Many of the people investing in Tacoma real estate in 2021 have similar questions. MovetoTacoma.com creator and Tacoma real estate agent Marguerite sat down with local Investor Specialist Anders Ibsen to discuss investment properties in Tacoma. Tacoma is a fast appreciating housing market and multi-family properties are in demand.
With a background in appraisals Anders has a unique perspective on value and finding great properties in this frenzied real estate market. Anders shares tips and strategies for investors to find success in Tacoma’s real estate market.
What do people need to know about investing in Tacoma real estate in 2021?
We talk about FHA/VA Loan limits for purchasing multi-family in Tacoma and Pierce County- and how buyers can use those types of loans to buy their first investment properties. We talk about cash reserves, FHA/VA Loan limits, credit for rents to qualify, and so much more.
For more information about pricing and neighborhoods in Tacoma check out the following resources:
- Clickable neighborhood map of Tacoma
- Tacoma Median Home Prices by Neighborhood
- Tacoma real estate market update 2021
How much to invest in a single family home in Tacoma?
The median price in Tacoma and Pierce County has risen sharply in recent years. As a result, Tacoma has been the hottest real estate market in the United States for several years running. This surprises people who think Tacoma might be a place to find a bargain. It really isn’t anymore. The most affordable neighborhoods in Tacoma have median prices in the low 300’s. The most expensive neighborhoods in Tacoma have median prices above 700K. So there’s a big difference in what it will cost to buy a home across the city. Pierce County is the same.
In conclusion, buying a house in Tacoma’s frenzied sellers market requires a research and preparation, but is still possible. The important thing is to choose a neighborhood you love and find the real estate agent and lender who have the local expertise to help you get your offer accepted. Good luck!
Marguerite Martin is a different kind of Tacoma real estate agent. Check out the Tacoma Neighborhood Guide to find answers to questions you have about neighborhoods in Tacoma and Pierce County. When the time is right to start looking, Marguerite can connect you with a local real estate agent who specializes in the neighborhoods you love most. Click here to contact Marguerite.
Marguerite Martin Tacoma real estate agent
