Foreclosures in Columbia City 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.
If there are no foreclosures available today in Columbia City, check back daily for new listings.
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Columbia City, Seattle
Columbia City is probably the center of the urban revival in South Seattle, with an enviable new business district, plenty of new construction homes, and bustling scene. Centered on Rainier Ave east of Beacon Hill, there are a plethora of parks, restaurants, and shops for the neighborhood residents to peruse, as well as great access to mass transit. Home prices have increased significantly since the neighborhood's resurgence, but are still moderate for Seattle in general.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Columbia City. 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 Columbia City based on zip code 98118.
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