Need your help..

[EastSiderenter]

Thank you very much for all your comments, I really appreciate it.

This afternoon, I had a chat with a relator that had an open house in another building in the same complex. Ofcourse he was very optimistic about Bellevue and its "growth" potential. The unit he was trying to sell was for a 950 sq feet 2 bed 1 bath condo on the second floor (the building has 3 floors) for $236K. The unit has upgrades (new carpet, removed pop corn ceiling, new pain, and looks generally cleaner than my current unit). My current unit is 687 sq feet, first floor, popcorn ceiling intact.
I found out the entire complex does not support vented dryers and vented kitchen Fans. The realtor also told me there will be an increase in HOA next week by 10 percent. I also checked the comps on zillow and redfin, most units sold in the past 6 months are in the same price 190K range. But I am sure the condition of those units are better.

The area where I am living in is defintely where I want to buy (its close to the highway, bellevue downtown and Microsoft [employer]). If I am not interested in the condo, the owner wants me to stay in the unit whle he has open house which I dont really mind because rent around the area is going to be much higher (I am currently paying 800 a month). For now, I am going to make a 160K informal offer (listing out all the negative features of the condo I dont like) and see what his counter offer is.

Again, thank you very much for all your comments

[Markor]

I suggest you run the numbers through the . Choose a city that has the "bubble pop price %" you agree with. The calculator covers the major factors, like how long you plan to stay before selling.

[Markor]

[TheMightyQuinn]

[Markor]

[Nell Plotts]

[garth]

That is the worst calculator I have ever used. Everything looks like a bad decision for years to come if you immediately lose 50%.