Foreclosures in Redmond 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.
Redmond is best known as the birthplace of the Microsoft Corporation, but it has grown into a diverse business center and beautiful residential community. With trails, parks, rivers and lakes in all directions, Redmond has a mix of suburban and rural feel with close access to big-city employment opportunities. Redmond is a part of the highly-regarded Lake Washington school district. Its population is nearly 55,000, which is spread out to many suburban neighborhoods while Redmond's downtown is a mix of a quaint historic town and newer retail developments.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Redmond. 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 Redmond based on zip code 98052.
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