ELS3/Studio38

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Revision as of 07:02, 27 November 2023 by Bnewbold (talk | contribs) (→‎Offer Logistics)
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Notes and logistics for offer on 2300 38th NE Wallingford house: large front studio, big garden, basement studio, no garage.

https://www.zillow.com/homedetails/2300-N-38th-St-Seattle-WA-98103/48919694_zpid/

Offer Logistics

Reviewing offers Tuesday, Nov 28th, noon Seattle time.

Monday:

  • first, get in touch with buyers agent, via Nadya
    • send all available info via email, from seller agent
    • context: we like the house, and want to put in offer, but ok if falls through and we do more prepared offers in a couple months
    • Q: ability to move walls; permit hard? determine if wall is load bearing?
    • Q: ability to add a new separate ADU building, or trailer; is this realistic?
    • Q: what else do we need to have to make the offer itself? eg paperwork
    • Q: what price and conditions should we offer at?
  • in parallel, talk to a mortgage loan officer
    • try to get pre-approved, either as an LLC, or subset of group

Tuesday (or Monday PM):

  • combine paperwork and final caveats/numbers, send to seller's agent

Financial Scratch Notes

$1,550,000 asking

$16,800/year or $1400/month estimated taxes. note that current owner pays about $1430 *per year* (not *per month*) b/c senior.