Foreclosures in University Place 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.
University Place, WA
University Place is located adjacent to Tacoma, just about 30 miles south of Seattle. The area got its name when the University of Puget Sound attempted to build a new campus there, but eventually decided against it. The name stuck however, and the area was eventually incorporated in 1995. University Place is mostly residential and has spectacular views of Puget Sound, including from its top-tier golf course, Chambers Bay, which hosts PGA events. There are around 30,000 residents of University Place.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for University Place. 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 University Place based on zip code 98466.