Updated over 10 years ago on . Most recent reply
Caps
Does anyone have an idea on what fair cap rate is in seattle? Everything in my area seems so low. Also is it common for seller to want 10% earnest money held back after feasibility test?
Most Popular Reply
Within Seattle/Bellevue city limits, it's usually 4-5%. In Snohomish County, 6-7% is common. If you go to South King or Pierce County, you can find 7-9%. Other counties, it's common to see 9%+.
The only time I have seen a 10% earnest money required is if you do a cash offer for certain bank owned properties. Some aggressive private-party sellers will ask for something like that too. What are you looking for in particular?