Killer low interest rates...but no deals in sight

Rental Property Investor · Seattle, WA · Member since 2014 · 1k+ posts · 1k+ votes

Searching King County up to 600K. Not finding much. What there is goes pending in a day or 2 or has an offer review date/multiple offer situation. Not interested in Tacoma due to new Seattle like regulations..

Killing me. Right now I'm just looking for a new primary residence that will later turn into a rental. But this summer I need to buy 3-4 more rentals after cash out refinancing a few houses. Gonna be long days of looking....

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Dave Skow

Lender · Seattle, WA · Member since 2014 · 2k+ posts · 899 votes

make sure you are 100% pre approved so you can make strong offers and use short closing periods on any offers you present

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
6y
Originally posted by @Charlotte Casey:
Originally posted by @Sandra S.:
@Charlotte Casey our in house lender advised us that they are artificially raising their rates to slow the overwhelming demand for financing. Purchase Deals will take 45-60 days to close and refi’s could take 90 days.

Arrrgh not good news. I was confused about these “great interest rates” as I’m seeing 4.2-5% on a 30.
those are historic great rates..

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Jack B.
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Rental Property Investor · Seattle, WA · Member since 2014 · 1k+ posts · 1k+ votes
6y
Found a great deal! Lake front property!
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