Rent or Buy?
Renting makes total sense if you are here for a while, or want to check out the different neighborhoods before committing yourself. Buying in the Seattle area, according to the latest study by Zillow, makes sense if you are planning to stay in the home for at least 4 years.
Remember, when you sell your house or condo your total closing costs will usually be between 8% and 9% of the sales price. Closing costs include real estate commissions, excise tax (sales tax), title insurance for your buyer, and half of the cost of the escrow company that closes the transaction.
Let me know if you’d like a sample breakdown of what closing costs would be on your property.
