Foreclosures in Vashon Island 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.
Vashon Island, WA
Vashon Island is located just a short ferry ride from West Seattle, across the Fauntleroy and downtown ferry routes. Vashon is a fairly rural island despite its large land mass, with 37 square miles of land and just 11,000 residents. Sometimes referred to as Vashon-Maury Island for its Siamese island appendage, the Vashon and Maury area are known for their artists and farmers, while a large number of residents commute to Tacoma and Seattle for more traditional work.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Vashon Island. 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 Vashon Island based on zip code 98070.
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