Georgia Buys

Seattle Homebuying Bill 121039: What We Know So Far

Seattle Bill 121039 Summary

If you’ve been hearing about Seattle’s new housing bill 121039 that passed on September 16, 2025, you’re not alone. You may be wondering what this new law is all about, and honestly, we are too.

At Georgia Buys, we’ve been following this closely to understand what it means for homeowners and how it could affect the way we make offers. While much is still unclear, here’s what we know now.

What This Bill 121039 Is Really About

This new legislation aims at protecting homeowners from predatory homebuying practices, not changing development rules. The changing development rules took place earlier in 2025.

Seattle officials have raised concerns about unsolicited “cash offers” where sellers may feel pressured or uninformed. This bill aims to add transparency and give homeowners more time to make decisions.

Where is what we know about CB 121039, according to the City of Seattle (Press Release):

  • Written disclosures: Buyers must provide a statement explaining seller rights, including the option for a fair market appraisal and the right to consult an agent or attorney.
  • Buyer-paid appraisal: If requested, the buyer must cover the cost of a professional appraisal.
  • 10-day cancellation period: Sellers can cancel within 10 business days of signing or receiving the appraisal.
  • Penalties for violations: The City of Seattle can fine noncompliant buyers, and homeowners can take legal action if misled.

These protections are meant to ensure sellers, especially seniors or long-term residents, have time and clarity before selling.

What’s Still Unclear about CB 121039

It’s clear there are logistical challenges and gray areas that still need to be defined.

Questions remain about CB 121039:

  • When exactly the 10-day window starts.
  • How “predatory” will be defined.
  • What proof buyers must show for compliance.
  • What, if any, cap will there be on the cost of the appraisal.
  • How the City of Seattle will actually enforce these rules?

One local attorney we spoke with described it as “a law with good intentions but uncertain logistics.” Everyone in the real estate community is waiting to see how this will play out.

Have questions about how this new bill 121039 affects you? Contact Georgia Buys for a free, no-obligation conversation.

Our Approach with CB 121039 Going Forward

Georgia Buys will continue to make fair, transparent offers that follow both the letter and the spirit of this new law.

We will:

  • Provide clear written disclosures.
  • Encourage sellers to take time before deciding.
  • Stay current as the City of Seattle releases updates.
  • Prioritize respectful, win-win transactions.

This bill may add steps to the process, but it doesn’t change our commitment to helping homeowners sell easily and confidently.

What Homeowners Should Do Now

If you’ve received a cash offer or are thinking of selling, remember:

  1. Take your time. You can’t be rushed under this new law.
  2. Consult a professional. Talk to an agent or attorney before signing so you know your rights.
  3. Expect transparency. Reputable buyers will respect the new requirements.

Looking Ahead

There’s still a lot of ambiguity about how this law will be interpreted and enforced, but we’ll continue to monitor updates and adjust as needed.

At Georgia Buys, we’ll always stay compliant and continue serving homeowners who prefer a simple, cash-based sale without repairs or stress.

Curious what your home is worth in today’s market? Request a Property Review and we’ll help you understand your options.