Hard Money Loans Give Competitive Edge in a High Demand Market
According to a recent article by Sanjay Bhatt of the Seattle Times “the medium price of single-family homes sold in King County hit a new all-time high last month of $514,975.”
The article goes on to say that the county is experiencing record low inventory which is driving prices up ahead of the typically busy springtime buying season. Properties are experiencing multiple bidders as buyers compete for a limited number of listings. The price increases are affecting Snohomish and Pierce counties as well. With major employers like Expedia and Weyerhaeuser moving to the Seattle area and Facebook and Apple establishing satellite offices here the demand for residential housing should continue for some time to come.
In a high demand market like the one currently being experienced by Seattle/King County, time and money are of the essence. Fast, professional hard money lenders who provide private money loans at competitive rates and without requiring the documentation of conventional lenders can mean the difference in the successful acquisition of a desired property.
Gregory M Russell provides not just the Seattle area but the entire state of Washington with loans tailored to fit the individual needs of borrowers, including loans with maturities of up to 16 years ‐ just one reason why our lending program sets us apart from other hard money lenders. Learn more about how quick and efficient the hard money loan process can be at Gregory M Russell.