Main Content

Buyer’s Guide

Seattle is home to one of the strongest and most sought-after real estate markets in North America. The attractive location, excellent quality of life, and great crop of housing options draw home buyers from all over the world. It comes as no surprise the competition here is quite intense.

Buying a home in Seattle can be challenging, but ultimately, it’s a rewarding experience. With enough research and preparation, you increase your chances of finding the home of your dreams. Finding your dream home in Seattle is well worth the time and investment.

Here are a couple of things you can do to purchase the house you want in the Seattle metropolitan area.

Be financially prepared

To make your move as soon as possible in Seattle’s housing market, you need to be ready with your finances. I encourage everyone interested in investing here to save up as early as possible.

Since you’re in the early stages of home buying, save up for the down payment, which is usually 20 percent of the list price. Look at the median listing price of homes in your desired area to get a picture of just how much you need to save.

It’s possible to put down as little as 3 percent for the down payment, but in a real estate market as competitive as Seattle, successfully competing for a home with 3% down will be difficult. On average, a home buyer in King County puts 18 percent down.

Get pre-underwritten for a loan

Getting pre-qualified for a mortgage is the usual advice when buying a home. But in such a competitive market as Seattle, you need to take it one step further. Get pre-approval for a mortgage loan.

What’s the difference between getting pre-qualified and pre-approved? The former implies you can potentially buy a home, while the latter is a stamp of guarantee. The pre-approval process involves a closer look at your assets, credit score, and bank statements. It’s a stronger statement to a seller from underwriting that you will indeed get a loan from your preferred lender.

Since it’s a sign of commitment between you and your lender, this will give your offer more credibility to a seller. Learn more about the underwriting process here.

Work with a local lender

In Seattle, the lender you choose to work with matters. Big banks are often the choice of consumers, but a trusted local lender may also be a good fit for your home buying experience.

Local lenders have the advantage of possessing intimate knowledge about Seattle’s housing market. Sometimes, these companies even have healthy and existing relationships with the local real estate community. This can help speed up your loan application.

Often large banks or lenders can have more bureaucratic processes that can slow down the home loan process. Slow and steady might win races in other parts of the country, but in Seattle, working with a flexible mortgage resource who can seal deals quickly can be valuable in assisting you securing your dream home.

We can refer reputable local lenders in Seattle. Give us a call at 425-829-3417 or e-mail me at

Find a local real estate expert

Things can progress quickly in Seattle. It’s important to make decisions and act decisively, and the key to this is to work with an experienced real estate agent well-versed in Seattle’s unique real estate market.

If you are looking for a real estate agent with extensive experience in Seattle’s housing market, excellent language skills in Mandarin and Cantonese, and a diverse portfolio, I might be the one you’re looking for. Contact me today for a consultation.

Learn more about buying a home in Seattle

We’ve only just scratched the surface. Luckily, you’re in the right place. Check this page often as I’ll be updating this with more home buying resources, from real estate investment tips to housing market updates. You’ll find everything you need to know about Seattle real estate here.

Together, let’s explore what Seattle real estate has to offer

Browse my website for more information or get in touch with me today at 425-829-3417 or e-mail me at mary(at)marypong(dotted)com to find homes for sale in the Greater Seattle area.