Seattle’s New Home Owners

The first key factor in determining Seattle homes prices is location. The evaluators would usually take into consideration about the proximity of these houses within a public transportation service. Usually Seattle homes prices which are closer to subways and public buses cost a little more than others.

Apart from that, houses which are closer to the city centre are somewhat more expensive. For instance, properties in Bellevue and Redmond are much costlier as compared to Lynnwood and the likes of it.

For new Seattle homes owners, the down payment can be quite affordable. The interest rate of a housing loan for first timer are somewhere between 3.5% to 4% and an $8000 tax credit is imposed on the new Seattle home owners.

To qualify for the first time buyer tax credit, neither the applicant nor his spouse has purchased a house in the past 3 years. There is a time period given for the application to take effect. However, there are only certain types of property which is available for the first time buyer tax credit. In August 2009, property prices have significantly decreased and this is the best time to buy a house in Washington's largest city.

The 'Jet City' provides all sorts of first-rate services, from health care to education. The former timber town offers plenty of rain and it is due to the Oceanic climate which it is heavily influenced by the closeness with the Pacific Ocean. However during the summertime, the climate is quite warm and friendly, much like in a Mediterranean setting.

New Seattle homes owner can enjoy eye-catching landmarks of tall buildings such as the Space Needle which is famously used as the backdrop for comedy series Frasier and other shows such as iCarly and Dark Angel. Before the Space Needle, the Smith Tower was the tallest building in the West Coast.