2月 25, 2007

Sell it or not?

I'm debating with myself.

My gut is telling me that Seattle and its surrounding area will be home for a lot of new hires coming from all over the places for a lot of welll-known company headquaters located here:

Technology: Microsoft, Amazon, Real
Retail: Costco, Starbucks, Nordstrom, Expedia
Financial: Washington Mutual
Communications: T-Mobile

And of course, we have Boeing and Google offices too, not to mention there are quite a number of startups (where is Blue Origin, btw? You can't take it out just because their website can be done by a six-year-old!), and a lot of other companies in various sectors in the Seattle area.

On the other hand, the supply of land in the city area is becoming more and more limited, as we are surrounded by Pudget Sound at west, and a long line of Mountains at east.

So, a quick conclusion would be that keeping a property would be a better idea than selling it?

Besides, I don't have an urgent need of money now... hum... of course, there is opportunity cost here, which is pretty difficult to calculate.

Talking about selling a house, Redfin seems to be a very interesting model. The most attractive thing being is, of course, you only need to pay $2000 flat fee to the selling agent, as opposed to the tradtional 3% agent fee (well, yeah, you still need to pay 3% to the buyer's agent).

(Oh, don't take it personally if YOU are reading this right now :-)

Sigh... I dont' know. It's a hard decision to make...

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