Need help with bid

Amazon
fTFb71

Go to company page Amazon

fTFb71
Jan 16 68 Comments

What should I bid on this home? Good location in Kirkland, big house, relatively new (less chance of issue waiving all contingencies). It will go over asking. Thank you Blind community.

https://www.redfin.com/WA/Kirkland/5531-114th-Ave-NE-98033/home/460370

#mortgage #housing #seattle #kirkland

Household TC 680k (but couple M in NW)

comments

Want to comment? LOG IN or SIGN UP
TOP 68 Comments
  • Uber
    AvYc53

    Go to company page Uber

    AvYc53
    WTF is wrong with Seattle. I thought Bay Area was crazy but it isnโ€™t even close!

    Aug 2017 - 1M
    May 2019 - 2M
    Jan 2022 - 3.5M

    Is this normal?
    Jan 16 4
    • Uber
      AvYc53

      Go to company page Uber

      AvYc53
      Itโ€™s not even close. I donโ€™t think there is any place in the Bay Area where the going price is 3x of late 2017 prices. Not in SF, peninsula, South Bay or east bay.

      For instance, a SFH that used to sell for 1.75M in late 2017 in Sunnyvale now sells for 2.5M

      The multiple in SF is probably less than 1.5x. I know some parts of east bay have gone crazy but not 3x crazy!
      Jan 16
    • Amazon
      fTFb71

      Go to company page Amazon

      fTFb71
      OP
      It's not 3x. This is a newer house that was sold for 2.17M when new. The 1M was probably the house that was torn down
      Jan 16
  • Meta
    PFzY48

    Go to company page Meta

    PFzY48
    Iโ€™m also looking at east side. This one is out of my budget. If I were going to bid on this home, Iโ€™d start with 3.6M with an escalator addendum to ~4.1M (25% over asking). If you REALLY want to win the offer.

    I bid on this one last month and got outbid sadly: https://www.redfin.com/WA/Kirkland/325-6th-Ave-S-98033/home/462639
    Jan 16 12
    • Meta
      PFzY48

      Go to company page Meta

      PFzY48
      Try this one first OP, itโ€™s a beautiful home. I would bid on this if I have your budget.
      Jan 16
    • Amazon
      WiRJ38

      Go to company page Amazon

      WiRJ38
      @fTFb71: The market is super hot right now. Even if you think youโ€™re buying at the top of the market right now, youโ€™ll be glad next year when you see the prices have risen even further.
      Jan 16
  • Google
    kevigjvw

    Go to company page Google

    kevigjvw
    Why would you ask this on Blind, potentially luring your competitors to the house? Without getting any useful info back anyway.

    Unlessโ€ฆ
    Jan 16 1
    • Amazon
      fTFb71

      Go to company page Amazon

      fTFb71
      OP
      Offer review is this week. I don't expect people who aren't ready to turn around and bid. I'm asking to get more data points from this community, even if only some are helpful.
      Jan 16
  • Adobe
    eade

    Go to company page Adobe

    eade
    $0. Close to freeway
    Jan 16 0
  • Amazon
    aes sedai

    Go to company page Amazon

    aes sedai
    How are you able to afford that house ๐Ÿ˜ญ. These are tears of blood. I cannot even afford a 1M house in my lifetime.
    Jan 16 8