First-time home buyers, sellers face crazy competitive market
By Olivia Palmer
For first-time buyers like Miranda Dancik, the process of finding a home is a maze of rising prices and bidding wars. After half a year, her search in West Seattle has still yielded only dead ends.
West Seattle has traditionally been one of the least expensive parts of the city to live in. Dancik said its affordability and location between her and her husband’s workplaces were two of the biggest factors in their decision to start looking for a house there. But heavy competition has meant they’ve gotten outbid on every offer they’ve made.
“Now is the time where we have enough money saved up for a down payment,” Dancik said. “We’re excited. We want to buy a house. And this was kind of a rude awakening when we saw the reality of the situation.”
