Foreclosures in Rainier Beach 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 Rainier Beach, check back daily for new listings.
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Rainier Beach, Seattle
Rainier Beach is located in Southeast Seattle on the shore of Lake Washington. With some of the most affordable lakefront and water view properties in Seattle, Rainier Beach is an attractive option for those seeking moderately priced waterfront homes. Just South of Seward Park, Rainier Beach's East end is mostly residential, with Rainier Ave running along the shoreline. To the West, there are a number of retail centers that create a busier, urban feel for the neighborhood.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Rainier Beach. 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 Rainier Beach based on zip code 98118.
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