Foreclosures in Bainbridge 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.
Bainbridge Island, WA
Bainbridge Island is an upscale island located just a short ferry ride west of Seattle. Technically a part of Kitsap County, many residents commute into Seattle and King County daily on the ferries. Bainbridge Island is about 5 miles wide and 10 miles long, covering nearly 20,000 acres. With a population of 23,000, this bedroom community has become well-known to residents on both sides of Puget Sound and even named one of the best places to live in the country by CNN/Money. The downtown district of Bainbridge Island, known as Winslow, is easily accessed by foot from the ferry docks and provides potential for a car-free lifestyle for the Seattle commuter.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Bainbridge 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 Bainbridge Island based on zip code 98110.