Foreclosures in Magnolia 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 Magnolia, check back daily for new listings.
If you'd like us to do the searching for you, just Contact Us with your home preferences.
Magnolia is located on a peninsula west of some of Seattle's busiest neighborhoods. It retains a small-town atmosphere, set off from the rest of the city by three bridges. Though famous for its expensive homes with sweeping Puget Sound views, it also boasts many more affordable homes in the interior of the peninsula. Magnolia has its own small retail core, and enjoys 360 degree views of the Seattle area from its many hillside homes.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Magnolia. 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 Magnolia based on zip code 98199.
More information about:
Back to: All Central Seattle Neighborhoods