AUSTIN — You can get a home loan for the amount you can afford.
But there are plenty of other ways to get the cash, too.
A lot of the cash can be found in local real estate.
A number of new listings show how much money can be made by flipping a house for profit.
Read more: How to find a house flipping for profit in the US and CanadaIn Seattle, the median price of a house is now $1.4 million.
It’s up 25 per cent since July 2016, when the Seattle Real Estate Board announced a steep price rise.
The Seattle Board of Realtors reported a 4.4 per cent gain in 2017, while Seattle home prices climbed an estimated 16 per cent over the past five years.
Realtors are not the only ones making money off of this.
Many of the listings in the Washington Post and Seattle Times also show that some of the homes are worth millions.
But the list of new homes available for purchase in Washington state, Canada and the US, as well as in Canada, is just beginning.
“You’re not going to find that much money here in the Bay Area, but there are lots of opportunities,” said Alex Gopnick, the founder and president of Seattle Real Property Partners.
“I think the trend is going to continue.”
The median price for a home in Seattle is now nearly $1 million.
Some buyers say they’re able to make up for the cost of moving, while others find out they can’t buy homes in the area because the housing market is so expensive.
“I have to do something else to survive,” said Scott Wilson, who is selling a house that’s been vacant for almost a year in Fremont, near Seattle.
“You’re living in this hole in the ground.”
Wilson bought the home with his wife, who’s a house hunter, last spring.
He said he wanted to move out because the price of the house had doubled, from $1,800,000 to $1-million.
Wilson said he doesn’t have any experience selling homes, but he said he’s sold at least three houses in the past decade.
“They sell a house every couple of months,” Wilson said.
“They’re the ones who are doing the selling.”
Wilson said that the biggest challenge is finding people willing to rent the house.
“If you can find somebody who’s willing to pay rent, I think you can make money,” Wilson added.
Wilson said if he can’t find a buyer, he’s hoping to sell it in five years, after the median sale price in the city of Fremont approaches $1 Million.
Wilson is also selling a second house, this one in Seattle’s Fremont neighborhood, at $1-$2 million.