Hi all,
I am considering buying a couple of years old house in Monroe, WA; I do prefer a newer house. My budget is ~700k. With the crazy bidding war going right now, the listing value has to be below 600k in order to hit my target bracket.
Thoughts/questions (people who know about Monroe)
- public transportation doesn't look great; P&R with 102 spots, 2 buses to downtown Seattle with a commute time around 1:10min which doesn't look that bad. any experience?
- does anyone take Carpool/Vanpool to downtown Seattle? does it exist? experience?
- least of my concern - how is diversity? I have seen a few Indian/Chinese in the area so looks like diversity is picking up slowly in the area.
- School district seems decent (7) for being in Snohomish county. please add details if you know more.
- BOTTOM LINE: DOES IT MAKE SENSE TO OPT FOR NEWER HOUSE IN MONOE OR OLDER HOUSE IN SOMEWHERE LIKE MILLCREEK?
General Thoughts/questions
- I am getting quote as low as 2.5% interest rate by purchasing 1 point which seems like a great rate and likely will not see that level interest rate while I am alive.
- Does it make sense to bite the bullet with a 15-20% escalation price but with a record low-interest rate?
- Or does it make more sense to sideline for 5 months to a year even if the interest rate goes higher, likely housing price will at least stabilize if not lower.
#mortgage #housing #monroe, #snohomish, #rate, #seattle
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Travel
Health Care & Insurance
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
I would advise you not to wait, especially if you are buying for the long term. Even if the housing market takes a smaller dip, with a low-interest rate and higher inflation in the future, you will be paying the mortgage with much cheaper value!