Everything You Need To Know Before You Buy A Condo In Seattle

Timecodes
0:00 - Intro
0:10 - CONDO WEEK!
1:18 - Investments
3:26 - What To Expect In Luxury Condos
4:20 - Price Points
5:15 - Pros of Condo Living
7:57- What To Watch Out For In Buying Into A Condo
14:18 - Q&A: Noise Levels? Is It Loud?
16:07 - Q&A: Worst HOA Story
17:06 - Q&A: Are Short Term Rentals Allowed?

Welcome to condo week! This week I will be covering everything you need to know about purchasing a condo in Seattle. Specifically, I will be covering high-rise condos that air on the luxury side. In the future I will also create videos about more affordable condos through out the city. If you want to buy a condo in Seattle there is a lot to think about including location, square footage, HOA health/dues, amenities, dog friendliness, investment quality, and more.

[maxplanck]

Dear algorithm, i am happy Monica has uploaded again, please promote her channel!😄✌️❤️🇬🇧 much love Monica, a purveyor of property and human combinations! Hitting a birdie with every customer i'm sure!👍

[KevinYang]

Although condo living is really nice, I've been finding it hard to justify the ultra high HOA fees (seems to be much higher than other HCOL cities like Vancouver), because for the same monthly payment, you could get a townhome almost double the size (with parking!) not far from downtown Seattle...

[haleyanson]

✨special assessment✨
me, watching intently knowing full well I am not buying property anytime soon

[trihsshvlogs]

This video is so clutch as I’m looking to buy in a high rise. I wish you were in my city! No one talks about this stuff so thank you 🙏🏼 !

[JessicaLaShawn]

I am looking at buying a townhome so this video is RIGHT ON TIME Thanks for teaching us about a SPECIAL ASSESSMENT!

[jdho]

11:10 I bought my first condo in Lake City and then got hit with a *huge* special assessment to repair a faulty building envelope and major water intrusion. Lesson learned. Luckily, we were able recoup that cost when it was sold after just two years of ownership.

[Pamelam]

Great information and be sure to have Loss Assessment coverage on the Condo insurance policy. It won’t cover the cost of maintenance but will help with events like storm damage, fire, etc. Especially if the Master policy and/or reserves don’t have enough to cover it completely.

[alinaramig]

A similar thing happened to me - 6 months into owning a condo we found out the roof needed to be replaced. luckily we did have good reserves but we were still hit with a small special assessment and now have no reserves.

[knygaard]

I am so excited for this series! I just bought a condo in a small building in West Seattle earlier this spring. We're on the top floor and (even in a small building) the light is SUCH a difference from the townhouse we used to rent - like you said, even a cloudy or rainy day feels so much brighter. Because we're in a small building with fewer amenities, our HOA dues are ~$.50/square foot which seems fair based on what you described in the video.

[pirhan]

I almost bought a one bedroom (ground floor, tiny window, decorated by Delia Deetz) but backed out (because the entire place was so gaudy, I'm talking glass pedestal sink in the shape of a wave). Luckily I did as a few months later the roof needed to be repaired and HUGE special assessment came through. ALWAYS be wary of any thing (houses and people!) that don't think for the future.

[mkt]

literally had never heard the term "special assessment" before-- uber useful!

[StephenOshea]

it's really interesting how your.real estate system works in the USA . great video [ SPECIAL ASSESSMENT ] are the condos earthquake proof like the buildings in Japan ?

[carlyc]

This is my kinda series, love seeing different styles of properties👏

[colleenharris]

Thank you for talking about the reselling certificate and the special assessment! I walked away from an amazing place after seeing what little reserves they had & their plan pretty much was "fingers crossed nothing happens we need a special assessment for". Also read the HOA notes it tells you a lot about the place.

[AAA]

i'd be interested to hear your views on which buildings are good for airbnb & what to look out for

[zigzagtravel]

So true that high rise condo has amazing view of sky and harbor. Takes longer to sell but it sells eventually, especially in this hot market. Also you should take into account that townhouse sqf is actually counting stairs so same sqf of townhouse would be much less.

[Lisakaylindsay]

Thanks for doing this! So interesting to get info on condos as I’ll probably have to go that route eventually.

[roddiehouston]

The wisest thing that should be on everyone's mind currently should be. To invest in different streams of income that doesn't depend on government, especially with the current especially with the current economic crises around the world.

[BoltCRNA]

I'm considering buying a condo in the Bay Area so this was really helpful.

[rjdorsey]

Special assessment!! Love the information I'm soaking it up for when we're ready to buy