins the auction over. Bear in mind that in some cases, lawyer costs can be linked with the transfer of the title when you deal with foreclosed Seattle real estate.

Once you have invested in Seattle real estate whether the purchase was through a foreclosure auction or by any other means, you can choose if you would like to resell the property or keep it in your portfolio and try to rent it out to someone. There are advantages and risks linked with each decision.

Although it might be true that Seattle real estate is in some ways calming down, it is not completely dead yet. Not only is it a lot safer to invest in Seattle real estate, but there will still be a lot of financial gain left over for the investors.


Ann Sommers is a contributing editor at RealEstatePropertyArticles.com. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.

Investing In Rental Properties

If you are looking to make money in the real estate industry and would love to make a decent living out of it, you might want to look into investing in rental properties. At this point this might not mean much to you, but as you go along you will find out that rental properties can earn you a lot of money if you proceed properly. Obviously, this is not easy, but if you put in the right amount of time into it, you will be able to find rental properties with a strong potential.

The question you might be asking yourself right now is, what exactly are rental properties? Well, basically speaking, rental properties are pretty much exactly what they sound like. Once you own a ‘rental property’ you will then be able to rent it out to your tenants on a monthly basis.

This way will enable you to set up a stream of income that will arrive into your bank account each month. Countless people love setting up this type of system, giving them an additional stream of income. This is also because it is much easier to handle than a lump sum payment.

But along with the rental properties money making method, you might also want to consider a few other things. Firstly, remember that rental properties will require some maintenance. If you are a rental property owner, then you will be responsible for maintaining it to the appropriate standards. Also, if a tenant has a problem with any of the appliances, it will be your job to take care of it.

Many people who own rental properties sometimes hire a management company in order to take care of these things for them. Even though this is a service you will have to pay for, it is usually worthwhile in the end because it will cut back on the amount of problems that you will have to deal with more personally.

When you start searching for rental properties, make sure you keep an open mind. This will enable you to get involved with the ones that can offer you the most. Some people tend to avoid certain rental properties because they don’t want to leave their comfort zone. But you must always be on the look out for property with potential, regardless of the details. This way you will be able to make your money work for you in the best way possible.

On the whole, rental properties can be quite a profitable source of income. Always make sure that you remain aware of the work that goes into them. Even though big profits can be made, there are also many downfalls that you should also consider.


Ann Sommers is a contributing editor at RealEstatePropertyArticles.com. This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.