seattle houseboats slip for sale

Investor Alert: Seattle Floating Home Moorage Site For Sale

seattle houseboats slip for saleBuy a piece of the Lake in Seattle!

Not ready to jump all the way into Seattle floating home living, but still want to get your feet into the Seattle floating home water living real estate market?  This is a great opportunity to purchase a piece of Lake Union. Located in the eastern arm of Lake Union in Portage Bay, this Seattle houseboats slip currently leases to a tenant floating home, but the possibilities are endless. It’s a great investment on a wonderful co-op dock with a parking spot included!  You can purchase the slip as an investment, collect rental income, and own a coveted parking spot all while enjoying the investment benefits of Seattle real estate appreciation.

Portage Bay is a fabulous part of Lake Union!  You are surrounded by the tranquility of calmer waters, but never very far from anything you need.  Just down the block from the acclaimed and much celebrated grocery and eatery Little Lago, and surrounded by parks and beauty, this dock is on the Portage Bay Loop which is only slightly longer in length than Green Lake. Walk to Eastlake, University District, and more plus a quick commute to Amazon, University of Washington, and Children’s Hospital. Surrounded by multi million dollar properties and great spot between Lake Washington and the Puget Sound.  $435,000

Call/Text Molly Cartwright or Courtney Cooper for more information 206-841-6800/206-850-8841 We are excited to share with you this wonderful Seattle waterfront lifestyle and all the perks of living Life Afloat In Seattle houseboats@cooperjacobs.com

seattle houseboats

New Seattle Houseboat Available

Fabulous New Seattle Houseboat For Sale in Gas Works Marina where everything is just a bike ride away and life afloat in Seattle is the best!

Lake Union Afloat ℠ in Northlake360 views

An affordable long term option other than looking at Seattle houseboats for rent, this is a wonderful place to buy and stay!  Enjoy your large bedroom plus sleeping loft (perfect for a kiddo, an overnight guest, or storage), one full bathroom, great kitchen and living room.  Check out these expansive views of our gorgeous city, mountains, Lake Union and more from your large roof top deck.

This Lake Union houseboat and owned moorage is available for $315,000.  The home owner dues and liveaboard fee  for this houseboat and slip total $340.00 per month.  Gas lake union kayaksWorks Marina has a cabana on site for extra shower, restrooms, and laundry service.  Parking?  Yep, got that too.

Need a loan for your Seattle houseboat purchase? Houseboats financing available through Sound Community Bank only and we have the details for you.  We look forward to hearing from you!  Molly 206-841-6800

Seattle Afloat ®:  We are Seattle houseboat experts with both real estate licenses through Cooper Jacobs Real Estate as well as a vessel dealer license through SeattleAfloat.com. We are Seattle Realtors which means we are agents who have ethics and will treat you accordingly.  We look forward to helping you “live life Afloat in Seattle ™!”

Seattle Houseboats Financing Available For This One

seattle houseboatsGorgeous Seattle houseboat for sale and financing available on this one!

Seattle houseboats can have financing again!  This one has condominium owned moorage and a secured place on Lake Union.  Houseboats that are vessels or barges have been difficult to finance as of late, but luckily, there are financing options available now – let us know if you would like to see this one!

More details:seattle houseboats

Gas Works Park Marina is a full time liveaboard marina with condo owned slips. Massive views from this sweet in-city retreat on the waters of Lake Union. Secured cabana on premise for additional showers and laundry. Dimensions of slip will fit up to a 33.5×10.5 houseboat or other vessel. Burke Gilman trail are just steps away for easy foot or bike access to Fremont, UW, and other favorite spots along the trail. A great investment!

Offered through Cooper Jacobs Real Estate and SeattleAfloat.com

Courtney Cooper 206-850-8841 or Molly Cartwright 206-841-6800

houseboats@cooperjacobs.com

Are Houseboats Drifting Away?

2143 North Northlake Way #18

2143 North Northlake Way

Are Seattle Houseboats Drifting Away?

I’ve been hearing a lot of talk about Seattle houseboats in the news lately.  And if you receive your news from just one source, it might sound like Seattle houseboats are drifting away.

So what’s really going on? What is the dispute over?  One could argue it’s really about should private people be taking over public space.

In broad terms, the dispute is about freeing up the shorelines on parts of Lake Union.  According to the state law, water dependent (vs water oriented) businesses and industries, shoreline restoration and public access are all given priority.  With this in mind, some city council members say shorelines should be preserved for recreational and water-dependent uses (aka not houseboats).  Yet other city committee representatives say they want to protect the Seattle lifestyle of houseboats.  Yep, definitely confusing.  But one thing is crystal clear:  current houseboat owners and liveaboards say they’re tired of battling for their chosen lifestyle, investment, and freedom to live and just want to be left alone after years of this with the city.

Big agencies like The Planning Land Use and Sustainability Committee, State Department of Ecology, Coast Guard, and Lake Union Liveaboard Association are all trying to come to an agreement about what defines a houseboat.  The due date of January 14th is fast approaching to make this distinction and it’s complex to say the least.  By current standards, a houseboat is treated as a water oriented vessel.  Most should have propulsion, safety equipment, steering and navigational lights, and all already have a black water holding tank, also title and registration. One must beg the question: How is this standard different than say a sailboat, yacht or ferry which are all legal and not up for debate.

Some LULU members (Lake Union Liveaboard Association) remind city officials that houseboats have been around Seattle waters even before it was a city.  Naturally, anger and resentment have come to an all time high for the liveaboards, houseboat builders, marina owners, local vendors and businesses.

I want to be clear there is a difference between houseboats and floating homes in Seattle.  The 500 floating homes in Lake Union and Portage Bay are completely void of these litigation’s.  Floating homes, unlike houseboats, are floating structures usually consisting of logs or concrete which are connected to city water/sewer and are considered “real property” and remain in place by a very heavy moorage arm and do not move from their location.

I understand with the growing population and the fascination of such an intriguing lifestyle, the state/city would want certain regulations intact.  There are essentially two arguments going on simultaneously:  preserving the shoreline for recreational and “water-dependent” use and the defining a houseboat.  The houseboat community is no stranger to reinforcing their lifestyle to the city.  These are folks who care deeply about their lake and go to great lengths to pacify others in order to remain there.  This will not change and it will not change without a fight.

If you’d like more information about houseboats or floating homes please feel free to contact me via email at molly@cooperjacobs.com

 

 

 

Seattle Floating Homes: Why You Need The Security Of OWNED Moorage Vs. A Rented Slip

Why You Need The Security Of OWNED Moorage Vs. A Rented Slip

Don’t buy a floating home in a rented slip when there are Seattle floating homes for sale with the security of an owned slip!!!  Why on Earth would you want your investment to not be secure?  The city of Seattle has been dwindling down the Seattle floating community for a hundred years with regular new ordinances and it is more important now than ever to make sure that you are purchasing a floating home that is either on a fee simple dock, a condominium dock, or a co-op dock.  Leased slips are not secure and when you go to sell it, you will have trouble finding buyers who can obtain financing.  The few lenders who lend on Seattle floating homes don’t like to do it on leased docks unless there is a long term lease in place.  
 
Can the seller obtain owned moorage from their landlord?  Ask them!  
 

Here is an example of a Seattle floating home for sale that is in its secure OWNED slip: (UPDATE: THIS SEATTLE HOUSEBOAT IS NOT FOR SALE ANYMORE)

Enjoy life afloat in Seattle in one of the most private spots along Westlake: Large kitchen & wonderful sleeping loft, plus a great office. Newer roof and deck – Great access to Downtown, Queen Anne & Fremont, walking/cycling trails (including the Cheshiahud Loop) w/ all the perks of living on Lake Union!  If you are looking for Amazon Housing or other Housing near South Lake Union, then this is a GREAT Choice!

2764 Westlake Ave N Houseboat # D

seattle floating homesOffered at just $255,000

  •   (Co-op owned moorage is a very secure way to own the land that your  is in) Owned Lake Union Moorage Seattle floating home
  • LOW Taxes and dues (you will be shocked at the affordability compared to the warnings some might give you as to the affordability of a Seattle floating home)
  • LOW Mortgage Interest rates available (ask me for referrals for your Seattle Houseboat financing needs because it is different than a traditional mortgage in requirements and terms)
  • Sleeping loft with room to go up below city height restrictions.
  • extra room for office or second sleeping room
  • large bathroom can accomodate a full laundry suite
  • ridiculously large entertaining kitchen
  • Very friendly dock from my experiences there
  • Westlake Cove is quite protected from rougher waters in parts of Lake Union

This is a great Seattle floating home for sale – you can compare it to other Seattle houseboats for sale right now and see that this one is a GREAT BUY!  It is the most affordable Seattle floating home on the market with owned moorage.

Seattle Floating Homes Listings: Opportunities Galore

Seattle Floating Homes Listings: Opportunities Galore Afloat:

If you are interested in being in the Seattle floating homes market right now, then a few interesting opportunities just popped up which offer all the best for the best Seattle Waterfront Living℠ you could possibly imagine.   There are cool floating houses in Portage Bay on Shelby and Boyer and also a better than end of dock Seattle floating home in Eastlake (think front row Roanoke Reef).

Recent Seattle Floating Homes SOLD:

2321 Fairview Ave E #10 in Eastlake listed for $519,500 and sold in 20 days for $505,000.  It is a 2 bedroom houseboat with 990 square feet according to the MLS listing and closed on 5/25/2012.

933 N Northlake Way #5 in Northlake  Listed and sold for $595,000 – 1 bedroom  Lee’s Mooring floating home on the market for 9 days and closed on 6/22/2012.

10 E Roanoke Reef #16 – only on the market for 8 days  – listed at $1,295,000 and sold for $1,250,000 – 2 bedrooms, closed on 6/18/2012.  Roanoke Reef in Eastlake (fee simple floating homes with garages…).

Here is the full sheet on the current Seattle floating homes market:

Seattle Floating Homes Market Update

Want a peek at the least expensive way to dip your feet into Lake Union floating homes:

2764 Westlake Ave N Houseboat # D

Offered at just $275,000  and don’t start to think there is a catch because there isn’t.

  • Owned Lake Union Moorage (Co-op owned moorage is a very secure way to own the land that your Seattle floating home is in)
  • LOW Taxes and dues (you will be shocked at the affordability compared to the warnings some might give you as to the affordability of a Seattle floating home)
  • LOW Mortgage Interest rates available (ask me for referrals for your Seattle Houseboat financing needs because it is different than a traditional mortgage in requirements and terms)
  • Sleeping loft with room to go up below city height restrictions.
  • extra room for office or second sleeping room
  • large bathroom can accomodate a full laundry suite
  • ridiculously large entertaining kitchen
  • Very friendly dock form my experiences there
  • Westlake Cove is quite protected form rougher waters in parts of Lake Union

seattle floating homes listings

At the base of Queen Anne! Enjoy life afloat in one of the most private spots along Westlake: Large kitchen & wonderful sleeping loft, plus a great office. Newer roof and deck – Great access to Downtown, Queen Anne & Fremont, walking/cycling trails (including the Cheshiahud Loop) w/ all the perks of living on Lake Union!  If you are looking for Amazon Housing or other Housing near South Lake Union, then this is a GREAT Choice!

UPDATE: THIS SEATTLE HOUSEBOAT IS NOT FOR SALE  – SOLD

This is a great Seattle floating home for sale – you can compare it to other Seattle houseboats for sale right now and see that this one is a GREAT BUY!   Seattle houseboats and slips for sale

Email:  courtney@cooperjacobs.com

Call or Text: 206.850.8841

Seattle Floating Homes Market Update May 2012

seattle floating homesSeattle Floating Homes Market Update  May 2012

Inventory is still low.  There are only SIX Seattle floating homes on the market right now.  They range in price form $350,000 for a 2 bedroom 1 bath 1000 square foot floating home in Westlake to $2,150,000 for a 2 bedroom 1.75 bath 2216 square feet Seattle floating home on Portage Bay with extra moorage for great Lake Union slip rental income potential.  In addition there are still some Ward’s Cove slips available if you are interested in new construction Seattle floating homes.

Other Seattle floating homes for sale are on docks located at 2821 Fairview Ave E, 933 N Northlake Way (lee’s Moorings), 2201 Fairview Ave E, and 1215 E Allison St – these are all in Westlake, Eastlake, and Portage Bay, as well as Northlake for the Lee’s Mooring dock.

Pending in Escrow:  There is a Roanoke Reef floating home for sale that is currently pending after being on the market for just 8 days (Roanoke Reef floating home owners, please take note:  If your home did not sell on that dock then it was not priced right or was not marketed correctly or in some cases, both.).  This was a 2 bedroom 2.5 bath 1931 square feet floating home listed at $1,295,000.

Latest SOLD Seattle floating homes: 2770 Westlake Ave N, Houseboat #5 – a 2 bedroom 1 bath Seattle floating home on the Old Boathouse dock.  It is 987 square feet and was listed for $475,000 and finally sold after 285 days for $407,000.  One thing to consider when looking at the price this one sold for versus the list price is the Aurora Bridge overhead which did make some buyers shy away.  It is interesting because stand on the dock for five minutes and you won’t even notice the bridge. Add to that the bonus this lucky buyer got was on eof the biggest floating “back yards” on Lake Union.

You can find the full NWMLS print out here for the current Seattle Floating Homes market, but if you have specific questions about Seattle houseboats for sale, please let me know.  I am happy to help. :

seattle floating homes market update

There are some new financing options out there for Seattle floating homes – if you want to get in to the market, you will need special financing, insurance, etc. I am happy to help you navigate.  Oh!  Also ask me about getting a sneak peek of my next Seattle floating home listing….   -Courtney Cooper 206-850-8841  courtney@cooperjacobs.com

Affordable Houseboat in Seattle

Have you ever wondered what it’s like fishing off the deck of your own Seattle houseboat?  Fire up the grill and enjoy the double deck, fresh air and killer views…and hopefully some fish!

This Seattle houseboat sits in one of the most soughtafter marinas.  Gas Works Marina is located on the North end of Lake Union, bustling with kayakers, early riser crew teams, houseboats, and electric boats!  It’s one of the only condo owned marinas on Lake Union which means you own a piece of Seattle’s own waterfront!

This location is stellar – imagine living steps to the infamous Burke Gilman Trail, fun-filled Fremont bubbling with awesome restaurants, Wallingford‘s quirky local merchants, and great a school district.

She has a new steel hull, measures approximately 33×11, new carpet, a spacious one bedroom plus extra sleeping loft area, remodeled kitchen and a full bath with a jetted bathtub.  The expansive two decks let you store your kayaks, entertain, or just unwind.

Low monthy dues include water, garbage, dock maintenance and parking.  If you’d like more information or a private showing, please contact me today!  There’s not one houseboat the same!  Financing available. 

 

 

 

Molly Cartwright, Broker
206.841.6800
molly@cooperjacobs.com

Lake Union Moorage Slips In Demand

Lake Union Moorage Slips In Demand

Spring in Seattle has sprung and the Cooper Jacobs office is ringing with inqueries for space on Lake Union. Recent sales of moorage slips are in the range of $75,000 to $125,000 for slips around the lake excluding Wards Cove.  Due to the lack of inventory prices have remained strong and even appear to be increasing from the data we look at.

Wards Cove Listings  are the newest slips available on Lake Union and could be some of the last to ever be developed. There are only a few out of the original twelve available.  A slip at Wards Cove sold on December 28, 2011 which was listed for $885,000 and SOLD for $850,000.  Another was listed for $850,000 and SOLD for $682,000 in July 2011. One listed for sale at $735,000 SOLD for $685,000 on October 25, 2011. Houseboats on Lake Union and Portage Bay are two of Seattle’s strongest real estate markets. More houseboats are being designed and built for Wards Cove and the remaining slips are going quickly so don’t miss the boat! I personally see more and more Seattle houseboats around Lake Union being completely renovated. This is not only good for the local economy like the contractors, suppliers and banks lending the money but also a significant indication that these property values are holding strong.

Cooper Jacobs has a Westlake floating home coming on the market soon and if you want a sneak peak email Courtney at courtney@cooperjacobs.com or conatct her at 206/850-8841 to schedule a tour. It’s a great time to be in the know so if you want an evaluation of your property call Courtney Cooper. Recently, across ‘the pond’ from Wards Cove there was a slip at Gas Works Park Marina that was listed for sale by another real estate agency at $75,000 and sold for $70,000 in 16 days which in our opinion was underpriced. Don’t miss out!

Check out listings for Seattle houseboats at  Seattle Houseboats For Sale.

Houseboat For Sale

I try to think of catchy titles when I write.  But today, I’m going to get right to the point.  I’ve got a houseboat for sale in Seattle.

There are a few other houseboats for sale around Lake Union and even one in Nickerson Marina (between Ballard and Fremont bridges).  How do they stack up?  First let’s start with the moorage of these beauties.  You have two options.  Lease or own.  Leasing allows you to enjoy monthly flexibility without the price fluctuating much.  Owning allows you right of ownership and resale value.  Which one is right for you?  Sometimes it depends on the houseboat you fall in love with.  Other times it’s knowing you have more versatility with your investment.

It’s a personal decision.

2143 North Northlake Way #18 offers a unique opportunity to own your slip AND your new beautiful houseboat.  It’s a smashing one bedroom + loft houseboat built in 2000 with loads of charm and freedom.

When you’re looking at buying a houseboat, space is a premium … including OUTSIDE SPACE.  This one has it!  

Two decks combining 300 square feet to enjoy those BIG southwest views on active Lake Union.  2143 North Northlake Way # 18 measures 33.5′ x 10.3′.  There is a 50 amp tower, 125 gallon gray water holding tank, 35 gallon black water holding tank and roughly 650 square feet.  A new hull was designed in 2006, new floors, carpet, remodeled kitchen, new marine toliet and the list goes on.

Whether you’re buying it for yourself or as an investment to rent out, the lifestyle is one only Seattle can offer.

 

Gas Works Marina offers a cozy cabana for those extra guests (boys and girls showers and bathrooms!) and a coin operated laundry service.  Pride of ownership here!

For more information about 2143 North Northlake Way #18, please contact us.  For other houseboats, housebarges and floating homes around Seattle, shoot me an email or call.  molly@cooperjaacobs.com or 206-841-6800. 

Are Seattle Houseboats A Good Investment?

Are Houseboats A Good Investment?

Are Seattle Houseboats A Good Investment?  In a word:  Yes.  I have more renters contacting me for houseboat living and each day the list grows longer and longer.  Why?  Because it’s different, cool, convenient, and what better way to live waterfront-style than renting someone else’s investment. 

This blog is not so much directed at the renters wanting to know those houseboats for rent…it’s directed more to those INVESTORS who want to secure a great real estate purchase in Seattle’s well known houseboat community.  It’s been documented that you post an ad for a rental houseboat on craigslist, postlets, or facebook and you will get it occupied in two days flat.

Is now a good time to buy a houseboat?  Another word:  Yes.  Seattle Metropolitan Credit Union lends on houseboats with a 25% downpayment and a 45% debt to income ratio with a credit score of 680 or better.  Many times folks will buy a houseboat with cash because they’re affordable so lending isn’t required.  Do they appreciate over time?  GOOD QUESTION.  It’s such a personal choice for a buyer and they can look for years.  So the appreciation is in the eye of the beholder…or just in the next owner.  However just like anything you want to buy it must be in the best shape possible, curb appeal, great marketing, and above all – value/good price needs to be established.

Seattleafloat.com has a quite impressive houseboat for sale that, yes is currently rented, and is a SUPER investment in Gas Works Park Marina.  Own your moorage, own your houseboat, and make a profit.

Call or email me for a private showing on one of the best kept secrets on Lake Union.

This Just In!!! Seattle Houseboat Lending Opens Up Again!

Just came across my desk this afternoon!  Seattle Houseboat lending is wide open again!

From Denise Carlson at Seattle Metropolitan:

We have great news to share……    We are back online with our houseboat lending program.  Below is the update we have made to our program guidelines.  

seattle houseboatsAug. 2011 update:  City of Seattle’s Shoreline Management plan is being revised and will most likely impact the houseboat community in some way.  Information is currently being gathered by the City.  The final plan will be drafted and submitted to the City Council for approval.  Once approved, it will then be sent to the Department of Ecology for their approval.  The estimated timeline looks to extend to year end 2011.  Details of the plan are uncertain at this time and pertain to various aspects of above water living, including the treatment of gray water and the % of ‘live aboards’ allowed around the lake.  There is uncertainty as to the impact on houseboat values any future changes in the SMP may create.  Given this uncertainty, SMCU has modified the requirements to the existing houseboat loan program to allow lending in this program as well as compensate for any potential negative impact as follows:

 

  • Minimum FICO score of 680 – no change
  • 45% maximum DTI – new
  • Minimum of 2 months documented reserves required on all transactions.
  • No other program details have been changed

 


You can reach Denise at 206-398-5581 if you have questions about houseboat lending.  Denise also does Seattle floating homes lending.  As always if you are interested in Seattle houseboats, please let us know – we would love to show you some of our favorites – both on the market and off.

 

Seattle Floating Homes For Sale: You Have A Dozen To Choose From In All Ranges

Seattle Floating Homes For Sale: You Have A Dozen To Choose From In All Ranges

Seattle houseboats

The Seattle floating homes inventory has gone up and some prices have changes since I wrote about what Seattle Houseboats for sale were available earlier in the month, so I thought I better come back and go through them again.  There are 12 Seattle floating homes for sale right now.  There are many more if you are looking for Seattle houseboats for sale in general (this includes vessels and barges as well as floating homes), but only twelve Seattle floating homes on the market currently. This is up from the last year so get out there and take a peek at the inventory.

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(Molly and I are happy to show you what ever you would like to see no matter who it is listed with!  You can call Molly at 206-841-6800 and me at 206-850-8841.  You can also email us if that is easier – courtney@seattleafloat.com or molly@cooperjacobs.com.)

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Eastlake Floating Homes…

There are five Eastlake floating homes ranging in price from $199,000 for a floating home on a leased dock (does not own its moorage) to $3,450,000 for the Ferrari of Seattle houseboats on the Fairview Landings Dock.  In between, you have a few more of the norm priced at $485,000, $525,000, and $849,000.  Molly and I have our favorite among these, so let us show you what we think is the best of the best of Eastlake houseboats right now.

Westlake Floating Homes…

There are also five Westlake floating homes for sale right now! These range from $299,000 for a perfect starter Seattle houseboat with OWNED moorage and cheap dues (think better than condo prices and way lower on taxes and dues – ask me if you don’t believe me and I will show you the numbers) to $875,000 for a great Westlake floating home on the 2420 dock.  Other prices on the Westlake side?  $399,000 in Westlake Cove, $530,000 for another on the 2420 dock, and $850,000 for an END OF DOCK Seattle floating home (PS – If you are looking to live at the end of the dock on Lake Union, then you should know that these rarely go for under a million, so come see it!!!!).

Portage Bay Floating Homes…

There are two Portage Bay Floating homes for sale (one is creeping into Eastlake so you get the best of both worlds).  They are priced at $649,000 and $765,000 and include land and parking with one of them PLUS a land side cottage.

Again let us know if you want to see any of them or if you need help getting financed for a Seattle floating home – we have all the resources at our fingertips and are ready to help you get settled into a brand new lifestyle on the lake.  Summer is around the corner!

Two Slips Are Better Than One

Take your pick: calm, protected waters during the winter months or high tale it out to center stage at the end of dock for some amazing summer time fun

Comfortably open floor plan

Truly an amazing location for an amazing houseboat.  This beauty is a 60′ long Catamaran designboat  with a steel hull (which was just painted) and insulated with polyurethane foam cylinders.  Extensive and thoughtful care has been taken by The Ark’s owner.  The 1,000 square feet of living space (including 2 bedrooms and 1.50 baths) has the style and sophistication you deserve on the water!  Forced air in all the rooms, two new engines in 2007 with 135 hp and 4 cylinders plus a 220 gallon water storage tank.

Insulated storm windows throughout, high speed internet cable available, hot water showe to rinse off after a kayak trip to the favorite, local Aqua Verde restaurant.  Financing options are available ~ feel free to contact us to answer more of your questions or a free tour.

A popular kayak’s cafe

Seattle Houseboats Financing: Some Good Floating Homes Financing Rates Just Out


Seattle Floating Homes Financing Just Got More Attractive:

Some of the latest rates I have seen are extremely attractive for Seattle floating homes financing! I am happy to share some details if you are interested in buying a floating home or looking at the financing for it.

Here are some of the details for I have seen for Seattle floating homes financing through local lenders:

  • 25 year amortization
  • 7 year term
  • 5.99% interest rate (6.49% standard rate)
  • 1.00% loan fee
  • Borrower to pay all closing costs
  • Maximum LTV-75%
  • Rates are subject to change without notice, but I can point you in the best direction if you need it.

Keep in mind that this financing is for floating homes only. Not all Seattle houseboats are floating homes. Seattle houseboats is the general term which covers Seattle floating homes, vessels, and barges. Vessels and barges are a different animal for financing often requiring a boat loan although there is at least one other option that recently became available in financing vessels.

You can get in touch with us via email and we can help direct you to the correct mortgage person if you have other Seattle houseboats needs: homes@SeattleAfloat.com

Seattle Floating Homes Buying Process: Elements of a Seattle Houseboat Inspection

Seattle Floating Homes Buying Process: Elements of a Seattle Houseboat Inspection

After finding your Seattle floating home, you will need to have both a regular home inspection – much like you do with land homes – and also an additional houseboat inspection to evaluate the floating portion of your home. Part of this will involve a diver going under your new floating home and evaluating floatation systems.

Elements of a floating home inspection – The length and width of your float will be measured and recorded. Corner elevations will be measured. This is measuring from the deck surface to the water level. Water depth will be measured and whether or not obstructions under the surface exist.

The houseboat inspector will look at and evaluate all of the decking of the floating home and also the connections to the home for the water, sewer, and electrical. They will look at how the floating home is connected to the dock by evaluating the spring lines, anchor chains, moorings, floatation, and house spacing.

Flotation – In addition to the newer concrete floats, the older log foundation floats are supplemented by floatation air barrels, and some Styrofoam billets – each providing various levels of lift. If for some reason when they measure the corner elevations and the floating home is not level, additional floatation may be added.

Looking at Log Foundation floating homes, the inspector will count the number of logs and describe their configuration. Then the Stringers will be counted and evaluated. Stringers are the support for the home itself from the log foundation. From time to time they do need to be replaced and should always be treated timbers.

Additional Seattle floating homes resources:

Seattle Houseboats See what Seattle floating homes are on the market now!

Seattle Floating Homes Financing Update 2010

Seattle Floating Homes Financing Update 2010:  You might think with all the other changing real estate financing guidelines that financing for floating homes would be hard to find, but not so. There are some great local bankers who specialize in just this type of home and the process is still pretty straightforward for a houseboat that is in the category of floating home.

With the changing lending environment, what is the range in programs available today for floating homes? According to Gary Olson at Banner Bank who is quite  a hard working guy and specializes in Seattle floating homes as well as doing a great job with your other real estate needs, the normal down payment for a floating home in Seattle would be a
minimum of 20%-30% or more depending on the size of the loan.  After the potential purchaser has been given a conditional loan approval, the bank then orders the additional items required by the bank to finance the floating home.  In this case, they order a dive inspection as well as a current appraisal of the home. The bank must then review all items and both the bank and the underwriter for Banner Bank must approve all items.

In addition to these expenses, there are of course title insurance fees, recording fees, etc. just as with traditional Seattle real estate.The floating home must be on a co-op or condo dock for the program and the loans from Gary at Banner are amortized over 25 years with a 15 year term (the rate the client starts out with is what they keep for 15 years).  Gary is a great resource for your Seattle floating homes financing!

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