The uncertainty of the condominium market has prompted two major projects to offer new buyers a pricing guarantee.

In Seattle, The Olive 8 / Hyatt Hotel project is ensuring that buyers in Seattle’s tallest residential tower receive the lowest price possible as the market continues to fluctuate by offering a price guarantee to new buyers. Should the same floor-plan within Olive 8‘s remaining inventory sells for less than the current price prior to closing, the buyers who contracted for a higher price home will benefit at closing with the equivalent discount to their price.  Olive 8 is currently 80% sold with completion anticipated early next year.

Across Lake Washington, Bellevue's tallest condominium project, Bellevue Towers, is also offering a similar price protection guarantee.  This program guarantees that the price of a home purchased now will be appropriately adjusted at closing if similar homes are subsequently sold for less than the current list price.