Foreclosures in Edmonds on SeattleHome.com are homes that are owned by a bank or lender. These are sometimes referred to as REO (Real Estate Owned), ORE, or bank-owned homes. Other foreclosures are sold at county auctions, which are riskier and require all-cash buyers.
In contrast, these bank-owned foreclosures are fairly straightforward and allow for bank financing. Even inexperienced buyers have access to bank-owned foreclosures. Our buyers have the option of an inspection period before closing the contract on a foreclosure. This allows the buyer a short-term "grace period" in case the property doesn't live up to their expectations.
Edmonds is a scenic town in Snohomish County, centered on a ferry port on Puget Sound. Edmonds' downtown and the nearby Edmonds Bowl are highly-regarded areas and their real estate values reflect the appreciation. The town of 40,000 has annual events that attract many visitors including the Edmonds Arts Festival and the Edmonds Jazz Connection. Edmonds' most famous resident may be Rick Steves, the international travel writer, or Ken Jennings, the uber-successful Jeopardy champion. Joined with its tony neighbor to the South, Woodway, the city's Edmonds-Woodway High School is well-known for its International Baccalaureate Diploma Program.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Edmonds. You can see the latest trends in pricing, affordability, supply and demand. We invest in this research so our clients always have the latest insights to make the best decisions with confidence. Below are the latest home pricing trends for Edmonds based on zip code 98020.
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