As Featured on King 5 News
Written by Jake Whittenberg
Image Courtesy of King 5
"Realogics Sotheby's International Realty estimates property values range from 10-to-50 percent based on a 'city view' to a premium 'water view.' 'It's kind of buyer beware situation,' said Realogics owner & CEO Dean Jones. Jones offers three tips to research for view if you are in the market to buy. Work with an in-city broker that's familiar with zoning, land ownership and market values. Experience in this makes a big difference. Check a zoning map and compare with development applications, which are public record, so you can draw sight lines and explore what impacts there may be even if those are a few blocks away. Choose buildings with view easements or that are adjacent to historic landmarks or at the threshold to down zone areas because the likelihood of adverse development is much less. 'Ultimately, development is an indication of positive things in the city,' said Jones."