Foreclosures in Renton 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.
Renton is located southeast of Seattle and just south of Bellevue. The city is best known for being the long-time headquarters of the Boeing Company, which still has limited operations here. With a population of 91,000, the city is fairly large but still maintains a smaller town feel in its historic downtown district. New developments like the Renton Landing have brought more modern dining and entertainment options to the area, as well as a larger contingency of new condos available near Lake Washington. Most of Renton is comprised of fairly affordable residential neighborhoods interspersed with small retail districts serving the local residents.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Renton. 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 Renton based on zip code 98057.
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