Tips on Buying a Condo in Seattle in 2024

Surprisingly we are getting a lot of calls right now for condo buyers in Seattle. Condos are an awesome option to buy a home in Seattle’s favorite neighborhoods like Capitol Hill, Queen Anne, and West Seattle. But without having to sacrifice urban walkability by moving farther afield to afford a home.

A couple of things to look for this year versus previous years of buying a condo are the new lending and insurance regulations. We had one listing that fell apart last year because the building didn’t have proper homeowners insurance. Condo buildings these days need to qualify at a higher level than previously. Definitely check out our buyer advice blogs before starting your condo selling journey!!!!

Let’s do this. In this blog the team is going to give you some solid advice on what to look for when buying a condo this year.

Start Here – How to Buy a Condo in Seattle

<<coming soon video about buying a home in Seattle>>

Make sure to read the blog below about the nuances of how to win in this market. But before you go any further you need to educate yourself about the home buying process. The smartest Diva Dwellers are the ones who do a deep dive into each step it takes to buy a home in Seattle this year.

Start Here – Read the blog “How to Buy a Condo in Seattle”
Now Dive Into This – Reviewing the Condo Resale Certificate
Download our Guide – “How to Buy a Home in Seattle”
Just in case you end up in the co-op market check out: Co-Op Or Condo: What is the Difference
Read The Blog About How to Buy a House in Seattle
Watch the Video About Each Step You Need to Know About Buying a Home in Seattle
Read the Blog About The Home Inspection Process

Tips From Team Diva on Buying a Condo in Seattle in 2024

Now you know Team Diva and we do not mess around about giving you the hard truth when it comes to buying a home. There have been times we have told clients to walk away from buildings who are having a ton of issues. Just this week we took a call from a potential seller who was given next to zero guidance when buying their condo. Now they are stuck trying to navigate a ton of issues in their building.

The moral of the story is if you are considering buying a condo PLEASE read the following tips And have a broker who has experience with condos helping you on your sale.

Kim Colaprete’s Advice for Buying a Condo in Seattle in 2024

“This may be the last year to get a great deal on a condo. Take advantage of the cool condo market and buy smart. Stretch if you can. Buy a two bedroom instead of a one bedroom, snag unit with an extra bath, and make sure the building is 100% solid. Look for HOAs with good reserves and well-maintained buildings. Basically buy the best condo you can afford while prices and demand are still low.” – Kim Colaprete

Roy Powell’s Advice for Buying a Condo in Seattle in 2024

“DON’T SLEEP ON CONDOS. There are a ton of good options right now and you can often get more space, views, location, etc. in a condo, rather than buying the same sized house or townhouse. Realistically, HOA dues are going to be $600+ per month. Let’s see what they cover and how the building is using those funds for maintenance and upgrades. I’m a firm believer that personal space is worth more than amenities. A condo is a great place to start building equity.” – Roy Powell

Lindsy Russell-Mitchell’s Advice for Buying a Condo in Seattle in 2024

“Ask for the HOA documents as soon as possible. Understand what is within those documents, what you’re looking for, and how to review it. Also get the contact info for the property manager so you can get your buyers questions answered quickly.” – Lindsy Russell-Mitchell

Donna Burns’s Advice for Buying a Condo in Seattle in 2024

“Buying a condo in 2024 puts you in a power position! The condo inventory is high and you can get a great deal. Make sure you do a deep dive into the HOA; it should be financially strong and have clear CC&Rs (Covenants, Conditions & Restrictions) that detail the basic rules of the condo neighborhood. Additionally, make sure you specifically check out the rules about rentals and short-term rentals so that you’re aware of what to expect!” – Donna Burns

Hannah Wilson-Hillard’s Advice for Buying a Condo in Seattle in 2024

“Do your homework! Buying a condo is like investing in the building the condo is located in. It is so important to make sure to review the Resale Certificate and Homeowners Association financial documents! Understanding the financial state the building is in can save you from putting yourself in a situation where you have to pay a special assessment right after purchasing your condo. Luckily, Team Diva has a great blog all about reviewing these documents!” – Hannah Wilson-Hillard

Thank You For Learning Tips From Team Diva on Buying a Condo in Seattle in 2024

If you’d like to buy in a few of Seattle’s popular neighborhoods like Capitol Hill, Queen Anne, and West Seattle, buying a condo is an excellent option. Buying a condo gives you great urban walkability while having a more affordable option. This year, there are some new lending and insurance regulations for condo, so it’s crucial that you learn more about buying a condo before you go for it.

Start Here – How to Buy a Condo in Seattle

<<coming soon video about buying a home in Seattle>>

If you’d like to learn even more about how to buy a condo in Seattle, we have more resources to share! Our most successful Diva Dwellers are the ones who dive deep and take the time to learn the nuances of the condo market.

Start Here – Read the blog “How to Buy a Condo in Seattle”
Now Dive Into This – Reviewing the Condo Resale Certificate
Download our Guide – “How to Buy a Home in Seattle”
Just in case you end up in the co-op market check out: Co-Op Or Condo: What is the Difference
Read The Blog About How to Buy a House in Seattle
Watch the Video About Each Step You Need to Know About Buying a Home in Seattle
Read the Blog About The Home Inspection Process

Be a Smart & Savvy Home Buyer & Seller in 2024

Check out our home buyer and seller guides for 2024:

We are here to help. Our team understands that this process can take a year or two. And we are more than willing to give you a personalized plan to get the ball rolling. Feel free to contact us directly at thediva@teamedivarealestate.com or call/text 206-271-0264.