• Time to Brush Up On Your Mandarin

    Posted on October 6, 2016 by in Real Estate News
    Search all nearby homes for sale now.

    Search all nearby homes for sale now.

    Vancouver B.C. just passed a 15% tax on foreign investors, that’s $150,000 in taxes on a million dollar home. That’s pushing international buyers into the Seattle market fast, many of those coming from China.

    In Renton Washington, for a 90-day period ending October 5th, 2016, 22% of offers were all cash, that’s up 18% from a year ago for the same time period. In Maple Valley, we saw 9% of all offers were cash in 2015, up to 10% in 2016 for the same 90-period.

    Source: NWMLS

    With many would-be buyers holding out for lower prices, this kind of governmental policy may be worth noting. #JanaSellsHomes #InternationalHomeBuyers

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