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Join us for Condos Over Coffee 6/29 - strategies to compete for condos in this fast paced market

Condos over Coffee Logo with WritingCONDOS OVER COFFEE - Wednesday June 29th 

WHEN: Wednesday June 29th 7:30 to 8:30am
Top Pot in Capitol Hill
TOPIC: Strategies to Compete for Condos in this Fast Paced Market

This month join me at Top Pot in Capitol Hill where we will discuss strategies to compete for condos in the fast paced Seattle condo market, including tactics on choosing the right lender that will help your offer be more attractive to seller’s and their listing broker.

This will be an ideal Condos Over Coffee event if you are at all considering buying and are wondering what the market is really like for condo buyers out there.

Please RSVP here so that we can make sure to save a seat for you. Friends, family and/or colleagues are welcome to stop by too, so pass the word along!

Oh, and coffee's on me! So stop by on your way to work on Wednesday to chat real estate.

Next month's Condos over Coffee will be on July 27th where we will have an update on the new construction condo projects coming up in the city, including information on NEXUS, breaking ground soon in Denny Triangle.

In April we met at the Starbucks in the Denny Regrade and chatted through prepping your condo for the market and understanding the importance of presentation, promotion and price when you are a seller in this market.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.

Lawsuits, Land Prices & WA State Condo Laws all to Blame for Rising Condo Costs in Seattle?

Courtyard View at NightI’ve been saying for years, that one way our city and state can help address affordable housing within our skyrocketing condo market,  is to address the issue that developers are afraid to build condos! Why are they afraid? Because they know they are going to get sued by the HOA’s, and to prepare for that, they have to pad the development budget by driving up the cost of the condo units to make up for the expense. Why are they getting sued? Not because they are building bad buildings, but rather due to the ancient Washington Condominium Act, which was supposed to help protect consumers several decades ago from scrupulous builders and developers that were cutting corners, but now over 25 years since the law was enacted, even for the best development teams with quality control measures, it is now creating a breeding ground for lawsuits, no matter how well and condo building is built.   

What’s the big whoop? Well guess what, these lawsuits drive up the cost of everything related to condo ownership. It makes things more expensive for the developer, for each subcontractor who also gets roped into each lawsuit, for each HOA that has to fund the huge cost of hiring a consulting firm to find construction defects, and on down to the individual condo owner who just wants buy a nice condo so they can live in a cool, fun and vibrant condo building in the city so they can reduce their carbon foot print, ride a bike to work, not commute an hour to work, and walk to the gay pride parade this weekend with their friends and neighbors but have to pay more for this convenience. They are okay to pay a bit more for all these perks of living in the city, but at what cost? 

I loved reading this article by Bob Wallace of Wallace Properties as he is doing a great job of bringing to the forefront some major issues regarding developers, lawsuits, land prices, and “extortion” as he calls it that affecting our condo market.

Great read!

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.