If you want to buy a luxury condo in this
incredibly competitive market, don't be afraid to offer an extra $5,000 or
$10,000-- it won't impact your monthly payment as much as you think.
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Today
I’m coming to you live from the kitchen of a luxury condo in the heart of
Bellevue to talk a little bit about these specific properties.
The average luxury condo in this area is going for $767 per square foot. The condo I’m standing in right now is 1,641 square feet and it’s priced at $1.6 million.
I frequently get questions from buyers asking if they should pay an extra $10,000 if they’re in a multiple offer situation. If you offer an extra $5,000, you'll pay $10 to $20 more per square foot. Make sure you break down those numbers along with whatever your interest rate may be to determine what your payment difference is.
The average luxury condo in this area is going for $767 per square foot. The condo I’m standing in right now is 1,641 square feet and it’s priced at $1.6 million.
I frequently get questions from buyers asking if they should pay an extra $10,000 if they’re in a multiple offer situation. If you offer an extra $5,000, you'll pay $10 to $20 more per square foot. Make sure you break down those numbers along with whatever your interest rate may be to determine what your payment difference is.
If you have any questions about this topic or are interested in buying a luxury condo, please don’t hesitate to give us a call. We’d be happy to help you!
