Have you ever thought to sell your home in Bellingham and then moving to Redmond?
Before you make the decision to sell your home in Washington, ensure to visit HelloPad to help you get a proper perspective on the real estate market in Washington.
If you want to sell your home in Redmond and move to Bellingham, you need sufficient background information on both cities.
Bellingham is a city in Whatcom county in Washington. It is located 21 miles away from the US-Canada border, it is also the 12th largest city in the state of Washington.
If you want to sell your house in Bellingham, some of the factors to be considered include the median cost of home, and the property laws that apply in Whatcom County.
Redmond is a city in King County in Washington with an estimated population of 72,000 people. With an unemployment rate of 2.6%, the economic index of the city is very high. If you want to sell your home in Bellingham, the average value of a home hovers around $823,300.
Major Differences Between Homes in Bellingham WA and Redmond WA
1. Median Cost of Home
According to bestplaces.net, the median cost of home in Bellingham is $429,900 while in Redmond, the median home cost is $823,300. Though both are significantly higher than the US average, there is a huge disparity between both cities.
If you want to sell your home in Redmond or in Bellingham, you should check out HelloPad to help you get the right selling price for your property based on the property address.
2. Property Tax Rates
In Bellingham, the property tax rate is $11.28 per $1000 of assessed valuation with $2.47 of it going to the city while Whatcom county takes the chunk of the property tax paid.
In Redmond, the property tax rate is fixed at $9.3 for $1000 of assessed valuation. The city of Redmond takes 12% of this amount while the county takes 88%.
Before you sell your house in Redmond, you should note that the property tax is going to be based on the assessed value not on the market value. The assessed value is determined by the King’s Assessor’s Office based on a number of factors.
3. Property Laws
If you want to sell your house in Bellingham, there are certain laws that apply in the city of Bellingham. Similarly, when you sell your home in Redmond, there are county laws and city laws that determine how the sale will take place.
4. Cost of Living
Before you sell your house in Bellingham or in Redmond and move elsewhere, it is important to note that the cost of living is a huge determinant of the comfort index.
In Redmond, the cost of living is 85% higher than the US national average while in Bellingham, it is 21% higher than the national average.
If you sell your home in Redmond and move to Bellingham, you are moving to a cheaper place to live in but a less comfortable city.