The amount of "Just Listed" Bellingham bank owned real estate for the week of July 24th -31st has increased quite a bit this week from what we've seen in the previous weeks and months. While most Realtors and the mainstream think that our market has bottomed and we're now on our way to recovery, I think we've only seen the beginning of a wave of foreclosures. The foreclosure moratorium that congress imposed ended on March 31st & the average time of the foreclosure process is 90-120 days (varies from state to state), which puts us right on track for the build-up of Bellingham foreclosures to start hitting the market.
Now I'm not saying it's a bad time to buy...I'm actually saying it's a great time to buy...just buy right. Nor am I saying it's a bad time to sell. If you're going to sell in the next 4 years...now is a better time than any. If you want to reduce your loss as much as possible I say sell...and price to sell! Otherwise, hold onto your Bellingham Real Estate.
Bellingham's bank owned real estate numbers for this week = 13 properties, including all of Whatcom.
Here's a breakdown of this week's Bellingham bank owned real estate.
Bellingham Reo's with Views *Link will expire in 30 days*
4xx Bayside is located in the prestigious Edgemoor Neighborhood with views of Bellingham Bay and the San Juan Islands. 6xx Northshore is located in the Silverbeach neighborhood with views of Lake Whatcom.
Bellingham Bank Owned Fixers *Link will expire in 30 days*
With the influx of Bellingham bank owned properties comes a influx of fixer opportunities. They are scatter'd throughout Whatcom county - some need minor work and others major. Some come with acreage and others with none.
Bellingham Bank Owned Condo's *Link will expire in 30 days*
Whether you're looking for a college rental, retirement, or a personal residence Condo living is a low maintenance investment. HOA dues vary from condo to condo so call your agent for details.
Feel free to give me a call to discuss your real estate goals. Whether you're looking to buy, sell, or just want to chat.
Search Bellingham bank owned real estate, Bellingham Short Sales, or Sell in Bellingham.
About the author: Tara is a full time Realtor in the Bellingham, Wa. She specializes in under-valued properties, bank owned real estate, short sales, estate sales, etc. She is well versed in real estate values, finance, and negotiation. Whether you're looking to relocate, buy, sell, or invest you're in good hands with Tara. *Honest, Reliable, & Educated*
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